Reply to I Live Comfortably on Less than $70K After-Tax in DC Area

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]^ Poster who posted budget: your travel is really low. I love to travel, it's a huge priority to me. If I died tomorrow, I would really regret not seeing more of the world. We probably spend ~ 50k but we make double what you make.

9k on travel is not even enough for one of our trips.[/quote]

NP. Their savings for college seems low too as it includes their own student loans (unless they're only paying back $1k a year on their loans?). Our financial adviser said we should be saving 15k for every kid each year.

And they only have one kid! Try having another and needing to save 30k for college PLUS daycare for two PLUS food, clothing, diapers for an extra person PLUS travel for an extra person PLUS activities and camps when the kids are older, etc. etc. Come on, even you must admit that you would have to cut corners if you had another kid.[/quote]

College savings is $4k per year for now.  I think it'll be enough.  I mentioned that we only have 1 kid (but we also "only" have $275k, not the $300k mentioned).  We'll add another soon, and I'm sure our annual savings will drop from $73k but we still won't be anywhere near "tight" on money.[/quote]

thank you for your perspective[/quote]

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