trimming the fat - our budget

[steveaz67]

You seem to be pretty lean. You do have to enjoy life as well.

[KTP]

You seem to be pretty lean. You do have to enjoy life as well.

There are a lot of people living on less than we spend so I am not going to complain about our semi frugal lifestyle. We also have a lot of accumulated stuff like paid for car, truck, sailboat, motorcycles, camping gear, bikes, etc. etc. from past years when we lived excessively which make the transition into a simpler, cheaper lifestyle much easier to bear. I really really have to get on the ball and sell some things soon actually...sometimes I feel like we are drowning in junk.

[MonkeyMama]

You seem to be pretty lean. You do have to enjoy life as well.

It's all relative. Somehow I don't get the feeling that KTP is not enjoying life. Likewise, when you save that kind of money, it's not set in stone. He can change his mind tomorrow if he so chooses, and he can go a little hog wild. I just don't see anything bad about his current situation.

[BuckyBadger]

Yearly into investments:
401K $20000
IRAs $10000
Taxable Saving $62000
Mortgage Principal Extra $7200
__________________________________
Total Yearly Saving: $99,200
% of Gross = 50.6%

Question:

Since your 401k total is over $16500 per year I'm assuming that two spouses are contributing. If you also have $62k a year going into taxable involvements, why aren't you maxing out both 401k accounts? I would max out tax advantaged accounts before putting more into taxable accounts...

But yes, of course you're doing well!

[couchrobt]

You seem to be doing just fine. You are able to cover all expenses and yet still save. Ain't that just the main purpose of working our ass off? To pay all expenses and yet save. All good.