Reply to How much of your income are you able to save?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I make 90k and save $18k per year in my 401k, plus $6500 per year in savings, at least $2400 in college savings for the kids, $10k in Roth IRAs and at least $1500 in extra mortgage payments.  That adds up to more than $38k which is more than 40 percent of gross.

If I can do that with 2 kids and only one of us working and a sub $100k salary those of you with HHIs in the hundreds of thousands and less than 20 percent are doing something wrong.[/quote]

So you live on $52,000 a year with two kids???[/quote]

Minus taxes, yes.  Youngest is not quite one yet so doesn't cost much.  But it's pretty easy and we live well (eat out, go on vacation etc).  I find myself staggered that people spend such ludicrous amounts of money here.  I genuinely can't understand what you are spending it on ([b]though our housing costs are low[/b]).[/quote]

Bingo!  seriously,  I don't know why I click on threads like this.  It becomes either a brag fest or a fight.

[/quote]

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