Reply to Your income, HHI, and spending on “luxuries”

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[quote=Anonymous]This is an interesting thread!

HHI $1.1M. We belong to a country club whose dues are around $1,500/mo + whatever we spend on carts, food, lessons.

I don't buy any designer bags, never buy jewelry and rarely wear any. Don't buy luxury clothes except for my little girl...I splurge on her; maybe $500/mo between clothes and shoes. And for the rest of us...maybe another $300/mo?

Never fly first class - ever in my life. Often fly budget airlines. Spend about $40k - $50k/year on travel. We take 4-5 trips a year; usually one to Europe, one to Caribbean and then some driveable beach trips, maybe a waterpark, a national park. I don't ever see us flying first class but maybe I'll change my mind when I'm old. I'm not young though - mid-40s. We flew to Europe in the fall on an overnight flight and as I walked past first class I did think man, would be nice to be able to lie flat and sleep like these rich people. But no freaking way am I spending 3x-5x as much times FIVE TICKETS just to sit in a different section of the plane. So I tried to sleep slumped over.

Nice cars but not luxury I wouldn't say. A good minivan for me and a 10 year old Mercedes for DH.

I get my hair, nails and lashes done regularly. Before we hit a high HHI (I'd say before $500k) I never did this stuff - only for very special occasions, like before our annual vacation, would I ever get my nails done. Now I can't live without that stuff. To me this is a big luxury.

No fancy shoes; I get most shoes at TJ Maxx or the clearance rack at Macy's. I would love some Christian Louboutins - those red bottoms get me - but I can't bring myself to buy them. We have three kids and spend a lot on them for all of their activities. Love to eat out and experience things together (shows, other attractions). We take our kids out for a fancy meal about once a month; probably costs about $400.

We save a good amount; that is a non-negotiable for me. I don't feel comfortable with any luxuries before knowing I've fully funded retirement, college, brokerage account, and stashed away some cash.[/quote]

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