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Reply to "Does anyone here live very well on very little?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We do okay on 90k income. We went to London/Paris for spring break and are headed to Disney this Fall. Small mortgage because we bought an older townhouse further out. Public school for our one kid. [/quote] Are you also maxing retirement and building savings? Saving for home repairs? is the 90k gross? What's your secret for funding international travel for the family?[/quote] Different pp here with similar income a few thousand higher. We max retirement and have significant college savings. International travel every two years to visit family. Use ff when poss and generally stay with family, but also travel domestically a few times a year.[/quote] Impressive! Gross? Budget, please? I'm doing something wrong - Not maxing, no college savings and no internAtional travel here. Help![/quote] Yes,pls post your budget.[/quote] Take home pay is just under $5k per month, plus maybe an average of $500 per month from spouse. Retirement is already taken out, as is health insurance. Mortgage, PITI = $1450 Utilities incl phones and internet = $300 Childcare = $100 for occasional aftercare, kids now both in school Food and groceries, incl eating out = about $1000 Vacations = about $5k a year Clothes for kids and occasionally us = maybe $500 a year College savings = currently only $150 a month, but already have $50k plus saved for 3 and 6 year olds. Gas = $40 a month, we don't drive much, but I guess it's more if we've driven to the beach or the mountains for a day or the weekend. Activities = kids are not signed up for any but we do stuff as a family all the time, museums, hikes, day trips, etc. Feel free to slam me for this, I'm sure I've left something out. We 1) have robust retirement and savings due to our age and length of time saving, as well as relative frugality (we do a lot of thrift store shopping, for example) and 2) have a relatively low mortgage payment because we didn't buy in the last few years and live in a neighborhood most people wouldn't have considered when we bought.[/quote] You do Europe and Disney on $5k/year??[/quote]
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