One-income family for 4. We are 34 & 35, and our kids are 5 & 2. I'm a CPA working as a corporate financial analyst, and my spouse is a stay at home parent. I've always been pretty good at tracking things and doing the right thing financially, but I want to do better and keep things in check as my family's needs change. Started YNAB after getting it through their black friday sale, so I hope it's a good tool and conducive to improvement. I think it will be.
My 2013 Salary was $88,825 and I received a bonus in Feb of $6,565. (Bonuses are paid in Feb for the prior year's performance.) About 15K goes to taxes, and my after tax pay is about 80K at this point. Current savings rate is about 47%, we max out my 401K and our Roths each year. Starting to save for college, too.
Here is our 2013 spending. Caveats- we have a week and a half left in the year, so there's a tiny bit of estimation here. Plus this is pulled straight from yodlee, so I haven't checked all the categorization, but this should be pretty close:
Category
|
Annual Spending
|
Monthly Average
|
Rent
|
14,400
|
1,200
|
Groceries
|
5,578
|
465
|
Utilities
|
4,469
|
372
|
Education
|
3,769
|
314
|
Restaurants/Dining
|
2,930
|
244
|
Gasoline/Fuel
|
2,723
|
227
|
Insurance
|
2,094
|
175
|
Child/Dependent Expenses
|
1,148
|
96
|
Automotive Expenses
|
912
|
76
|
ATM/Cash Withdrawals
|
673
|
56
|
Clothing/Shoes
|
425
|
35
|
Entertainment
|
395
|
33
|
Hobbies
|
387
|
32
|
Gifts
|
377
|
31
|
Travel
|
273
|
23
|
Home Maintenance
|
182
|
15
|
Personal Care
|
182
|
15
|
Charitable Giving
|
173
|
14
|
Pets/Pet Care
|
51
|
4
|
Office Supplies
|
34
|
3
|
Home Improvement
|
24
|
2
|
Electronics
|
3
|
0
|
Total are $41,200 annually, $3,433 per month.
As of November, our net worth is as follows:
Cash: $146,551
Non-retirement investments: $35,275
Retirement investments: $280,005
Total Net Worth: $461,831
(I don't include personal property. We have 2 cars and less stuff than most people, but still more stuff than we need. The cash is for a house. One day soon, hopefully. So we are renters for now. No debt.)
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