Couple, 47 & 48 years old with two teenage children. Our income is $160k pa in total.
Condominium is currently valued at $1m with loan remaining $400k. Just bought a new car with some loan.

Our expenses are: mortgage, car loan, car petrol, food and groceries, condo maintenance fee, taxes, insurance, children's various expenses, eating out, holidays, parents' allowance, cable, utilities, gifts to loved ones, donations, etc.

Total expenses $130k pa. We save $30k pa.

Our total net worth $1.1m. Are we managing our finances correctly?

If you are in our age group, please share your financial situation here.