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Reply to "so who actually shops at Bloomingdales? Stays at 4/5 star resorts for $1000/night?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have a high HHI (somewhat higher than yours), though I suspect we are a bit closer in spending habits to you than to my siblings who have a similar HHI to mine. We prioritize savings much more than my siblings do. This is kind of sensible, since I think we will all receive a decent inheritance from our parents (sister will also get a huge one from her FIL and brother is younger with no kids and expects a lot of income growth). That said, I think their lifestyles are a little risky, they think we're just not enjoying our life enough. That said, I do shop at Bloomingdale's/NM/Saks, but almost only ever on sale. We've also stayed at $1000/night hotels (only a couple of times), but using points + discounts received through our AmEx. I'm of the opinion that a lot of these "luxuries" are affordable with a little effort to bargain shop...but they are still splurges to us.[/quote] Same here. We are at about $550k HHI and we don't do anything extravagant. One kid in private, one in public. One kid going to college next year. Each year, we pay about $30k in taxes out of pocket. Don't get it. I shop high end, but always on sale. Recently bought a pair of Manolo's, but only because I getting an award and wanted really good shoes.[/quote] You're spending a lot of your money on education. You could easily take the 25k plus you're spending on private and enjoy some nicer trips, more high end clothing and date nights. Outside of the private school you probably have a large mortgage. You probably also have two wage earners and some sort of childcare. None of this helps. We make less than you (400k) but will send kids to public, have a very low mortgage and only one car. [/quote]
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