Under 30, living in DC, currently apartment hunting. I know buying would mean a lower monthly payment, I think almost everyone knows this from the endless ads about low low LOW mortgage rates but most people don't have this part: "So we both have been saving for many years and are both fortunate to not have student loan or other debts. We didn’t do extra saving specifically for a house, but rather just realized that we’ve got the money now to move forward with a purchase."
Have you heard of the Stand With app? It is a good way to direct people who are all "how can I help?" it was developed for cancer patients but works for a lot of chronic illnesses. http://www.fastcompany.com/3030134/most-creative-people/standwith-is-fuck-cancers-solution-for-people-who-ask-how-can-i-help
I mean, jeez it is not like they're millionaires! Or, they don't make millions, they just have assets totaling millions, which is different. Something something Hunter boots? That whole thing was a mess.
@Daniel_anon Kindergarten is actually pretty low stakes. Especially with a stay at home parent, I'm pretty sure your kid will learn to read if they don't already know. But, it sounds like you're planning on sticking with selective private schools. Please consider how that builds a "foundation" of privilege and exclusivity.
@halfheartedyoga I feel the same about public schools! Involved communities is what make schools work. I'm guessing this family isn't the only one in the neighborhood that send their kid to a private school considering they said they pushed themselves a little financially to get the house they're in (unless they bought the most expensive house in the neighborhood which is never a great idea). I wonder what the public schools would look like if all the people who actually lived there attended.
This was really moving. I'm so glad you got those pictures done.
@andnowlights Aren't the Roth limits $6000 for 2015?
@CeeEm Good work. Soon you'll have more in savings!
I'm paying off a student loan, hopefully by the end of this year. December 2014: $8600 Today: $7759