That is my current family plan, no mortgage (since rent is cheap and it does not tie you down a lot of it is mental rather then purely monetary). For kids, I am not slaving away so they can party at college for 4 years. Disclaimer. I do not have kids yet(have wife) so who knows maybe they screw with my head enough to change my mind. I have enough example of nutty parent friends who whine about how their work sucks but they got to have the paycheck!