1 | Year | Julia (pre-tax) | Spouse (pre-tax) | Joint Income (pre-tax) | Income Source(s) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 2000 | $11,015.00 | Julia- high school teacher (started in August) | |||||||||||||||||||||||
3 | 2001 | $30,749.00 | $3,609.00 | Julia- high school teacher; private lessons Spouse- In college, retail part-time during summer | ||||||||||||||||||||||
4 | 2002 | $34,752.00 | $2,220.00 | Julia- high school teacher; private lessons Spouse- In college, retail part-time during summer | ||||||||||||||||||||||
5 | 2003 | $40,730.00 | $1,261.00 | Julia- high school teacher; private lessons, summer camp instructor Spouse- In college, retail part-time during summer | ||||||||||||||||||||||
6 | 2004 | $42,180.00 | $2,369.00 | Julia- high school teacher; private lessons, summer camp instructor Spouse- In college, retail part-time during summer | ||||||||||||||||||||||
7 | 2005 | $53,069.00 | $1,427.00 | Julia- high school teacher; private lessons, started side business Spouse- finished undergrad degrees; unpaid teaching internship | ||||||||||||||||||||||
8 | 2006 | $28,823.00 | $9,492.00 | Julia- left job for Ph.D in June; small assistantship stipend starting in August Spouse- Started middle school teaching job late in year | ||||||||||||||||||||||
9 | 2007 | $6,147.00 | $29,053.00 | Julia- assistantship stipend Spouse- middle school teacher | ||||||||||||||||||||||
10 | 2008 | $9,149.00 | $40,060.00 | Julia- assistantship stipend; teaching private lessons; completed Ph.D. Spouse- middle school teacher in new district | ||||||||||||||||||||||
11 | 2009 | $31,200.00 | $39,805.00 | Julia- grant funded research position Spouse- middle school teacher | ||||||||||||||||||||||
12 | 2010 | $41,861.00 | $43,418.00 | $85,279.00 | Julia- university faculty position starting in August Spouse- middle school teacher | |||||||||||||||||||||
13 | 2011 | $66,500.00 | $41,709.00 | $108,209.00 | Julia- university faculty; side business; summer teaching Spouse- middle school teacher | |||||||||||||||||||||
14 | 2012 | $67,175.00 | $42,397.00 | $109,572.00 | Julia- university faculty; side business; summer teaching Spouse- middle school teacher | |||||||||||||||||||||
15 | 2013 | $83,199.00 | $51,143.00 | $134,342.00 | Julia- university faculty and program director; summer teaching; Spouse- finished MS degree started new job as instructional designer | |||||||||||||||||||||
16 | 2014 | $85,210.00 | $48,577.00 | $133,787.00 | Julia- university faculty and program director; summer teaching; Spouse- instructional designer; started Ph.D program paid for by job | |||||||||||||||||||||
17 | 2015 | $79,691.00 | $51,497.00 | $131,188.00 | Julia- university faculty and program director; summer teaching; Spouse- instructional designer; left job to start her own business | |||||||||||||||||||||
18 | 2016 | $81,103.00 | $57,217.00 | $138,320.00 | Julia- faculty job at new university; long delayed payment for business sold (15k) Spouse- self-employed | |||||||||||||||||||||
19 | 2017 | $72,994.00 | $54,639.00 | $127,633.00 | Julia- university faculty; summer teaching Spouse- self-employed | |||||||||||||||||||||
20 | 2018 | $75,128.00 | $44,266.00 | $119,394.00 | Julia- university faculty; summer teaching Spouse- self-employed |
1 | Year | Joint Spending | Important Notes | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 2000 | Unlike our income, the spending we did before we started living together would just be a best guess, so it is not included in this Google Sheet. You can read the post on thefiproject.com that discusses these early years of spending and saving. The TL;DR is essentially we spent very little during these years either because of being in college, or with our first career (teaching) there was no time to spend, while at the same time living a very low cost lifestyle. There are some estimates in the post. Starting in 2010 we starting tracking our spending, and have done so ever since | ||||||||||||||||||||||
3 | 2001 | |||||||||||||||||||||||
4 | 2002 | |||||||||||||||||||||||
5 | 2003 | |||||||||||||||||||||||
6 | 2004 | |||||||||||||||||||||||
7 | 2005 | |||||||||||||||||||||||
8 | 2006 | |||||||||||||||||||||||
9 | 2007 | |||||||||||||||||||||||
10 | 2008 | |||||||||||||||||||||||
11 | 2009 | |||||||||||||||||||||||
12 | 2010 | $46,637.00 | Bought our first house, $6,350 in closing costs | |||||||||||||||||||||
13 | 2011 | $39,549.00 | ||||||||||||||||||||||
14 | 2012 | $42,292.00 | ||||||||||||||||||||||
15 | 2013 | $61,487.00 | Our normal spending was lower than 2012, but we had a large expense not covered for our first child | |||||||||||||||||||||
16 | 2014 | $52,107.00 | At this point we were trying to keep our spending at less than $5,000 a month while at the same time saving for the expected second child cost the following year. | |||||||||||||||||||||
17 | 2015 | $77,450.00 | Included a little more than $21,000 of uncovered expenses for second child | |||||||||||||||||||||
18 | 2016 | $62,744.00 | Pretty close to our target budget for the year | |||||||||||||||||||||
19 | 2017 | $78,637.00 | Included some pre-paid medical expenses for 2018, and increased expenses of pre-school | |||||||||||||||||||||
20 | 2018 | $118,384.00 | Large expenses outside of our budget $46,858 of the spending was medical expenses excluded by insurance Also included ~$10,000 in preschool costs | |||||||||||||||||||||