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][quote=Anonymous]The best way to budget is to know all of it-- it doesn't mean that you both can't track things, but you need to know the full financial picture, including taxes. We tried this divide/conquer, but it doesn't work well.

I would stay at your same spending rate for a year until you get your arms around bonuses, stock, taxes, etc. We got less excited about DH's big raises when we realized they launched us into a much higher tax bracket and our take home was smaller than we thought. [/quote]

This. You don’t have any more money. Likely quite a bit less. It’s what it is. And no tax deductions. [/quote]

Ha well this is why I want to know how much I have! The comment about a raise was just to say that the raise contributes even more to my confusion. I know it’s a little confusing but I’m not talking about a raise from last year, I’m talking about a raise from the year before which I do think makes it so take home pay is more than it was in 2020. So I don’t think there is more than last year, just more than 2020.

But ultimately it doesn’t matter because I haven’t known what my “spending rate” (in terms of dollar amount) was for years, just that it has always been well within our means based on our financial goals. And I won’t know whether this year it’s more or less or the same. And I don’t think that it matters, I just want to keep spending well within our means. [/quote]

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