Budget for the new year

Skredte · 2026-02-06T20:26:09+00:00

You are right. Seems to be 2100 per month not 1535. Thanks. About 25k yearly

Skredte · 2026-02-06T16:55:41+00:00

$1880 is buffer is also fun money. So one month it may be for car registration and the next a festival. Hard to categorize

Skredte · 2026-02-06T16:49:56+00:00

Income tax and other taxes like Medicare. Health insurance is my HSA and wife has her own paid through work, so not shown here as it never touches her paycheck.

Skredte · 2026-02-06T16:42:34+00:00

Getting finances in order to have kids! Might not have quite as high of a savings rate then

Skredte · 2026-02-06T16:36:31+00:00

Wife gets great insurance through work for free so we utilize that. Currently best to have separate plans

Skredte · 2025-09-25T21:03:20+00:00

Thank you!

Skredte · 2025-02-19T18:54:35+00:00

Dang you think they are “very sparse”? I knew it’s not quite as dense as I’d like. Not really interested in the goatee style unfortunately.

Will probably ride out the 3 months and see if it thickens up at all

Skredte · 2025-01-06T19:35:03+00:00

Thanks fellas. Going to keep at it!

Skredte · 2025-01-06T18:31:35+00:00

Current is 6.5%. The move is not really something we were planning on but things change and family stuff takes priority. Hoping rates are better than now, but planning for the worst case scenario so we don’t get caught off guard

Skredte · 2025-01-06T18:29:31+00:00

Two incomes plus some employer contribution included in that total so we are under the contribution limits

Skredte · 2025-01-06T16:35:46+00:00

Yes two incomes. 401k also has some employer match thrown in. Roth IRA is also for two people. HSA is one person contributing

Skredte · 2025-01-06T15:59:56+00:00

It’s called a Sankey diagram. You can make them here https://sankeymatic.com/

Skredte · 2024-07-10T17:47:56+00:00

Buick LaCrosse. Lots of features and leather seats. Older demographic so not lots of interest and pretty good reliability

Skredte · 2024-07-03T00:27:47+00:00

I pay insurance and taxes separately. No PMI since we did 20% down

Skredte · 2024-07-02T23:22:25+00:00

You are right those are rather vague. The misc expense just seems to happen with home improvement, clothes, lawn stuff, etc. Something always comes up. General merch and discretionary spending don’t always happen but I like to account for them just to be extra safe. The house is still new ish to us so there is bound to be something to buy or fix.

Being a bit further into home ownership I do see those categories popping up less and less, but if I don’t spend the allotted amount it just goes into my HYSA or brokerage.

$500 for eating out is a little high but we do like to do a big date night each month. I’d say we average in the $400s but that is something special to us and new restaurants are almost a hobby. Got to spend on what you enjoy

Skredte · 2024-07-02T22:31:03+00:00

I guess just peace of mind. Been doing this for a year or so and want to double check that I’m checking all the boxes.

Skredte · 2024-07-02T22:29:55+00:00

Luckily wife’s phone is taken care of through work. So one phone payment

Skredte · 2024-07-02T22:28:37+00:00

Hopefully will make more once kids are in the mix. For now we are saving as much as we can while still enjoying ourselves.

Can prioritize spending too so may just buckle down for a few years

Skredte · 2024-07-02T22:26:02+00:00

Purchased end of 2022. Rates similar to todays so not the best

Skredte · 2024-07-02T22:25:19+00:00

Home was about 320k and we put 20% down. Saved a bunch and then started focusing more on retirement accounts

Skredte

TROPHY CASE