My DH and I are attorneys. I work for the government so I don't make much as far as attorneys go. My DH has his own practice so his income varies.
Our property values in Hawaii are high so our mortgage is too.
Other than the mortgage we only have one other debt - a car payment. Our other car is paid off and hanging by a (tire) thread.
We pay for DS to go to private preschool.
We also have a college fund for DS, I have retirement accounts, and we have a modest savings.
We do not live luxuriously. We think out every major purchase we make.
When we go on vacation, my mom and I search high and low for values. We use our frequent flier miles when we can. We scrutinize every aspect of our itinerary and often make changes when we find better deals.
Even though we talk about staying at a Deluxe resort or even just any Disney resort, when I look at the values I can get off-site, I just can't get myself to spend the money to go on-site. When we can get a suite with free full breakfast for less than the price of a moderate or the DL hotel, we take it and are more than happy there.
I have other friends who live off their credit cards. I'd rather drive a Toyota rather than a Lexus and stay at an off-site hotel rather than the Grand Californian than have tens of thousands of dollars in credit card debt. (JMHO)
This is a great thread. I am glad it was revived!
Thanks!
