Occupation: Natural resource specialist
Industry: State government
Age: 42
Location: Montana
Salary: $81,000
Joint income: My husband, C., is 51, in the same career field as me and part-owner of a small business. He makes a $100,000 base salary, and at the end of the year also takes his portion of profits, usually ranging from $30,000 to $70,000. The low end is almost a sure bet, so we consider our joint salary to be roughly $210,000. We also get $12,000 a year in rent at our rental house, which is mostly offset by its bills. I keep the rent purposely low so we can be picky and keep long-term tenants. We put all income into one joint pot and allocate all spending and savings from there.
Assets: My retirement: $290,000; C.’s retirement: $615,800; credit union savings and checking: $21,000; additional savings account (used to pay business loan etc.): $74,600; Wealthfront HYSA: $40,400; investments: $55,700; kids’ 529s: $38,000; house value: $600,000; rental house value: $250,000; my car value: $6,500; C.’s car value: $12,500; C.’s portion of business value: $237,500; C.’s portion of office building value: $187,000.
Debt: Mortgage: $229,300; rental mortgage: $72,000; C.’s business loan: $54,000; C.’s portion office building: $104,200.
Paycheck amount (1x/month (me), biweekly (C.)): $4,600 (me); $2,900 (C.).
Pronouns: She/her
Industry: State government
Age: 42
Location: Montana
Salary: $81,000
Joint income: My husband, C., is 51, in the same career field as me and part-owner of a small business. He makes a $100,000 base salary, and at the end of the year also takes his portion of profits, usually ranging from $30,000 to $70,000. The low end is almost a sure bet, so we consider our joint salary to be roughly $210,000. We also get $12,000 a year in rent at our rental house, which is mostly offset by its bills. I keep the rent purposely low so we can be picky and keep long-term tenants. We put all income into one joint pot and allocate all spending and savings from there.
Assets: My retirement: $290,000; C.’s retirement: $615,800; credit union savings and checking: $21,000; additional savings account (used to pay business loan etc.): $74,600; Wealthfront HYSA: $40,400; investments: $55,700; kids’ 529s: $38,000; house value: $600,000; rental house value: $250,000; my car value: $6,500; C.’s car value: $12,500; C.’s portion of business value: $237,500; C.’s portion of office building value: $187,000.
Debt: Mortgage: $229,300; rental mortgage: $72,000; C.’s business loan: $54,000; C.’s portion office building: $104,200.
Paycheck amount (1x/month (me), biweekly (C.)): $4,600 (me); $2,900 (C.).
Pronouns: She/her
Monthly Expenses
