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[quote=Anonymous][quote=Anonymous]The way we do it is we have at least one person in the family who runs the numbers and makes sure that a high income translates into covering all your bases.  DH will spend every dollar in his checking account, and have it refill on the next payday, and feel great about the fact that he didn't touch savings.  He never carried debt but also didn't really save when we met.  He grew up comfortable but not rich, got a government job that made him comfortable but not rich, and all was right in the world.

I have an apocalyptic worldview w/r/t finances, stemming from falling from comfortably middle class to what Warren calls "the ragged edge of the middle class" when I was growing up.  [b]I run FireCalc projections at least twice a month on our savings.[/b]  I track everything.  I expect downturns.  I plan as if we're going to be laid off, permanently incapacitated, bankrupted, and robbed.

So before we had a kid we saved ~45% of our income.  No car, then one car, bought less than half the house we were approved for, all SLs paid off, no other debt, stay friends with people who earn much less than we do instead of trying to maneuver into country clubs or whatever people on these boards are always on about.  When we had a kid it dropped to ~30%.  Now we have enough in savings to never put another dollar in retirement and retire with better than 100% income replacement, DD is funded for a 4 year instate but we will likely add to get to 4 year OOS public levels (and cashflow private if appropriate).  And DH has rubbed off enough on me that I'm thinking about spending some of our money now (second house?), but I've rubbed off enough on him that he's wondering why we would need to do so since our life is fine as is.[/quote]

I applaud your planning, but the bolded is a little out of control.  As Frankie says, "Relax."  [/quote]

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