Reply to Middle class professionals: tell me about your finances

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[quote=Anonymous][quote=Anonymous]We are 48 & 53 and make a combined 120k, which is poor here on DCUM.  But I consider ourselves middle class - even upper middle class.  DH started working at 18 full time and the best advice his older brother game him was to put the max possible into his 401K, which was easy since he was living at home and didn't really have any expenses.  Fast forward and he's got $750K in his 401K.  DH went to college part time - took him over 10 years to get his degree, and every class was paid for by his employer.  He has worked in the IT field and has been in a "professional" position since he got his degree.  I worked for the fed govt for 14 years, was a stay at home mom for 9 and now work very part time.  I have $350K in my 401K - again maxing it out while I was with the govt and haven't contributed a dime since I left the workforce.  We have managed to save $37,000 in 529's for our three children.  Thanks to a wealthy aunt, the kids also have 529s that are funded enough for in-state tuition.  We never had any student loans and we won't let our children take out student loans.

DH and I bought a modest home when we first got married - paid $200,000 in 1998 and its now worth $600,000 so we have significant equity.  We keep our cars forever.  We currently have a car payment - DH drives a 5 year old car and I just traded in our 12 year old minivan.  DH will most likely not get a new car until a couple of years after my SUV is paid off.  We don't take a vacation every year and we only eat out once or twice a month.  We do live almost paycheck to paycheck but I don't regret not returning to my former career.  We are healthy, happy, have a roof over our heads, food in our bellies, clothes on our backs.  No we aren't jetting off to Europe and the Caribbean every year, but [b]we are in much better shape than a significant portion of the country.[/b][/quote]

Yes you are. What a blessing.[/quote]

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