My Income (senior curator) 80,000.

00 $
super 9,600.00 $ 12.00% ( from 2019) per annum
Income Tax To be paid 17,547.00 $ per annum
My Income After Tax 62,453.00 $ per annum
Husbands Income (anaethetist) 250,000.00 $ per annum
His Income Tax to be paid 86,047.00 $ per annum
His Income after Tax 163,153.00 $ per annum
Combined Incomes for a 3 year period 676,818.00 $ 3 years
Living costs for the three years (average for a couple living in Sydney) 222,924.00 $ 3 years
Amount Left over (in Income after living costs deducted) 453,894.00 $ 3 years
Past 7 years of savings 77,645.68 $
Amount being saved over first 3 years of marrage 453,894.00 $ Combined Incomes
New amount that is in our savings plan 531,539.68 $ After 10 years
My Income (part time) After Tax 40,853.00 $ per annum
Husbands Income (full Time) 163,153.00 $ per annum
Total combined Income after Tax 204,006.00 $ per annum
Car- Second-hand volkswagan Golf diesel 23,000.00 $ maximum
Costs
comprehensive Car Insurance 700.00 $ per annum
Green Slip Insurance 532.00 $ per annum
Rego 330.00 $ per annum
Maintance and repairs 600.00 $ per annum
Total 2,162.00 $ per annum
purchase price 1,200,000.00 $ Maximum
Stamp duty, Mortgage regestration and Transfer fee 51,804.00 $
Total Purchase price of House 1,251,804.00 $
deposit 450,000.00 $ combined savings
Total Mortgage 801,804.00 $
Costs
Mortgage repayments (6.06% interest) 61,332.00 $ per annum for 25 years
Home and contents Insurance (comprehensive) 950.00 $ per annum
Repairs and maintence 2,000.00 $ per annum
Total 64,282.00 $ per annum
Health Insurance: Standard AHM by Medibank Private 48.50 $ per week
2,522.00 $ per annum
Overseas and Domestic Holidays 8,333.33 $ per annum
Overseas and Domestic Holidays 150,000.00 $ For 18 years
children (0-5) 60,060.00 $ 5 years
children (5-10) 86,060.00 $ 5 years
children (10-15) 98,800.00 $ 5 years
children (15-18) 104,208.00 $ 3 years
Total per child at 18 349,128.00 $ for 18 years
Total cost of Two children 698,256.00 $ for 18 years each
costs of a couple 73,944.00 $ per annum
cost of 2 children 38,792.00 $ per annum
Total cost of living expesese 112,736.00 $ per annum
Combined Income 204,006.00 $ per annum
Total Living Expenses 112,736.00 $ per annum
Total Costs of Home 64,282.00 $ per annum
Total costs of Car 2,162.00 $ per annum
Health Insurance 2,522.00 $ per annum
Holidays 8,333.33 $ per annum
Total Combined Income 3,672,108.00 $ for 18 years
Total expenses 3,420,636.00 $ for 18 years
Money saved 251,472.00 $ over 18 years
Money In savings plan when I am 31 531,539.68 $
Final HECS repayments 10,228.00 $
Total savings before house purchase 521,311.68 $
Price of Car: deducted out of savings 23,000.00 $
Deposit for House Purchase: deducted out of savings 450,000.00 $
Money Saved over 18 years while children are at school 251,472.00 $
Total Saving at end of Phase 3: 49 years old 299,783.68 $
Savings Plan
Phase 3- Building a Family
First Three Years of marriage (29-31 years old)
Amount in our Savings Plan for the past 7 years and the 3 years of marriage
Income while children are at school
Car
Home
Health
Holidays
Children: All Inclusive of raising a child (including groceries)
Costs of Living with 2 children
Amount we can save over the Next 18 years with children