EC Aunt here! I discovered there is this thing called “Money Map” from The Frugal Gene. I really loved the rainbow-colored map Lily built and decided to build our own. Cuz I really love building excel charts. I once built an excel chart explaining how we organize all the cupboards in our kitchen.
Income Line: Mainly plain old paycheck for ER Uncle. Paycheck and RSU for me. I am a minimalist so I do sell things I no longer use (clothes, beauty products, etc) but the side hustle income is very small. We rent our our spare bedroom suite on Airbnb for fun and money.
Pre-tax Line: We both max out our 401K ($36K total per yr) and our joint HSA ($6750 per yr). We no longer qualify for any IRA anymore ;(
Tax Line: We are at 33% bracket based on our AGI and sadly we don’t have very much deductions. Fortunately Washington State does not have income tax yet. Our Airbnb income is taxed for income and self-employment. Good news is for self-employment tax, my employer paycheck maxed out on the social security portion, so we are only paying for the medicare portion. We withhold additional tax through our paycheck.
Bank Line: We love combining our accounts as much as possible to keep things simple.
End Flow Line: We use credit card for 99% of our spend. so much more convenient vs carrying cash. We keep some money in our savings account as emergency fund.
Below please see a summary of all accounts:
Pingback: My Money Map - OthalaFehu's Personal Net Worth Blog
I like the simplicity here! Haha- ours is moving all over the place, I like this streamlined approach 🙂
LikeLiked by 1 person
Ours in general is pretty simple as we are only a tiny family of 2. 😛
I love your blog and have been following your 1 year mini retirement journey!
LikeLike
Pingback: The Retirement Manifesto Money Map - The Retirement Manifesto
Pingback: My Financial Map: Exactly How I Manage My Money | THE LUXE STRATEGIST
I love how everyone has their own designs for their maps! I got married this year so I feel you on the lack of deductions. Do you funnel the money you used to contribute to the IRAs to a taxable account?
LikeLike
We are no longer qualified for any IRA anymore. 😦 So now after 401K and HSA are max out, everything else has to go to taxable account.
LikeLike
Pingback: The Minafi Money Map - Minafi
Pingback: Our Epileptic Rainbow Unicorn Themed Financial Map | The Frugal Gene
Hi kitten! Great map! I added you to the list on our blogger forum here: http://forums.rockstarfinance.com/t/chain-gang-3-lets-map-that-money/3727/18
LikeLike
It says I do not have access. 😦 Amazing! Blogger forum! It’s funny I don’t consider myself a blogger (this is my husband’s blog) and I don’t even like writing like most other bloggers. But I really love the social part of blogger community!
LikeLiked by 1 person
Ohh OK that means it’s a locked thread. Well you guys can join if you need but I’ve already link you there anyways so you don’t need to do anything 🙂
LikeLiked by 1 person
Pingback: The Map To Riches - Debts To Riches
Pingback: How Complex is your Financial Map? - Apathy Ends
Pingback: Our Money Map | Our Financial Path.
Pingback: The Rich Know Where Their Money Goes! Map Out Your Money - Atypical Life
Pingback: Our Money Map | Need2Save
Pingback: Mapping Out Our Financial Rube Goldberg Machine – Money Metagame
Pingback: The Working Optional Money Map - Working Optional
Pingback: Visualize Your Finances With a Money Map. - CYinnovations
Pingback: Debtor’s Money Map – Stupid Debt
Pingback: Her Money Moves' Money Map - Confessions of a Lazy Budgeter - Her Money Moves
Pingback: Mapping My Money | Smile & Conquer
I think my map is a close gaudy cousin of your map’s 😉 Nicely done – I can appreciate the use of Excel for all sorts of work and home projects…
LikeLike
Pingback: My Exact Financial Account Setup From Checking to Retirement Accounts
Pingback: My Money Map - Millennial Money Diaries
Pingback: Strengthen Your Financial Relationship: Money, Information, And Trust
Pingback: My Money Map – a deeper look at how I manage my money - All About Balance
Pingback: My Money Garden: The Lady in the Black’s Money Map – The Lady in the Black
Pingback: My Money Map, Sir!
Pingback: Rich People Skills: Draw Your Money Map to Fortune - Abandoned Cubicle
Pingback: Visualize Your Finances with a Money Map. - the Cash Dad
Pingback: Mapping My Money: Before and After – Good Life. Better.