https://i.imgur.com/f0t2TaW.png
I enjoy some voyeuristic PF, and hopefully you do too, so I'm posting every dollar our family earned and spent in 2018 in the Sankey chart above. I hope by sharing it here I can get some advice on where we could do better in 2019.
We are a family of four living in the CA Bay Area. In 2018, our first daughter turned 3, and our second daughter was born! I took 6 weeks off work for that and my wife and I both turned 30. I am a software developer at a government contractor, and in all of 2018 my wife was a SAH Mom. She was a preschool teacher, so we're not missing out on a huge income there.
I feel like we did great on savings in actual dollars, but only okay by percentage, and we still managed to light quite a bit of money on fire with some stupid spending. At year's end, net worth was basically broken down as such: $97k retirement (mostly VFIFX), $27k emergency fund (Ally 2%), -$7k student loans (3.15%), -$6k sports car loan (2.19%, Porsche Boxster), -$18k minivan loan (2.89%, Chrysler Pacifica).
In 2019, base salary is going up to $133k. We plan to save the $19k 401k max, another $1k to Roth IRA, cut back on some spending categories, and start what will be a multiyear quest to save a Bay Area-sized down payment. A.k.a "an entire damn house in a more sane real estate market" payment.
Submitted January 22, 2019 at 08:52PM by kobo1d http://bit.ly/2R7ZUoq
