Who: Jim Thompson*, 35, a risk consultant in the banking industry, and Sue Thompson*, 35, a publicist
Annual Income: $155,000 combined
What Jim says about their budget?
“One of the big goals Sue and I have for this year is to up our net worth.
We’ve got about $100,000 saved in a 401(k), IRA, and emergency fund, but I’m worried this still doesn’t put us on track for retirement. I’d love to know how to expand our portfolio, and earn a better return on our investments.
Beyond that I think our spending habits could use some improvement. Each month we run a credit card balance between $1,000 and $3,000. I know we need to get to a point where we’re canceling this out every month, but we have a lot of expenses that keep us from doing so.
That said, we aren’t excessive when it comes to spending on non-essentials or food. We save by shopping at Costco ? something Sue says wouldn’t be as easy to do if she still lived in her hometown of New York. Fortunately, our Chicago apartment is big enough to house bulk purchases!
Read more at?BUSINESS INSIDER?
