Reply #46: Right now we are doing all that... [View All]

[mad-mommy]

"My point about income was just that. Can you put a roof over your family's head, provide adequate food, clothing, health care? Then, can you help provide for your family's education? These are the basics."

Right now we are doing all that, with exception of family education. We really don't need all the extras, and we don't center our life around having things. Our kids are still very young, I do predict we will be taking out loans for college. We live on the edge because there is no disability insurance through work, and we can't afford to buy our own plan. There is very little saved or invested. And when we retire, who knows what social security there will be. Yes, we are making it, but if just one life event happens, things would change quickly. What will happen when we reach retirement age? That is the scary part. I wholeheartedly agree with you too many people live outside of their means...but what about the people living within, but are so close to devastation? People like us can become the burden of the people who are still lucky enough to be working and making it.

Sometimes I think we should just live outside of our means and live it up on credit and at least have a little fun.