We Are a Family of Six Residing at Connecticut and We Make $144,000/Year


Welcome to YNAB Money Snapshots–in which you find a real image of somebody else’s budget and financing. They are all anonymous, since sharing cash remains a squirrelly issue for quite a few, but we believe airing them out at the open makes you better with your money narrative. 

As you browse these budgets, remember that a number of people today earn a great deal of cash and a few people today earn just a bit of cash, but we know that it’s exactly what you perform with this money and the way you sense relating to this cash means over any annual salary. 

Notice how a household of six at Connecticut with an income of $144,000 annually spent their money in April.


  • Names: Kara & GG
  • Ages: 47 & 52
  • Location: Connecticut
  • Jobs: QA Transcription Editor & Quality Assurance (Department of Defense)
  • Living scenario: Married, living with four children (two are functioning school students, one can be at high school, and one is in middle school)

Income: $144,000/year

  • QA Transcription Editor: $30,000/year
  • Quality Assurance: $80,000/year
  • Child Support: $24,000/year
  • VA Disability: $10,000/year

Savings: $15,000

Funding: $338,800

  • Fund: $300,000
  • Charge cards: $8,800
  • Solar panels: $17,000
  • Personal loans: $13,000

April Inflows: $8,721

  • Transcription: $1,288
  • DoD: $4,588
  • Child Support: $1,952
  • Veterans Administration: $1 893 (GG is an Air Force vet and sustained some spine injuries while at the ceremony. This is a really new addition to our funding )

April Spending

My Savings Groups

At the moment my best savings targets are:

  1. Our very first real family holiday!
  2. Restore the hardwood flooring (currently hiding under some dreadful laminate)

Regrettably, we’d been saving up for a cruise. For apparent reasons, that is simply not likely to take place. We are considering something more shy just like renting a cottage out in the woods or something.

One desire farm class has been fulfilled past month. I received the pottery wheel and kiln I have been wanting for 20 years!

My Month

The COVID-19 shutdown has negatively affected my (Kara’s) earnings for a QA transcription editor. I am still able to do my own job in the home, but it’s impacted our clientele and less work can be obtained. I am making approximately half what I’d normally at the moment. Luckily, due to YNAB, we’re totally prepared and that is only a minor bump on the highway.

My Story

GG and I come from households where our parents didn’t speak about money. It was considered impolite to ask how far that they left or how far the invoices were. While we’d errands, we did not get allowances and what was bought for us. We did not learn anything about financing in college.

As a consequence, we entered to maturity with almost no comprehension of how to take care of our finances. We learned the hard way, constantly trying hard to cover items, racking up debt, and always worrying about cash.

We began YNAB in 2014. For a couple of decades, we had lots of false starts with it. We could not appear to make it work for us and we would just stop trying. In 2016 it eventually clicked. I figured out how to compute our funding classes on a really exact, high level level and we have never return.

Four years ago we had been overlooking obligations, paying late charges, interest charges, overdraft charges, and fighting if an unexpected expense appeared up. We dreaded birthdays and vacations due to the anxiety of wondering how we’d manage it. These times are over for us.

In four years we’ve paid $50,000 value of debt. We compensated for my kid’s braces as well as my son’s school tuition in money. We will take our first real family holiday in this summer. My two youngest children are taking private music classes. We look forward to birthdays and vacations today because we’ve financed categories to insure them. We’re prepared for the unexpected.

Above all, we’ve brought our kids along with this trip. We need the children to learn from our mistakes, so we talk openly together about all facets of our financing –everything in the everyday expenses of running a family to the way we are saving for retirement. 

During the shutdown, our grocery store and restaurant spending is greater than normal since they are not going to college and GG is operating from home. We do not generally get takeout so frequently, so that they asked where the”additional” cash is coming out of. I guessed that was the ideal chance to describe the artwork of this WAM (transferring money from 1 class to another). I explained how their school lunch money and GG’s lunch outside cash was not used, so I transferred the money from these classes into restaurants and supermarkets.

My youngest two are getting allowances and I’ve put them up using their own budgets in YNAB. My college-aged son comes with a free pupil YNAB account. We’re doing what we can so they’re ready in a manner we weren’t.

My Financial Goals

Our present objective is debt-free living. We have been snowballing our debt for the previous four decades, and at this rate, every thing but the mortgage will be entirely paid off in November of 2022. Our mortgage will be compensated 14 years ago, saving us 90,000 in interest. 

It would be impossible to overstate just how much YNAB has enhanced most our lives. I am grateful for it every day. I really don’t know how we ever lived without it. We’ll be loyal YNAB customers for the remainder of our days.

My only doubts at this stage are, only one –which we did not have YNAB if we were younger and starting out, and 2 –which I do not have a candy YNAB t-shirt to demonstrate my undying love and gratitude to it anywhere I go! *

I’d rate my present financial situation: 5/5

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*Kara and GG have one less sorrow today! As a result of their generosity in sharing their own funding , they are now the proud wearers of the own oh-so-soft-and-sumptuous YNAB t-shirts.


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