We just did our taxes, so I thought it'd be a good time to finally see how we are spending our money - always thought these charts looked nice and decided to make one. Welcome any suggestions (or criticisms).

A little about us:

• Family of 3 (2 adults in our mid-30s and 3 year old) and just welcomed another baby last December

• Live in SoCal and both parents work in Tech

• Bought a house in November '21, so did some renovations / improvements (e.g., solar)

• Have 1 older car and will need to get second soon

Learnings and questions:

• Spending half of our take-home on housing was a surprise and definitely realize we can't do the same amount of improvements each year

• Not looking forward to doubling our daycare costs soon...

• Internet, cable & phones (typo in the pic) at $4k is a lot in aggregate... Will look at reducing

• Any suggestions on how we can improve?

Notes:

• Methodology: Tax return for income numbers; categorized each transaction in our checking and credit card accounts for 2022; numbers rounded to nearest $500

• "Internet & cable" includes cell service

• "Restaurants" includes buying lunch at work for one of us, and we tend to take-out somewhat often given busy work schedules

• "Household" buckets a lot of stuff like children's toys and books (a surprisingly high cost, retrospectively), clothes, general household products

• Source: 2022 tax return and spend data

• Tool: sankeymatic.com