@Phil K. Okay, come on. I'm from Detroit. Have you ever been there? Do you know what that desolation looks like? It's heartbreaking and I wish it didn't exist -- not because I want to be shielded from it, but because people shouldn't have to live that way and so many there don't have the option to leave.
@whizz_dumb Maybe keep reading. I mentioned three charities we donate to regularly and didn't mention the hefty payroll deductions we both set up through work (an uninsured patient-needs fund and the United Way), plus all the college funding we're doing for our young family members. It's not to assuage my guilt, though, it's because it's the right thing to do.
@MalPal That amount of student loan debt is not that massive or uncommon these days - and ours is for two people/four degrees. Talk to a physician or a lawyer about their one-person amount of debt! We started behind the 8-ball financially, definitely, and this amount of income is new for us, so we're still trying to get our footing. The debt hasn't kept us from buying a home or having good credit, at least. Yes, it sucks and I don't like it, but it'll be gone by the end of the year. And a net of $160k still seems like a lot of money to me.
@AnnieW I know, and that's why I felt so bad about the whole thing. But that still seems like an absurd amount to spend on sheets and duvets! I have learned my lesson on that one -- nobody gets to be that fancy-free except maybe Bill Gates.
@readyornot It is. Also it's a Herman Miller joint... I think I attributed it to Steelcase incorrectly? Regret the error.
@newyorkscutestreporter yup. And you don't sound like a jerk! *I* said I feel uncomfortable there. A little bit of imposter syndrome, for sure, which goes to your point of class vs tax bracket.
@stuffisthings "Time value of money" is a phrase that my husband and our financial adviser use a LOT to explain moves that, on a gut level, don't make a lot of sense to me either. But once they explain the way the interest breaks out it makes more sense. But I'm just a statistician; I'm not too good with numbers.* *statistician joke. sorry.
@readyornot I don't know about the others, but I volunteered. I'm just taking pains to be anonymous so that I can be as honest as possible without worrying about alienating friends or family. I also think this is a really interesting series and, with the awareness that my situation is pretty uncommon, wanted to contribute.
@MaxBraverman Ha! I caught that too. What can I say, I love their workout clothes. They fit me better than the Lululemon uniform that is probably expected of me. Both companies are the worst, so I'm on the lookout for a more ethical yoga pant.
@Sincerely, Jane I'm sorry for being vague. We have a few grand in our regular bank's savings account for easy access and yeah, that interest rate blows, but the bulk is not languishing at 0.5% or whatever -- there is some in a money market and some in another investment account (the type is escaping me right now) that our financial adviser manages and they are both doing surprisingly well, I think a little better than 7% although I haven't checked recently. The student loan interest wasn't a huge issue in the past but now that we make "too much" to deduct it (boo hoo hand me that gold-leaf tissue), it's become a higher priority to pay off at least my student loans so we aren't allocating things in a way that costs us rather than makes us money.