Occupation: Program analyst
Industry: Government
Age: 36
Location: Detroit suburbs
Salary: $150,000
Joint income: ~$350,000/year. My husband’s salary is $150,000 base plus commission, which is usually around $50,000 per year (but can be more or less). We split our finances evenly, and I manage our finances and household budget.
Assets: Checking: $10,000; HYSA: $35,000 (until two months ago this was $350,000, but we just purchased our first home and most of our savings went toward the down payment and closing costs); retirement investments (a blend of Roth IRAs, 401(k)s, and brokerage accounts): $700,000; HSAs: $28,000; 529: $5,000 (although I don’t consider this to be our money but rather our daughter’s).
Debt: $900,000 left on mortgage. No other debt.
Paycheck amount (me: 2x/month; my husband: monthly): $3,600 for me. My husband, J., is paid monthly (anywhere from $7,000 to $12,000, depending on commission).
Pronouns: She/her
Industry: Government
Age: 36
Location: Detroit suburbs
Salary: $150,000
Joint income: ~$350,000/year. My husband’s salary is $150,000 base plus commission, which is usually around $50,000 per year (but can be more or less). We split our finances evenly, and I manage our finances and household budget.
Assets: Checking: $10,000; HYSA: $35,000 (until two months ago this was $350,000, but we just purchased our first home and most of our savings went toward the down payment and closing costs); retirement investments (a blend of Roth IRAs, 401(k)s, and brokerage accounts): $700,000; HSAs: $28,000; 529: $5,000 (although I don’t consider this to be our money but rather our daughter’s).
Debt: $900,000 left on mortgage. No other debt.
Paycheck amount (me: 2x/month; my husband: monthly): $3,600 for me. My husband, J., is paid monthly (anywhere from $7,000 to $12,000, depending on commission).
Pronouns: She/her
Monthly Expenses
Housing costs: $6,500 mortgage payment (includes property taxes and insurance which goes in an escrow account).
Loan payments: $0
Childcare: $1,400
Gas and electric: $150
Phone: $110
Water: $150
Internet: $50 (my husband’s work pays for more than half).
Subscriptions: $40 (Netflix and Spotify — we pay for my parents’ Netflix account, too).
Car insurance: $110
529 contributions: $50
HYSA: $2,000
Annual Expenses
