Reply to 450k hhi - lifestyle (cars, houses)

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[quote=Anonymous]We are close to your projected HHI, but live like we make $150k.  We felt this same pressure to keep up w/ the Joneses for appearance purposes. Honestly, its overblown.

If you must show off for job purposes:

-Pressure: Buy an expensive new luxury car; Suggestion: buy a used luxury car. You can get an audi wagon or BMW SUV for under $30k.
-Pressure: buy bigger/newer home; Suggestion: Get some simple renovation work done. We ended up staying in our neighborhood (TKPK MD) and just added an office room to our house ($75k home equity loan). He mainly uses it as a man cave, but occasionally he will entertain or see clients there. Purchased home from $400k- mortgage is about $2,300.
-Pressure: put kids in prestigious private school; Suggestion: If in PS schools and they are doing well: nothing. Support your children where there are emotionally and academically. If you want to expose them to more, you certainly have the financial resources to do so, at will. Private school is not necessary unless your local school truly is undeserving your child. We send our LOs to Piney Branch ES and Blair HS respectively in MoCo. Both are doing great despite both school's high % of "FARMS" kids, which many people seem to complain about on these boards.

The only thing I do think would be worth the investment is clothes. Make sure your DH buys at least five well tailored suits. And good shoes. I would spend a little more on these as people notice, and quite frankly, they last longer so you end up spending less in the long run, than where my husband used to get his suits (Macys).[/quote]

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