Reply to do your friends elsewhere live as financially conservative as you find people in DC do?

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Reply to "do your friends elsewhere live as financially conservative as you find people in DC do?"

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[quote=Anonymous]I don't know where you get fiscally conservative from ... our HHI is 220K, and it's not like we have huge discretionary things we could be spending on.

we have paid $2000+ a month for childcare for 4 years now, plus mortgage on a 100+ year old house that we can't afford to repair many things in, and ONLY afforded in the first place due to a very generous down payment contribution from my MIL.  I save about 15% of my salary for retirement, which I don't consider enough because (due to lots of higher education) I didn't really start saving until my mid-30s.  For college, again we are luck to have  MIL seeding the 529 plan for now, and we don't contribute anything.  We have one car with a 7 k note.  Luckily, only $4k left in student loans now.

This leaves us with barely affording one vacation a year, and scraping by with an average of about 2 months in our emergency savings account (depending on how close to tax refund season we are ...)

I realize that we are actually extremely privileged with all of this, but my point is, the cost of living here is high! [/quote]

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