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Reply to "If you make 500-600k range and are married with kids"
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[quote=Anonymous]We've been at it for a little while, so our fixed expenses are quite low. Our mortgage is less than $2k, kids are in school with no daycare or nanny. So looking through our expenditures, most of it is associated with food, entertainment, clothing, and other spending. By my calculation, we save well over half of our income. All our money is in buckets here or there based on investment type, rather than usage purpose. So we don't have any college savings, for example, with the assumption that we have plenty of investments to cover it and will convert some of it to cash if the kids have college expenses in excess of our cash flow. [/quote]
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