Here is an updated picture with actuals from YNAB and reflecting some of the changes we've made. I think it will be helpful to me to see where we've made progress and where we still have progress to go. I've reflected the way our paychecks will look in December, when our benefits switch over to DH and I get my first paycheck from the new job.
Gross Salary/Wages: Spouse 1: $155,000 $167,400 + 12% bonus (new job, so he hasn't gotten the bonus yet and it is not included below)
Spouse 2: $74,714 $84,000
Net Salary per paycheck (biweekly pay):
Spouse 1:
Gross Salary - $5,961.54 $6438.46
Taxes - $1,515.23 $1593.09
401k - $834.62 $695.35 (employer matches 7.5%)
ESPP - $889.73 $965.77
Health and Dependent Care FSAs - $95.24 $211.46 (moved from Spouse #2's daycare plan)
Medical/Dental/Vision - $18.03 (Covers Spouse 1 only) $136.06 (family coverage)
Transit - $30
Net Pay - $2,578.69 $2,806.73
Spouse 2:
Gross Salary: $2,873.60 $3230.77
Taxes - $359.91 $621.27
403b - $689.66 (Employer matches first 3%) $691.38 (employer matches first 5%)
Health and Dependent Care FSAs - $314.58
Medical/Dental/Vision/LTD - $187.43 (Covers Spouse 2 and the children)
Net Pay - $1,322.02 $1918.12
Total Monthly Income:
Wages: $8,451.54 $10,237.18 (paychecks x 26 / 12)
ESPP sales: $2,104 $2,092.77 (we sell immediately to bank the gains from the 15% discount, and use it as general income)
Daycare FSA reimbursement: $417
Total income: $10,972.54 $12,746.95
Expenses: (August to October actual averages for most categories except where prices are fixed)
Housing
Mortgage + HOA - $1,510 $1579 ($934 principal and interest, $576 $645 taxes, insurance, and HOA)
Storage Unit - $70
House Cleaner - $220
House maintenance - $214 (I'm still setting this much aside in YNAB, actual has been $32/month)
Utilities
Cell Phone - $57 (One Verizon 2 gb plan, spouse 1 has phone through work) $30
Internet - $50 (Lowest available non-contract price)
Natural Gas - $65 $51
Electricity - $63 $83
Transportation
Gas - $35 $42
Car Insurance - $24
Bike share - $17
Auto maintenance/replacement fund - $150
Kid Expenses
Daycare - $3,033 $3,360 (our actuals were higher than budgeted, it should be slightly lower than this on an ongoing basis)
Babysitter - $100 $45
College savings - $200
Health/Insurance
OOP Medical - $180 (actual spending above Health FSA from last year, may be lower this year) (haven't spent outside the FSA)
Umbrella Insurance - $13
Life Insurance - $163
Debt Service
Student Loan #1 - $483
Student Loan #2 - $143
Discretionary Spending
Groceries - $598 $613.12
Restaurants and food away from home - $783 $393
Alcohol - $83 $46
Amazon/Target - $748 (this includes some groceries and alcohol not tracked separately, household supplies, baby formula, kids clothes, and all “other”. I know I need to break it out better)
Baby and Kid Supplies - $154.53
Kids' Clothes - $103.40
Kids' Toys and Books - $15.13
Gifts - $77
Pet Food and Litter - $43.84
Pet Medication - $12.48
Pet Sitting - $35
Parking and Tolls - $60
Spending money - $600 (budgeted, covers adult clothing, hair, hobbies, anything else not in the budget, actuals are lower because I don’t spend my whole allowance)
Travel - $625 (budgeted, three trips east to visit family for holidays, one big vacation every other year, small local trips, actual was right on last year) $425.38
Vet - $83 (budgeted, actual has been lower but we have two ancient cats and expect it won’t be low forever) $42.84
Christmas - $115 (per month, based on actual spending last year, including tips/gifts to service providers)
Technology Replacement - $29
Charitable Giving - $300
Entertainment - $30 $18.87
Total Expenses - $10,784 $9,951.59
Assets:
Condo - 2 br, worth about $360k, outstanding mortgage of $185k $184k, so about $175k in home equity
Roth IRAs - $75k $76k
Tax advantaged retirement accounts (401k/403b) - $183k $216k
Taxable investment account - $77k $83k
Spouse 2's random investment account - $1,904 $2,308
Cash savings - $26,851 $18,934
Checking - $5,689 $6,949
Car - $1000 (2003 Toyota Corolla, in fair condition)
Liabilities:
Mortgage - previously mentioned, balance of $185,080 $184,183, interest rate 4.125%, 28 years left, minimum payment $934
Student Loan #1 - $29,790 $27,862, interest rate 4.0%, 6 years left, minimum payment $483
Student Loan #2 - $9,050 $3,581, interest rate 3.0%, 6 years left, minimum payment $143