Industry: Litigation
Age: 51
Location: Denver
Salary: Me; $129,225 (base) + ($28,525 bonus); partner’s salary: $137,000 on average.
Household Income/Financial Setup: $294,750. My partner, L., is a therapist and also receives oil and gas royalties each month, so her salary can fluctuate. Each month we each put $3,000 into a shared account to pay all the household bills: mortgage, groceries, streaming subscriptions, utilities, trash and internet. We also have a joint credit card we use for any joint expenses like going out to eat. I did not track L.’s purchases this week (unless they were joint).
Assets: Joint savings account: $11,000; my individual savings/checking account: $8,000; L.’s savings account: $28,000; my 401(k): $690,000; L.’s 401(k): $2.3 million; my HYSA $94,000 (this is high because I will need to pay for prep school soon to receive a 5% discount for the next school year for my son); my pension from previous job: $46,000; my Roth IRA: $3,000; my son’s 529: $70,000. House: worth $830,000. L. owns land in Texas worth $2-$3 million (she owns 350 acres and it increases in value every year). Cars: mine: $34,000; L.’s: $72,000.
Debt: Mortgage: $410,000; L.’s car loan is $18,000.
Paycheck Amount (biweekly): Me: $3,075; and a yearly bonus (20-25% so it averages around $28,000). I don’t know L.’s paycheck details.
Pronouns: She/her
Monthly Expenses
Housing Costs: Our mortgage payment is $2,710 for a three-bed, three-bath house purchased in 2020 (but we pay $700 extra each month).
HOA: $295 (L. pays this because I cover the family insurance, but it includes pool and access to lakes in our community as well as lawn maintenance and snow removal).
Loan Payments: $0. My car is paid off and I do not have any student loans. I do not know what L. pays on her car loan.
Utilities: $100-$200 (depending on the season).
Water: $25 (average).
Trash: $15
Family Health Insurance (Health, Vision, Dental): $109 deducted from each paycheck.
401(k) Contributions: $1492 (15% of my paycheck and a company match at 6%).
Car Insurance: $517 for six months for K. and me (I am not sure how I got such a great deal but I do not drive much and I am charged by the mile and K. just started driving but I will take him off my insurance when he goes away to prep school. L. pays $183 per month.
Netflix: $32 (we share with my mom).
Hulu: $89
Phone: $25 for my son. My work pays for mine, L. pays $108 a month.
Internet: $79
Cleaning Fee: $130 (L. and I take turns paying each month).
Athletic Greens: $170
Yearly Expenses
Sewer/Sanitation Bills: $650
Chase Card: $65
Travel Hockey: $18,000 (which I pay, but can vary) K. plays high-level travel hockey and yes, it is expensive, but this covers an eight month season and 10 trips out of state.
