Reply to Support a family of 4 on $55k/year

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[quote=Anonymous][quote=Anonymous]And to address the PP, across Virginia, cost of living varies widely.

My husband and I are struggling with this as well. We want to save and live a decent life, but it's hard -- we earn about $180,000 combined, have two children in daycare (about $2,000), pay $2950 in rent in NWDC in a good school district. We have very little savings outside our company retirement accounts.

I worry all the time; not saving enough for our chidlren's eduction, what if something happens to one of us.

We've made all the obvious cuts: only one car, no cable, take lunch, no Starbucks. We spend a lot on groceries, which we are working on trimming (easily $1,000 a month for 4), and booze. We go out to dinner or do takeout maybe three times a month, which isn't THE MOST FRUGAL, I know, but I don't think it's exorbitant. Any time we take a holiday it's to visit family on the east coast, we've flown once in the past, what, 6 years?

UGH.[/quote]

Again. The question was "is it doable" not "can we do it while living in prime area, shopping name brands and organic groceries, yada yada yada". $1000 a month on groceries? How on earth do you spend that much?

YES it can be done. YES it can be done without aid. Posters like the above, and the other poster (12:15 was it?) are ridiculous and proving the point that those who are whining about not being able to make ends meet on XXXK a year need a reality check on what is a want vs. a need and how to budget. [/quote]

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