Reply to Ok can we stop saying $300k is "rich" in DC?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]300k gets you a starter home and a used car. Dinners at Chain restaurants, clothes from Kolhs and occasional vacation. It is not rich at all for a family.  [/quote]

Then why do we have all that on 100k?[/quote]

My guess is the starter homes are in different locations.

I will be the first to say (1) we are NOT poor or just getting by making $330K/year (we are in fact quite well off - but not wealthy in the high levels of assets sitting in investment accounts sense), and (2) we made the choice to spend a lot of money on our house so that we have short commutes and good schools and it is our salaries that allowed us that choice, (3) if we made less we would likely spend less on housing, prioritize schools, and have lousy commutes.  Our house is quite nice, but that reflects improvements made after the daycare years were long over.

The second biggest drain on our resources are child activities, also a complete choice and we are thankful we have the resources to make those choices.  We have paid off all student loans and our children are elementary and middle school aged so no daycare expenses (but aftercare and camp)

Also, we don't eat out a lot and when we do it is rarely a chain and I have never shopped at kohls.  I am price conscious when I shop.

On the commutes front, I have been working short term at a location different than my long term norm and that is about to end.  My normal commute is 30 minutes max, mostly 20.  My current commute is 45 minutes.  That extra time, recognizing it is not really that bad, adds noticeable stress to my daily life of juggling kids and activities and trying to have some downtime at home.  We are paying for calm.[/quote]

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