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[quote=Anonymous]We have always emphasized that even if we can afford something, it's not always a good value. I hesitate at our kids' young age to go into specifics about our HHI because it is admittedly absurdly high (7-figures annually), but I think that this lesson seems to be sinking in to our older DS (age 11), who seems to have a good sense of value and likes saving money. DS, who is 5, doesn't quite get it yet, but we plan on having the same attitude with regard to money towards him.

Also, we try to practice what we preach to some extent. We don't have luxury cars, but we do have two very good, practical, and safe cars (minivan and Prius) that serve our family's needs perfectly. We have a nice house in a close-in neighborhood, but nothing that stands out from the other SFHs in AU Park/Tenleytown. We cook a lot at home, largely for convenience and health reasons, and while we shop at WholeFoods, we also look for sales. We shop at Costco because it makes sense financially and because we have storage space for bulk purchases.

When it comes time to talk about colleges (which are paid for), we will have a frank discussion about what that sum of money can do.[/quote]

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