I’m 41, Make $159Ok a 12 months, and My Accomplice and I Dwell in DC


Welcome to YNAB Cash Snapshots—the place you see an actual image of another person’s finances and funds. They’re all nameless, as a result of sharing cash continues to be a squirrelly subject for a lot of, however we predict airing them out within the open makes you higher with your individual cash story. 

As you learn these budgets, needless to say some individuals make plenty of cash and a few individuals make just a little bit of cash, however we all know it’s what you do with that cash and the way you really feel about that cash which means greater than any yearly wage. 

See how a software program guide in Washington DC making $159,000 a yr spent his cash in April.


  • Identify: Tony R
  • Age: 41
  • Location: Washington, DC 
  • Job: Software program Guide
  • Dwelling state of affairs: I dwell with my associate, G; he and I are engaged. We hope to undertake a pet quickly!

Earnings: $159,000

Financial savings: $32,000

Debt: $700,000

  • Mortgage 1 (Main residence): $454,000
  • Mortgage 2 (rental): $246,000

April Inflows: $9,343

  • Payroll: $6,384
  • Accomplice G’s Mortgage Contribution: $900
  • Cell Verify Deposit: $9
  • Rental Earnings: $2,050

April Spending

G and I largely handle our budgets individually. He makes use of a distinct budgeting program (for now), so we handle our funds individually. I earn about 3x what he does (he works for a non-profit), so I find yourself taking over 2/Three of our dwelling bills.

My Financial savings Classes

Proper now my prime financial savings targets are:

  1. Saving for an emergency fund (my Emergency Fund class and my Pershing Brokerage class are bundled collectively for my full emergency fund of 3-6 months dwelling bills)
  2. A visit for my associate’s 30th birthday
  3. A cruise as soon as lockdown is lifted
  4. Our marriage ceremony! We bought engaged final August in Thuya Gardens (in Maine). We’re ready for issues to be protected to assemble to provide this one a date.

My Month

As a consequence of COVID-19 I made some splurge buys to assist me get by means of (whats up, new VR headset!) and spent extra on groceries/consuming out on account of InstaCart and further suggestions for service employees as a thanks.

My Story

I come from a small metropolis in upstate NY. I moved to DC in 2006 and began making greater than I ever had in my life. Quickly after, I noticed my bank card payments saved going up. How might that be? I used to be making loads of cash! Certainly I might pay all my payments! I didn’t dwell extravagantly in any respect. 

Effectively, then I began envelope budgeting round 2007 or 2008, which shortly confirmed me I used to be spending 10-15% *extra* than I made a month! What a shock!

Over the following couple of years, I embraced my finances and paid down these bank cards in full! This positively required some considerate selections about what to pay in money and what to finance, and the empowerment to have the ability to select. It was a slog to get to this place, and I wanted to refocus just a few instances.

Now, I’m capable of pay my playing cards off routinely, in full, every month with out worrying about carrying a stability, and I do know the place my cash goes. Having it “on paper” in entrance of me helped to see the truth, as an alternative of closing my eyes, leaping, and hoping to land someplace gentle! YNAB helps me to be aware of spending, in any other case my lizard mind will take over. 🙂

My Monetary Targets

Prioritize and construct up my emergency fund, to do what I can to make the most effective of the COVID and post-COVID financial system.

I’d charge my present monetary state of affairs: 5/5

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