There’s been much ballyhoo lately about cost of living and affordability in media lately (deservedly so, imo) but I’m curious how hard it is for those of us who are a little more capable than normies (we like to think).
Feel free to be somewhat vague. Not asking anyone to doxx themselves. I’ll start.
In my mid-thirties. Married, two kids. Combined income is just under 100k. We live in a low cost of living area which has helped us a lot. We were able to buy a house in ‘21 with a 15 year mortgage and it feels like we got on the last lifeboat off the Titanic. We’ve been able to build about a 200k net worth, about half of which is home equity.
Day to day expenses are getting tougher, however. We’ve never had a car payment but our older kid has started school and that has put a strain on us since he goes to a private Christian school. I’ve worked in education and I consider sending a kid to public school to be akin to child abuse.
It feels harder and harder to save and invest. Just making ends meet with two kids in this red state feels like a Herculean task. Wondering if anyone else feels the same way.
Single income two kids. Only danger is spouse's health problems. I've no idea what ill make this year, 120ish probably. Pushing everything to get a down payment so we can move to a house that doesn't suck. If you count the time I spend doing dishes instead of making money right now, we could be at 150 easy. This'll be the first time in.....6 years I've stayed at a single job for 12 months.
Car is paid off now, own 50% of the house at this point. Turned 30 this year. Can't complain.
Youre doing great. Those are good numbers for 30. I'll pray for everyone here but I'll pray for your wife's health too.