<prompt> Human: Hi all,Some big life events have happened, so I want to check in and see how my wife and I are doing financially. I think were in decent shape, but its always good to run it by someone.Profile Me - 29 years old Wife - 30 years old Baby - 2 weeks oldIncome Me - 125,000yr took a new job with a 2537; raise last month; 6,120 take-home Included in the 4,000-ish difference between gross and take-home are taxes, health insurance, 401k, DCSA, pet insurance, and supplemental insurance coverages Wife - 31hr, 65,000-ishyr she is on maternity leave, but we prepared for that so no need to muddy the waters; 3,200 take-homeAssets Home - Last appraised for 337,000 My car - 16,000-ish Her car - 6,000-ish Irregular expenses fund things that arent built into our monthly budget but that arent exactly emergencies... something like the car needing new brakes, vacations, new appliances around the house, etc. - 1,500 target: 8,000 Emergency funds - 19,063.97 5-year CD 2.3537;APY - 5,060.72 EW penalty 58.75 1-year CD 1.6537;APY - 1,016.59 EW penalty 5.50 FDIC-insured Money Market 1.6037; - 10,036.66 Conservative investment fund - 2,200 Savings Account 0.137; APY - 750 My retirement accounts total - 100,669.52 Wifes retirement accounts total - 39,000-ishLife Insurance Me - 743,000 332,000 Basic Life policy through work 161,000 Supplemental policy through work 250,000 Term policy Wife - 100,000 50,000 Basic Life policy through work 50,000 Supplemental policy through my work Baby - 5,000 supplemental policy through my workDebts Mortgage - 248,000 3.7537; Student loans 19,000 6.0037; 14,000 5.3137; Auto loan on my car - 7,750 2.3937; Credit card - 10,500 0.0037; 037; until May, 2019; this was used for some needed home repairs and improvements last year that totaled a fun 16,000, and we took advantage of free money so we didnt need to drain our emergency fund Monthly Budget Summary: Take-home pay: 9,320 Saving excluding payroll deductions: 1,020 Debt service: 2,926 Spending: 5,198 Buffer: 176 Saving - 4,245 Retirement saving payroll deduction - 2,200 Traditional me, inclusive of employer match - 1,500 Traditional wife - employer contribution - 300 Roth wife - 400 Saving for irregular expenses - 1,020 Dependent care FSA - 625 maxing out the 5,000 allowance HSA - 400 maxing out the 6,850 allowance Debt service - Minimum payment 326; current payment 2,926 Student loans - No minimum payment; current payment 1,200mo Credit card - 100mo minimum payment; current payment 1,500mo My car - 226 Fixed housing-related - 1,727 Mortgage - 1,495 inclusive of PITI, no PMI Electric bill - 130 Internet - 65 YouTube TV - 37 Home services - 400 Lawn Mowing we have a large property and I value my time with my family more than the money here -220 House cleaning - 180 Automotive - 332 Auto insurance full coverage, both vehicles - 152 Gas - 180 Food Beverage - 700 Groceries - 500 inclusive of 100mo for baby formula Restaurants - 100 Takeout - 100 Miscellaneous Needed things - 1,839 Child care will start after maternity leave - 1,100, accounting for DCSA Clothing - 100 Haircutsbeauty - 100 Dog expenses - 75 Life insurance 250k term policy - 25 Gym membership - 39 Personal funds i.e. money that goes into individual accounts that we are each free to use however we want, without running it by each other - 200 Other odds and ends - 200 Miscellaneous Unnecessary things - 200After our credit card is paid off end of this year, give or take a month, we plan to do some combination of taxable investing for a future home upgrade and more aggressive repayment of our student loans.Looking forward to hearing some thoughts!  <response>: With your income and the amount of thought and planning youre putting into your finance, youre gonna be just fine. Youre LBYM and have a nice savings rate. At your income level thats all it takes to reach a very nice net worth at a relatively young age.Budget and savings looks fine, I will 1 the suggestions to increase the life insurance. At your age term coverage is very cheap.Personally I would cut back on the non-retirement savings and focus on paying off the student loans as fast as possible, but I tend to be more debt-averse than most. Also, Congrats on the new baby! Once the student loans are paid off Id look into getting some college savings going in a 529 