All I know is about 20% goes to Daycare for two kids. Rough breakdown: 20% Daycare 20% Retirement 20% Home/Mortgage 10% Savings/Investments 07% Food/Necessities 05% Cars/Transportation 05% Travel 03% College Savings 03% Utilities And that leaves roughly 7% for fun stuff, clothes, entertainment, home improvement, stuff for kids, etc.
Thanks! We're very proud parents. As for the chronic pain, I've been dealing with it for a long time, and as you can tell, it doesn't stop me from posting here.
If only... One day there will be a crisis regarding the number of people who don't have pensions and didn't properly fund retirement living purely on SS. I mean, there are plenty already faced with it, but it will become a national crisis. But heck, maybe they can take out a reverse mortgage to get by.
Take home: $2,340 (12% to retirement, health and dental insurance, and taxes out) Rent: 650 Food: 450 Car: 235 Utilities/Netflix/etc.: 120 Car Insurance: 100 Phone: 40 Usually end up saving around $500 unless something crazy happens.
My significant other, a former state executive, put in 30 years and retired just before they started changing the benefits in a big way. The state government of Texas has been wildly irresponsible with the funding of pensions for many years now. It didn't use to be that way. State employees typically work for a lower salary than they could make in the private sector because of the benefits. A huge amount of "institutional memory" walked away because of the Legislature's stupidity. Those are the folks with deep experience who know how things work and insure that the knowledge gets passed on to the newer employees. It has cost the state dearly, in my humble opinion.