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

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[quote=Anonymous][quote=Anonymous][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 firstq 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]

Oh boy! Here comes the contingent who claim they are barely scraping by on 200,000+ a year.[/quote]

I realize I am not barely scraping by. My point is, though, that given our expenses and what I consider a reasonable amount of savings, we don't have a huge pile of extra money sitting around -- despite OP suggesting that I am "overly fiscally conservative." Plus, we can only enjoy some of the quality of life elements that OP's midwestern friends enjoy (short commute, relatively spacious house, decent school) because we got help with a down payment. I am not complaining, just objecting to this idea that I am saving too much??[/quote]

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