They live in an area that is too expensive.
When driving through large cities, I don't ever go into the fast lane.
There are dangers of a flat tire, or other mechanical failures which would put
your life in danger. When employed, I don't go into the fast
lane either. I pay off an older car, and learn how to maintain it. I buy a
modest house, and pay a year ahead with payments.All else! If you
can't pay it off, then don't buy it, and always be prepared for
emergencies. I'm a coward! I fear the fast lane, and debts.
I'm impressed that these guys have 200k saved for retirement already and
also have limited debt. I think they would eel a whole lot less financial
pressure though if they unloaded those expensive vehicles. Why drive a gas
guzzling tahoe when you only have two kids? Sell that and the Chevy Cruze and
buy two 8 year old Honda Accords. You will be freed from those payments and gas
prices. When I was maing 45k a few years back I felt loaded, but my care was 10
years old. Now that I make quite a bit more than that it would be hard to
downsize, but really the houseand cars are the biggest change.
Having to watch every penny? Welcome to the world that most of us live in all
the time!(Sisucas, good comments BTW.)