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[quote=Anonymous][quote=Anonymous]Our HHI is $1.3M. Our 15-year mortgage is under $5K (PITI) for an unremarkable 4 bedroom, 3-bath house in upper NW DC. We own our two cars (one hybrid, one electric). We send our two kids to private schools. I earn $100K, DH brings home $1.2M. I don't intend to quit my career, which has excellent benefits and for which I have earned a bit of seniority and therefore have a lot of flexibility and autonomy. We max out retirement and college savings, and put a lot into CDs and money market accounts.

Once you reach a certain income level to cover basics, it all comes down to budgeting and saving. Obviously, if you have a higher income, there's a lot more wiggle room, but there are many people with very high incomes who manage to spend all their money very quickly.

Our major indulgence is the private school tuition. We have nice, safe Japanese cars (not luxury cars); a perfectly nice home in a perfectly nice neighborhood; and we buy virtually all our groceries from places like Whole Foods. Clothes are purchased on sale from stores like JCrew and Hanna Andersson--so nice, but not designer. While we could afford more expensive things, we have decided to be content with what is objectively more than good enough. We make the exception for private school because we feel that the experience of the superb education is affordable for us, but we would be happy to send our kids to our neighborhood public schools if finances were tighter. I would characterize our lifestyle as comfortable--neither frugal nor extravagant given our income.[/quote]

I think I probably know you. Or rather I know a bunch of families that fit this general description. It’s very common in NW DC.[/quote]

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