Reply to Dual income families, what is your HHI?

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[quote=Anonymous][quote=Anonymous]I only wish we actually had 401Ks OR could afford to put aside $2500/month to "max out" those retirement accounts...THEN on top of that put $1K/month into a college fund.

Of course, our HHI is just past $100K and we cover our 15% to retirement completely out of pocket since neither of our employers offers retirement accounts.  My GOAL is to put 10% into savings (but it doesn't always happen) and then on top of that put $200/month into a 529.

I keep going back to the average american household only makes about $50K/year, which breaks down to roughly north of $3K/month coming in - TOTAL.  So, pay for a mortgage, child care, food, electricity, car payment, etc. out of that.  Where do these folks have any extra cash for regular savings and $1K/month in college savings?[/quote]

Remember that most Americans can live in areas where a WHOLE HOUSE is like $100K.  Not to mention, the "average American" is in debt, doesn't save for retirement or college, and carries student loan debt.  It's impossible to compare using that as the standard.

You're doing fine!  Things will only get better.[/quote]

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