Reply to Upper and UMC Ppl: Do you Actually Know Anyone Living Beyond their Means?

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Reply to "Upper and UMC Ppl: Do you Actually Know Anyone Living Beyond their Means?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Most people on DCUM would say I'm living beyond my means.  I make $300k/year but bought a close-in house with a big yard that was too expensive ($4200/month).  I max out retirement, but don't save a penny more than $18k/year.  My 529s are low (my parents didn't pay for my college and I don't see the need; if the kids are smart enough they can get a scholarship, if not they can do ROTC).  We have a house cleaner and a lawn guy and a dog walker.  I pay for my parents' housing (including mortgage, utilities, upkeep) so that they can be the ones to watch our kids instead of sending them to a daycare.  It's worth it to me -- I don't feel like taking my equity and downsizing to a smaller house with a longer commute.  Everyone has different priorities.[/quote]

Do you have an emergency fund? What does your debt look like outside of mortgage?[/quote]

This is my life. Our HHI is $275k and our mortgage is $4400. Our daycare expenses are $2600/mo.
We max my husband’s TSP and my Roth 401k plus my $15k limit for ESPP. We fund our kids 529s on target to pay for 4yrs of undergrad. We still manage to save some money. We still go on vacation 1-2x a year. We eat out 1x a week on average. We aren’t eating PB&J. [/quote]

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