Reply to <$100,000 and don't feel poor

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Me too.  We make around $90k a year and feel very wealthy.

I can not comprehend the people complaining about where the money goes when they make $200k plus.

We have 2 children and live in NW DC, centrally located.  Vacation overseas (with family) and go on several trips a year.  Eat out a couple of times a month but are otherwise generally frugal.  Have a low mortgage, no debt, one car, rarely buy clothers or other luxuries.  We have everything we need and then some.[/quote]

How much do you save each year for retirement and college?  We save more than you gross each year for the future.[/quote]

Well aren't you wonderful!  We save about $20k for retirement (1 max 401k plus an IRA for spouse) and currently $150 a month for college.  However, we've had more funds in previous years for college and our college savings currently stand at 12k for our 4 year old and 8 k for our 2 year old.  (We also have savings/emergency fund that is in six figures, but that was accumulated over the course of many years).

What you seem to be neglecting to understand is that our expenditures are low.   During retirement we won't spend more than we are doing now (and most likely less, after adjusting for inflation) so we need less than you.

And when I say we live frugally, this is what I mean:

- meal plan
- buy kids clothes from thrift stores most of the time
- ditto kids toys
- use cloth diapers
- stay with family overseas during vacation, using frequent flyer miles
- send my kid to DPR camps for $50 a week instead of spending hundreds or thousands
- don't pay for childcare ever (instead use informal swaps with family and friends)

Like I said, we have a low mortgage, no debt and everything we need.  Our kids have much more than I ever had growing up.[/quote]

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