Complete Financial Analysis & Baby Prep Plan
In 2025, you spent an average of $9,835/month but only brought in ~$7,700/month. This $2,100/month gap has been covered by credit cards. With baby coming, this must change immediately.
Your tax refund (~$2,900), retro pay (~$1,170 after tax), and contest winnings ($1,000) can eliminate your highest-interest credit card debt and build your emergency fund before baby arrives.
⚠️ Dangerously low with baby coming
| Creditor | Type | Balance | APR | Payment | Interest/Mo | Priority |
|---|---|---|---|---|---|---|
| Capital One | Credit Card (Surgery) | $3,647.76 | 26.99% | $100.00 | $82.04 | URGENT |
| Apple Card | Credit Card | $2,232.87 | 25.74% | $25.00 (min) | $47.90 | URGENT |
| CareCredit | Medical Financing | ~$2,000.00 | 26.99% | $110.00 | $44.98 | HIGH |
| Affirm | Installment (Expedia) | $3,216.85 | 19.90% | $297.85 | $53.35 | HIGH |
| SoFi Personal | Debt Consolidation | $13,966.00 | 12.17% | $683.81 | $141.58 | MEDIUM |
| Kaiser Medical | Medical Debt | $3,457.33 | 0.00% | $150.00 | $0.00 | LOW |
| Student Loan | Wife's Education | ~$5,000.00 | ~5.50% | $80.63 | $22.92 | LOW |
| Ent Auto | 2025 Toyota Corolla | $27,345.71 | 6.99% | $450.00 | $159.29 | KEEP |
| CU Denver Auto | 2024 Ford Maverick | $28,912.91 | 6.25% | $577.82 | $150.59 | KEEP |
| CHFA Mortgage | Home Loan | $334,268.92 | 6.875% | $2,880.30 | $1,915.08 | KEEP |
This debt costs you $370/month in interest alone. Eliminating it is priority #1.
Every $1,000 on credit cards costs you $264/year in interest.
You spent $118,020 in 2025 but deposited approximately $92,400 into this account. The ~$25,000 difference came from credit cards and transfers from other accounts.
Here's what makes up the remaining spending categories:
The $7,490 "Transfers/Venmo" looked scary, but it's mostly income:
NET: You RECEIVED $2,569 more than you spent via Venmo! 🎉
💡 Cutting to $75/mo saves $1,512/year
💡 Cutting to $50/mo saves $948/year
💡 Review what you actually use
● Green = Income ● Red = Spending Note: June spike includes $7,653 Capital One payment. March includes $3,000 Toyota down payment.
Tax notes:
• Standard deduction ($30k) beats itemized (~$27k)
• $645 business loss reduces AGI (Schedule C)
• Retro pay taxed as salary (~34% total)
• Refund based on actual 2025 deposits
Result: Apple Card Gone + ~$560 CareCredit Remaining 💪
Capital One ($3,648) + CareCredit (~$560) need ~8 months focused payoff
Budget Notes:
• Dining reduced from $201 → $75
• Amazon spending needs strict limits
• Review subscriptions monthly
⚠️ Tight Budget Warning
Even with cuts, you're near break-even. Options:
Colorado infant daycare averages $1,200-1,800/month. Family providing care saves you approximately $1,500/month.
Already covered through work
Tax-advantaged baby costs
Family providing care
Use windfall to build
$2,000 on next year's return
$500k term for each parent - critical with mortgage
Legal protection for baby
Within 30 days of birth
Parental leave policies at both schools
All credit cards paid off. $235/mo freed.
Congratulations! Focus on family, stick to budget.
Another $298/mo freed automatically.
$684/mo freed. Major milestone!
Only mortgage remains. Auto loans paid.
This is automatic!
You're building retirement even while paying off debt.
Apple Card, Capital One, CareCredit - debit only from now on
Never miss a payment / late fee again
Policygenius, Ladder, or through your schools
Do you need all those Apple services?
Use cash envelope method if needed
Every day counts - deploy that ~$2,900!
You're not broke - you make $127,697/year combined. The problem is spending exceeds income and high-interest debt is eating your money.
With discipline, you can eliminate all credit card debt by Fall 2026 and be consumer-debt-free within 5 years while raising your baby. You've got this! 💪