So I am turning to the internet for help and ideas. We are a 32 year old married couple that received a lump sum settlement and a monthly payment for the next 13 year from a law suit regarding the cause of my mother-in-laws death. After receiving the money we purchased a house, decorted and did the upgrades we wanted. We are currently planning to start a family. We both work and my wife plans to continue to work after we have our first child. I want to come up with a plan for a budget and make sure I am currently investing correctly. So I figure I would post in this forum for some input.

Here is my financial breakdown:

$250k currently invested in the stock market. It has been up and down. I am using a broker to handle this.

$240k mortgage on a $470k house.

Income of around $130k per year

plus $1000 per month for the next 13 years

Currently we just pay bills as they come and don't save a dime.

With the idea of having a family I want to start the new year off with a budget.

Any ideas are appreciated.