Reply to how the hades did you save a six figure deposit?!

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[quote=Anonymous][quote=Anonymous]How do people save $200,000 for a home downpyament here?! How.

We make $165,000 and have two small kids. It took us all year to save $10,000. At this rate I won't have that kind of cash until I'm 60 (I'm 38 now).

Good grief. How?[/quote]

The people I know did a few of the following:

1) Saved first and then budgeted the rest of their money
2) Lived in group houses until they married, then shared an apartment with another couple and continued once kids came along.
3) Found a cheap small basement apartment in a decent neighborhood. 
4) Never ate out, cooked healthy but inexpensive meals (eg oatmeal for breakfast, planned meals....)
5) one car or no cars
6) took advantage of all the free stuff we can do in the DC area for entertainment
7) bought minimum clothes looked at church rummage sales and thrift shops first- same if they needed anything for apartment
8) Asked for things they needed for holiday gift giving occasions- and kept gifts at a minimum
9) participated in a faith community
10) vacations were camping or visiting relatives/friends -wherever they could get to in a car

OP- there are families that live on $80k in the area.  Live like they do and save the rest.[/quote]

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