Occupation: Senior manager, clinical trials
Industry: Pharmaceuticals
Age: 31
Location: Boston, MA
Salary: $175,000 + annual bonus (this year it was $36,000) for a total income of $211,000. Wife’s salary: $120,000 + 7% annual bonus.
Assets: Checking: $20,000 in individual and joint accounts; high-yield savings: $85,000 individual and joint, $75,000 in wife’s accounts; investments: $30,000; 401(k): $160,000; wife’s 401(k): $210,000; 529: $4,282; car: $22,000; home equity: $159,770. We use a “yours, mine, and ours” system for our finances. We both contribute the same percentage of our paychecks into our joint account (70%) and then the rest (30%) to our personal accounts. This way, we have some of our own money for gifts and individual purchases like clothes, going out with friends, etc.
Debt: Mortgage: $382,730
Paycheck amount (biweekly): $3,870; wife’s paycheck: $2,700.
Pronouns: She/her
A Week In Boston On A $175,000 Salary
