Reply to Dual income families, what is your HHI?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We lived on $65K/year (my salary) for the 3 years my DH was in law school.  Maxed out retirement, traveled every year (internationally), saved at least $15K/year for down payment.  We shopped at WF and had a cheap, no frills apt with no cable, but lots of other entertainment.

I don't get people who need $200K to get by (though we make that now, we bank a LOT).  Our mortgage now is only a little more than our rent used to be.  Our DC costs us a little extra ($2000/month), but that's why we waited until we made more to have a kid, and we still save a ton.

Are all y'all living high on the hog?  What am I doing right/wrong here?[/quote]

Where are you living that your mortgage payment is only a little more than your rent used to be?  You say your rent during this period was $800 ...  If your mortgage is near $800, then I can definitely see why you don't get people who need $200k to get by.  Plus, based on your previous follow-up responses, it sounds like you had some special circumstances when you were living on $65k - free medical insurance, [b]only doing 1/2 of retirement[/b], being able to stay with friends when travelling.  [/quote]

Again, I am unaware of how I only did 1/2 of retirement?  I paid up to the limit, as I was the only one employed. As for mortgage, we bought before the bubble (and recall the downpayment fund, we saved a lot!).

And yes, vacationing with friends and family may be cheating...but it's fun, and I wouldn't drop $5K on a cruise when that money would be better served elsewhere.  We still travel this way -- it's a better way of seeing the culture of the countries.  Someday when I'm a broken-down old lady, though, I plan to sit on a beach/ship and have people serve me! :)

The medical IS lucky, though...I guess I assume most people around here earning that little are not working for private industries or giant corporations.  I am fortunate to still have this benefit.  I think it was more common then (this was 8-10 years ago).[/quote]

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