Reply to DH is a new big law partner and I have no clue how to budget

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[quote=Anonymous][quote=Anonymous]Here’s what we do, OP.  We use DH’s regular pay checks for our general day-to-day and month-to-month expenses.  We keep a separate checking account for tax payments, and immediately transfer all of his quarterly distributions there to cover the quarterly tax payments.  When we get his year-end distributions, they go into the tax account as well at first.  Once our annual taxes are done and we have the quarterly estimates, we leave a small cushion in the tax account for the following year’s quarterly payments, move all of the extra back into our main account, and then make a plan for the remainder of the past year’s distributions.  This is when we make annual contributions to the kids’ college funds, earmark money transferred to savings for vacations for the coming year, major home projects, and any other significant outlays we anticipate outside of our usual expenses for the coming year.  The remainder goes into investments. [/quote]

Oh that’s great! Do you do 529 contributions monthly or annually? [/quote]

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