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Reply to "Does anyone here live very well on very little?"
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[quote=Anonymous][quote=Anonymous]$150k here with 2 kids and I feel we have a very good life Great neighborhood with decent public schools and good friends. Travel at least once a month, but those are mostly trips by (10 year old) car and either camping or staying with friends/relatives. Occasionally go out to eat, but much more often entertain friends at home or go to a friends house. We do splurge on organic meat, fish, and produce (though not all organic) but eat meatless half the week. Kids are in some low-cost activities and we spend a little on our own hobbies. We spend a lot of time outdoors, and cooking, both of which are things I really enjoy. We chose fulfilling, albeit not financially rewarding, careers. Save for retirement and just started for college (oldest is in K). I'd be lying if I said there weren't things I would like to spend more money on (mostly travel, home improvements, potentially a third child) but all in all, I think I have it pretty good.[/quote] This is us exactly. I can scrimp on clothes, but not on good quality food. We don't eat out that often, but when we do, it's at some place like Silver Diner. We save the nice places for special occasions. We do usually take one big trip a year. However, when we started trying to save a lot for our kid's college fund, things got tight. My kid are older ES so, we need to start saving a lot more. We also always max out our retirement. We have a low mortgage (under $2000 including tax and insurance), no car payments, no loans. I know our mortgage is not typical for DC area. We put a huge down payment on the house from proceeds from the sale of our previous house. We have $40K in emergency savings.[/quote]
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