Reply to If you classify yourself as UMC, how much do you spend in total each month?

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Reply to "If you classify yourself as UMC, how much do you spend in total each month?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We're in a pricey stage of life. We have two toddlers in full time childcare, plus we just bought a house a couple years ago so we're at peak mortgage, too. We're spending every dollar right now - about $12k a month. HHI $210k. We have a healthy emergency fund ($40k), an okay amount saved for retirement ($150k), and no debt besides our mortgage. We're only saving enough right now to get our retirement match. [/quote]

You should have double for retirement now. When we were in your stage, we had about 300 for retirement combined. Same income as you (then).[/quote]

PP here. Yes, I recognize it should be more. That’s why I said “okay” rather than good.

We overextended on our house (a decision I don’t regret at ALL - we’re in our forever home and we love it) and honestly we kinda think of it as a bit of our best egg/retirement. Our house is $900k and the mortgage is 3%. We all make our trade offs. We also have no intention of retiring early. Our parents worked well into our 70s, I’d anticipate the same for us.

We all make our trade offs. And $150k in retirement’s not nothing. [/quote]

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