Re: [you], what is your Total annual household income?
My target at mid cycle is to stay debt free and spend not more than half monthly household income, and pay for luxury items or vacation using investment gains.
I think absolute income level is not an issue, it is what one does with it. My saving rate is highest when I was in NS.
It helps that I am not a fan of Boss and my wife is not a fan of Prada or Gucci. Goldlion shirt/pants and Esprit bag are enough to keep us happy.
The only item I splurge on so far is the bimmer which I would say is worth every cent
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