Reply to You need to make $90,000 to be happy in DC

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[quote=Anonymous][quote=Anonymous]I think it is a very good  salary for a single person who is renting an apartment.  Or a young couple, renting an apartment, 1 car, no kids, no pets.

We have a HHI of 250 K. SAHM. Bought a spacious SFH for >300K but with below average public schools. No student debt. No childcare cost. Kids go to public schools. No pets.

We are very comfortable, BUT if we had bought an expensive house with better schools or had childcare costs  or had to send our kids to private school (they have been in magnets), or had student debts  - we would have needed 9 K more and we would have no savings or retirement or college fund.

Can one live in DC with 2 kids, a sufficiently spacious house with good public school ir  private schools, childcare, student debt  - in 90 K and still be saving for retirement and college for their kids?  I doubt it.

Yes, I also understand that in the rest of the country people do with less and live well. However, DMV population has advance degrees (usually multiple) in competitive fields and they have the same expectation for their kids. A lot of money is required to reach that goal as well.[/quote]
What in the world are you spending all that money on then?[/quote]

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