Reply to Singel parent on $228K income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, I'm the 12:04 poster and it is interesting that 11:57 and I came up with much the same suggested amounts for your budget - car repair, birthday/christmas, etc.[/quote]
I am 1157 and yes, they are similar although I think yours may be a bit more restrictive.

OP- I will say that I think you have WAY more disposable income than you think you do considering your monthly after retirement, housing, utilities, car, student loans, insurance, travel/camp is 2500, not 2k. That 500 makes a big difference and you are forgetting the two paychecks that arent accounted for in the biweekly calculations. Biweekly calculates 24 paychecks but there are 26 per year. That right there is an additional 9-10k. If you have FSA dependent and healthcare and are maxing those then you also should be getting 8k reimbursed. 
You arent tracking every dollar. [/quote]

Ok thanks. So those 2 paychecks will go straight to 529. And  you’re right about the FSA. Next year though I want to do an HSA and have that go towards retirement. It still feels like there’s not much left over monthly for cash flow after filling these not very optional buckets.[/quote]

I would definitely discuss that with your accountant  :lol: Is a high-deductible plan the only option? How many kids?

The not-options buckets need limits. I am a spender and can easily keep swiping the card and finding reasons to buy things that we need but maybe not in the quantity or price point that befits my disposable income. 
What is the $100 pharmacy line item btw? 
Also on a year that you don't use the 5k in car repairs, keep half in the car repair bucket and move the remaining to savings for a new car. 
When are your student loans paid off?

Positively, I think you have great limits on grocery, gas, insurance, vacation, utilities, etc. You are saving 30k per year for retirement. I would look into changing cell phone plans personally but again, it isn't clear how many kids you have. Paying $100/mo is ridiculous if its one person only. Google Fi is like $50-65.  You may need to find lower cost summer camps and/or limit travel to EOY. Its really hard to tell whether your costs are in line with the number of kids or not. [/quote]

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