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Reply to "Spinoff: How do you live below your means?"
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[quote=Anonymous]Our HHI is $140k. We live in D.C. Here is how we have been able to live below our means: Started renting our house 7 years ago before the neighborhood became desirable, then we were able to buy it from our landlord a bit below market value. We live in a duplex but rent out our basement. This helps pay the mortgage. We don't have a lot of space but we make do and our kids are happy. I stayed home when the kids were little so no daycare costs and now am able to work part time during their school hours. I shop at places like Aldi and Price Rite as well as Costco. Cook most nights. We own one car and paid it off with a bonus my DH received last year. 1 vacation per year to visit family on west coast and a few shorter trips within driving distance Kids do 1 extracurricular activity each. I shop at thrift stores and Wal-Mart for kids clothes since they grow so fast. I do buy good quality shoes for them. We don't do date nights often because of the expense of babysitters and nice restaurants but I'd like to try to do this at least every other month. So basically a combination of things working out at the right time (house purchase) and sacrifices. But it's definitely possible. [/quote]
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