Source: Excel to track income/spending and compile the data.

Tool: https://sankeymatic.com/ to create the visualization.

[deleted]

This was posted by a man. But yeah whe I was looking for a house an HOA was a non-starter.

This is amazing! One of the best ones I've seen. You must have a finance or accounting background haha

Thanks! Engineering actually.

Ah, thanks.. I was just about to ask.

$500 is literally one cheap haircut every 2 weeks. Haircut prices used to be like $8 just a few years ago, now it's $18+ for a quick cut at Walmart.

HOA certainly sucks. This was my first home and I was just looking to get out of paying rent, which I did. I would certainly avoid HOA for my next home. Or at least do more research.

Haircut prices have gone through the roof since Covid imo. My barber charges $40 for haircut and beard. $2 fee for appointment. And I tip $8. So total is $50 per haircut. I get a hair cut every ~5weeks.

Only tip is to do a roll-up of gross income from all sources and then split it into pre-tax/taxable. Great job tracking your income and expenses.

What is the purpose of this type of chart over say a pie chart ? They seem to be getting more common.

It's essentially a flow chart. This sub has been overrun by Sankey diagrams as of late.

I think it's a bit cleaner way of visualizing the data. I'd imagine a pie chart getting cluttered trying to show the same information as shown above.

I also think it just looks cooler lol

If you income tax rate is higher than your mortgage interest rate (and I promise you it is), you should consider maxing your HSA instead of making additional payments on your mortgage. Actually, with almost every financial product yielding more than mortgage interest there is almost no conceivable reason to be making extra mortgage payments.

It’s more of a peace of mind thing for me. I’d rather just be done with my mortgage sooner rather than later. I did the same for my car. I understand it’s not the most logical financial decision. But I feel better not having any debt.

Yeah, fair enough. I've seen other posts where folks didn't seem to understand the opportunity cost, but it looks like you're making a conscious choice. That's good to see.