Reply to If you make 500-600k range and are married with kids

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[quote=Anonymous][quote=Anonymous]I make in that range and so does DH so combined it's around $1m.

major expenses:
Mortgage 1 - $4000/mo including RE taxes and insurance, will be paid off in 5 more years, pay extra every month
Mortgage 2 - $3500/mo but we pay RE taxes and insurance separately. Pay $10k/month on this one to reduce principal.
College - $70k/year, 529 savings offsets much of it, kid will graduate soon
Retirement Savings in tax advantaged accounts - about $120k/year
Other savings/investments - about $200k/year
Renovation projects on one house or the other - usually $25k-50k.
Travel - $20-25k/year
Health insurance - $35-40k/year (high premiums and high deductible)[/quote]

Saving $320k a year...I have to admit that's awesome.  If only...

I'm guessing you clear $500k annually after taxes...that's impressive you're only spending $300k annually (so you're saving more than you spend annually...my guess is not many of us can say that).  I think a lot of us would be tempted to spend more.  How many children do you have?  Health insurance seems a lot![/quote]

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