Industry: Healthcare
Age: 32
Location: Bay San Francisco area
Salary: Base and bonus $ 170,000 $
Common Income/Financial Installation: $ 715,000. My bonus last year was $ 70,000, but it can be very variable. My husband, J., is a doctor and makes $ 475,000 a year. We share all our finances and our salaries go directly to our common accounts, which we use to cover all costs. We still have our personal accounts, which we both maintain at a minimum level, but otherwise they do not regularly deposit money.
Real Estate: Primary Equality at home: $ 1,000,000; Total savings and control: $ 53.900; My total retirement accounts (401 (k), 503 (b), etc.). $ 110,000? Total money market/investment/stock markets: $ 96,000.
Debt: Mortgage: $ 1,400,000. Car: $ 28,700; J: $ 20,000 student loans.
Amount of Paycheck (2x/month): $ 3,900 (after taxes and 401 (k) contribution).
Prophets: She/her
Monthly expenses
Housing Cost: Mortgage: $ 11,800
Home maintenance: $ 675 (cleaner, landscaping, pest control, etc.).
Services: ~ 150 $
Loan payments: J: $ 1,024 student loan? Payment of a car loan: $ 781.50.
WiFi: 65 $
J.: J.: 223 $
Car Insurance: $ 151.60 $
Classpass: 20 $
Nuuly: $ 107 (clothing rental service).
Peloton: 130 $
Mobile Phone: $ 0 (we are both in the plans of our respective family so that our parents will pay).
Home Alarm System: 33 $
Flow services: $ 0 for Hulu and Netflix – they share between friends and family. We provide HBO max (without previous employer).
401 (k) Contribution: $ 1,830
Was there an expectation for you to attend higher education? Did you participate in any form of higher education? If yes, how did you pay for it?
Yes. My parents are immigrants and higher education as a way of building success in the United States. They both went to college and my dad went to a very competitive postgraduate program, despite his humble principles and had to support himself financially through it. I went to a private undergraduate program and medical school and I was extremely lucky that my parents paid for most of it.
Growing up, what kind of conversations did you have for the money? Does your parents train you on finances?
Both of my parents are self -employed in the same industry, so they often talked about their work and compensation. However, I do not think they have ever determined me and taught me how to design a budget and stick with it or other practical tips.
