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[quote=Anonymous]Married to big law equity partner who started in big law, went into the government, and now back in big law, so have had ups and downs with income. DH now says he will stay in private practice, but we will see.

We bought a house we could afford if we only made $300k combined income. I work (make about $200k), so that number made sense to us. That being said, we bought a large house, so the carrying costs are expensive. But we could afford for DH to leave big law and not have to move.

We will not buy a second home and do reasonable vacations. We own normal cars and buy clothes on sale/ at stores like Off fifth.

We did put our kids in private school. We discussed how that would be golden handcuffs as it would be stupid to pull money out of savings to pay for tuition ($150k per year). But we have a plan and set exit points for leaving private school and it will work for the kids if DH decides he doesn’t want to do it any more. It really isn’t fair to them to just pull them out, so if you have kids in private school, you really need to find a plan to get them back to public school.

I know this sounds really privileged, but it can be hard to maintain financial discipline when you are already saving a lot. DH makes $2M+, we save several hundred thousand each year, and sometimes I just want to buy direct flight to our vacation destination, or whatever. But we are trying to maintain low carrying costs for our lifestyle, so need to watch all the pennies. [/quote]

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