2022 YTD and Projected Income (and Expenses)

 I'm feeling very sad and a little melancholy. It's my aunt's birthday and my brain records her as the person who loved me the most (and I didn't even know it).

I'm sad because I have no love prospects and that was kind of the last thing I wanted out of this life.

I have a therapy appointment in 2 hours. Good on me, for getting this time on this day.

Anyway, last night a committee member told me that a colleague gets a dollar for dollar match on their 401k plan up to the IRS max!

That's amazing. That's essentially about $20k added to their total compensation.

Trying to stay grateful for my pretty nice salary, I decided to document my YTD income thus far.

My last paycheck shows my YTD Gross pay as: $142k

Can you believe that! That is the most I've grossed so far in life.

If I project for the final 2 months of the year, my gross pay for 2022 could potentially be: ~$165k

Now if I take 6% of that for the 401k match: $9883.

In total, my total compensation (gross base salary + bonus + 401k match) for 2022 is potentially: ~$175k.

Um, that's pretty baller!

It's good to take a look back.

Especially when all I have going through my account is ~$1500/ pay period. It feels scrimpy.

2022 Total Compensation: ~$175,000

Just wanted to highlight that. So yes, MERJ, wipe your tears with your plenty, plenty money. That's so much money!

To that we will add Free Bank Bonus Money/ Cashback: $1867/ yr

And Capital Gains (YTD): $6891/yr

Which brings total income to: $183k

Yes folks: ~$183,000 in total income for the year!

Look at that, I'm starting to feel better already.

Of that, how much of that was Net Pay. Money I actually saw pass through my bank accounts:

Payroll (YTD): $60k (approx $7k pending for remainder of year)

Bank Bonus/Cashback: $1867

Total (YTD): about $62k

And how much of that, have I spent...

Expenses (YTD): ~$36,500 (known pending for rest of year ~$6000)

The rest is presumably in a CD or in a bank account.

So I'm anticipating about $7k in payroll income and about $6k in expenses for the rest of the year. So that matches. No big deposits to taxable brokerage this year, it seems.

I am still contributing after tax to 401k so that meets any background savings goal. Set it and forget it, my friend.

Savings (YTD): 

$25k in Savings Bonds and FIRE CDs

$41k in 401k Plan

(pending for rest of year: $8k in 401k) 

Total (YTD): $66k/ yr (including pending amount ~$74k)

So let's sum it up with some very big estimates

2022 Estimated Gross Income: ~$183k/yr

2022 Estimated Net Income: ~$69k/yr

2022 Estimated Expenses: ~ $43k/yr

2022 Estimated Savings: ~$74k/yr (including $49k in 401k)

Well that took 30 minutes. Good enough.

I copied some text messages to share with my counselor today. Is that what's making me nervous?