caranxruber
New member
Good morning, first time poster long time reader.
Been reading about retirement and age stuff saying at xx age you should have xxx% in retirement and am starting to worry about my financial help.
About me:
32 y/o 2 children and a wife working as an FSE in a HCOLA
W2 96k
Other income 30k non taxed
Non-retirement brokerage just under 9k
Retirement(401k) 21k
CD’S @ 4.45-4.88%- 45k
Wife makes less than 30k w2.
Expenses monthly
Mortgage 2k
Utilities- roughly 600 -800 for electric and gas
Phone- 200
Daughter tuition(ends in march wont be going private next year) 715
Car insurance- 120
Trash pick up- 85
Streaming services- 200
Any other expenses are covered by my wife I.e groceries cat food etc.
Basically save every penny I can after monthly expenses. Roughly 2800 a month.
My W2 is set to minimum contributions to get employer match.
I’ve never been good with money, come from generational(not poverty poverty but like declared my one parent declared bankruptcy and we were constantly in collections while the other was non-existent) not smart with money-ness/poorness. We had water and food. But never had anyone teach me about financial health or anything outside the military, and let’s be real little e3 me was spending money like there was no tomorrow haha.
I’m not sure what I should be focusing in on, I’m also not sure if I’m financially okay. According to the internet I’m fucked.
I wanted to save money, stay as liquid as possible in case the real estate market pulls back. Should I be focusing on my retirement? Am I saving too little? Too much? Is real estate realistic given my income? Am I financially healthy? WWYD in my situation?
Been reading about retirement and age stuff saying at xx age you should have xxx% in retirement and am starting to worry about my financial help.
About me:
32 y/o 2 children and a wife working as an FSE in a HCOLA
W2 96k
Other income 30k non taxed
Non-retirement brokerage just under 9k
Retirement(401k) 21k
CD’S @ 4.45-4.88%- 45k
Wife makes less than 30k w2.
Expenses monthly
Mortgage 2k
Utilities- roughly 600 -800 for electric and gas
Phone- 200
Daughter tuition(ends in march wont be going private next year) 715
Car insurance- 120
Trash pick up- 85
Streaming services- 200
Any other expenses are covered by my wife I.e groceries cat food etc.
Basically save every penny I can after monthly expenses. Roughly 2800 a month.
My W2 is set to minimum contributions to get employer match.
I’ve never been good with money, come from generational(not poverty poverty but like declared my one parent declared bankruptcy and we were constantly in collections while the other was non-existent) not smart with money-ness/poorness. We had water and food. But never had anyone teach me about financial health or anything outside the military, and let’s be real little e3 me was spending money like there was no tomorrow haha.
I’m not sure what I should be focusing in on, I’m also not sure if I’m financially okay. According to the internet I’m fucked.
I wanted to save money, stay as liquid as possible in case the real estate market pulls back. Should I be focusing on my retirement? Am I saving too little? Too much? Is real estate realistic given my income? Am I financially healthy? WWYD in my situation?