https://sankeymatic.com/build/?i=PT...mhDBNtXzGUBXxgA6wsgVg0wBt5QFmhhuCaeNcHpMt6qAA
Good morning folks,
I'm a 32 y/o E-6 with two dependents who recently moved to Germany. Some notes.
Housing budget is my total cap. This could change as part of my housing budget is capped at the rent. So we can either spend the max, or if we find a house that costs less we'll only be given the rent cap. Our utility allowance we get the full rate, which is $1151/mo.
As military we have heavy tax advantages as only a portion of our income is taxed. I also claim NY as a state of residence and don't pay state income tax since I'm active duty.
Transportation includes one car payment, insurance, and gas for two vehicles. We get tax advantaged gas out here in Germany, so we only pay about half of what the locals do at Esso stations.
Cellphone is Google Fi's international plan and one phone payment. We get to keep our American numbers and have zero issues with service or anything.
Renters and Pet insurance is a current unknown for us. Pet insurance is mandatory for us in Germany, and we won't know Renters insurance until we actually find a home.
Travel Fund amount can fluctuate. We're just putting in a number we could use.
Child sports is also unknown as she's not enrolled into anything yet.
TSP I'm sure some of you think could be higher.. and you're right. But I'm factoring in an E-6/E-7 retirement + TSP + Social security into our retirement, on top of owning a home. Plus I'd be looking to get a government job or something that could maybe provide a second form of retirement income after 20 or so years of service. Maybe you could provide more information on this?
Overall this graph in it's current form provides us with a budget surplus of $508. We could throw this into TSP, travel, or simply include a fun budget into this. I would guestimate that to be maybe around $300/mo and used as local travel, theme parks, etc.
Any and all advice is appreciated!
Good morning folks,
I'm a 32 y/o E-6 with two dependents who recently moved to Germany. Some notes.
Housing budget is my total cap. This could change as part of my housing budget is capped at the rent. So we can either spend the max, or if we find a house that costs less we'll only be given the rent cap. Our utility allowance we get the full rate, which is $1151/mo.
As military we have heavy tax advantages as only a portion of our income is taxed. I also claim NY as a state of residence and don't pay state income tax since I'm active duty.
Transportation includes one car payment, insurance, and gas for two vehicles. We get tax advantaged gas out here in Germany, so we only pay about half of what the locals do at Esso stations.
Cellphone is Google Fi's international plan and one phone payment. We get to keep our American numbers and have zero issues with service or anything.
Renters and Pet insurance is a current unknown for us. Pet insurance is mandatory for us in Germany, and we won't know Renters insurance until we actually find a home.
Travel Fund amount can fluctuate. We're just putting in a number we could use.
Child sports is also unknown as she's not enrolled into anything yet.
TSP I'm sure some of you think could be higher.. and you're right. But I'm factoring in an E-6/E-7 retirement + TSP + Social security into our retirement, on top of owning a home. Plus I'd be looking to get a government job or something that could maybe provide a second form of retirement income after 20 or so years of service. Maybe you could provide more information on this?
Overall this graph in it's current form provides us with a budget surplus of $508. We could throw this into TSP, travel, or simply include a fun budget into this. I would guestimate that to be maybe around $300/mo and used as local travel, theme parks, etc.
Any and all advice is appreciated!