Reply to How does your family survive making under 200k hhi

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband makes $160k and I stay at home with two small kids. These threads always surprise me because at $160k we do pretty darn good! Rent a townhouse for $2300/month, aggressively paying off both cars so we spend $1000/month on that, $131/month insurance for both cars. $280/month for preschool, around $200/month for power and gas, $400 for cable/internet/cell phones. We have a house in another state but the mortgage is covered by a renter so we don't make money on that but we aren't in the red either (this year at least). In a normal 2 paycheck month we net around $8500 and very very rarely do we feel pinched unless a few major expenses come up at once (property taxes, new tires for cars, medical bills, things like that). I mean we aren't wealthy by any means but I feel we do much better than "survive."[/quote]

You don't own, you don't save for college for the kids, and what are you doing for yourself as a SAHM for retirement?  [b]Households with income totalling less than $200K, with kids, are almost always way short on house equity, retirement and college savings[/b].  [/quote]

Citation please.

Our HHI is $180K.

We have about $700K equity in our house and less than $100K to pay on the mortgage.

Retirement accounts total $1.5M.  We are 50yo.

College savings total $250K for two kids ages 15 and 12.

We are not "way short."  Not by a long shot.[/quote]

Wow, very impressive!  Good for you.[/quote]

Thank you.  We are aggressive savers and planners.

Anyone who uses "$200K" and "survive" in the same sentence is clueless.  With a HHI of $180K, we consider ourselves rich.[/quote]

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