Reply to Support a family of 4 on $55k/year

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[quote=Anonymous][quote=Anonymous]The problem with asking a question like this here on DCUM is that this board is heavily skewed toward families with very high incomes.  $55k is a perfectly good salary for most people, including in the DC area.  However, most of the respondents here have combined salaries of $150, $200, $300k and more.  Their expenses have grown to the extent that they think that it's tough to get by on anything less than what they earn.  However, you don't have to send your kids to private schools, eat out multimple times a week, spend thousands on vacations, have two brand new SUVs, live in a million dollar home etc.  Plenty of people get by on much less.

We'll soon become a family of four.  I earn more than $55k but relative to others here, not much.  (Sole earner).  If we stopped contributing to savings and 401k and cut back on eating out and trips/vacations we could EASILY make do on $55k.  It's all relative.  If you'r eused to taking home so much more than that it would be tough.[/quote]

PP, I agree with you.  However, we don't have a very high HHI either and housing kicks our butt.  Where do you live?  [/quote]

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