Reply to To those who can't make ends meet on $250K, take note:

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[quote=Anonymous][quote=Anonymous]It's a matter of perspective. Our HHI is $150k.  We do not own yet, because there were other things we wanted to spend our money on before we became homeowners.  We "make ends meet" and then some. We don't have a lot, but we're so very grateful for what we have.

I DO understand that some people feel like they need more. More space, more cars, etc.  This area breeds competition and I don't judge anyone for one second for getting caught up in it. But at some point we should all recognize that the key for being comfortable with what we have has to be a conscious decision. There will always be someone with more.  You don't have to participate in the race.[/quote]

I was just talking about this the other day with the talk about the lottery. If I was to win a lottery - I wouldn't change much. I'd settle debt (student loans, etc), set aside money to buy a decent (and by decent I DON'T mean a $750K+) home, upgrade the car, put a bunch into savings and college funds, then donate the rest anonymously to charities and to family members/friends who need it. I wouldn't know what to do with a lot of money. And I know I have little to no chance of earning more then $60K a year and of course the chances of winning the lottery (not that I buy lottery tickets) is slim.

I often see people recommending getting cleaning companies, lawn care, sleep consultants, professional childproofers... all of those things aren't needed. Neither is eating out and shopping excessively. If you can afford it - go for it. But if you're finding yourself unable to live on $250K a year or more you need to seriously look at your budget and your priorities.

And with regards to a couple of the other posters - you never buy a home when you haven't paid off or sold your old one yet. That's just foolish, IMO. Especially considering the fact that you were laid off. It's also foolish to buy an overpriced 1 bedroom condo (which would be impossible to sell) then a house 2 years later. [/quote]

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