Reply to 450k HHI- lifestyle questions

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are also around $350-450 HHI depending on bonuses. We did hit $450 last year. Two kids. $4400 mortgage, $3000 childcare, every household expense we can goes on credit cards and it generally comes out to $4-5k/month. The rest we save in 401k, 529 plans for the kids, and an investment account. My view is that we are very comfortable and I would never say we have money worries. We have the flexibility to do what we want without worrying, though I wouldn't say we live extravagantly. We don't even have more than one car, and it's a Honda.

DH believes our jobs and paychecks at this level are not guaranteed (we are both lawyers, one in biglaw, so he's right to some extent) and he feels financially insecure even though we have a lot in savings. He's crying wolf a bit because he clearly doesn't feel insecure enough to cut back on buying lunch every day, last minute weekend trips, new kitchen toys and expensive food purchases, etc. But anyway, I think that's another way people can feel that way at this HHI, if they worry it won't last. [/quote]

We are very similar with probably slightly higher fixed expenses.   Our income is closer to 500k, but we think we can't rely on it (one of us is also in BigLaw) and it is hard to imagine being able to save enough to replace it.  
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I suspect that a lot of people who make this kind of income have similar concerns. We get used to some of the perks of income at this level, and worry that we won't be able to save enough to keep up the lifestyle if the income ever shrinks. [/quote]

I think this is true.  We are slightly less - $360k - but the big fear is sustainability.  [/quote]

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