Rich people - what do your budgets look like?
i consider myself a HENRY but this is more of a personal finance post than a HENRY post.
i’m curious where all your money goes in a year. obviously this would look quite different than the budgets we see in r/personalfinance, for example.
my spouse and i make around 550k a year. here’s where our money goes
essentials:
- taxes: 150k
- 401k: 47k
- backdoor roth IRA: 14k
- mortgage: 44k
- property taxes: 28k
- home insurance: 4k
- car payments: 9k
- groceries: 10k
- utilities: 8k
- daycare: 26k
- kid stuff: 5k
total: 345k.
non essentials:
- home improvements/maintenance: 20k
- cleaner: 13k
- lawn care: 4k
- clothes: 5k
- charitable: 5k
- vacations: 20k
- eating out: 15k
- shopping/discretionary: 50k.
total: 132k.
everything else gets invested, about ~80-100k a year.