How much do you make and spend?

[Anonymous]

We make $435,000 a year. We save $130,000 of it, so $305,000 goes to taxes and spending.

[Anonymous]

Anonymous wrote:I think that 90k poster meant 90k per MONTH.

Doh. Yeah, thank $30k to income taxes sounds right.

[Anonymous]

We make about 300 k / yr. We probably spend about 200 k / yr.

[Anonymous]

we make about 150k before taxes. Aside from 10% savings for retirement through our 401ks, we spend everything else.
We just bought a house and have one in daycare. We are lucky enough to have a fairly substantial safety cushion in savings , though.

[Anonymous]

9500/mo wish we could add a zero to join 90k/mo

health insurance 500
life insurance 100
retirement 900
mortgage/condo fee 1800
student loans 2000
car 600
savings 1000
internet/utilities/meds/other fixed expenses 1000
food/baby stuff/random spending 1600

[Anonymous]

Haha, I'm shocked at everyone's incomes here's mine:

Income: 2000/month
Rent: 920/month
Food: Variable, as little as possible. I don't eat out all, cook from scratch.
Vacations: n/a
Car and Rental Insurance: 90
Car: 280
Other expenses ie gas, phone, internet: About 200
Electric: About 50
Student loans: In deferment until I finish graduate school

Granted, I'm in graduate school full time (6 credits/semester). I work full time on top of that but I don't make much. To sum it up, I don't make much and end up spending what I make on bills. I'm kind of jealous of everyone making 9000 or more a month. Some people's "random" spending is almost equal to my monthly income

I keep telling myself things will get better, I'll graduate, get a good job, and not have to scrape by each month. I'll be able to pay down my credit card that I wracked up trying to keep my head afloat and get health/dental insurance so I don't have to take out a line of credit for essential procedures. Granted I will be working in the education field, so I won't get anywhere close to 100k a year but even 40-50k is better than now.

Not to hijack the thread--but does anyone have any encouraging stories if at one point they were in my position and things got better? Just asking, lol

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think that 90k poster meant 90k per MONTH.

Doh. Yeah, thank $30k to income taxes sounds right.

If this poster makes $90K a month, then they are not eligible for a Roth IRA.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think that 90k poster meant 90k per MONTH.

Doh. Yeah, thank $30k to income taxes sounds right.

If this poster makes $90K a month, then they are not eligible for a Roth IRA.

He is not eligible to contribute to Roth IRA. But he is eligible for a Roth Conversion from an existing IRA and he is eligible for a Roth 401K.

[Anonymous]

Anonymous wrote:Haha, I'm shocked at everyone's incomes here's mine:

Income: 2000/month
Rent: 920/month
Food: Variable, as little as possible. I don't eat out all, cook from scratch.
Vacations: n/a
Car and Rental Insurance: 90
Car: 280
Other expenses ie gas, phone, internet: About 200
Electric: About 50
Student loans: In deferment until I finish graduate school

Granted, I'm in graduate school full time (6 credits/semester). I work full time on top of that but I don't make much. To sum it up, I don't make much and end up spending what I make on bills. I'm kind of jealous of everyone making 9000 or more a month. Some people's "random" spending is almost equal to my monthly income

I keep telling myself things will get better, I'll graduate, get a good job, and not have to scrape by each month. I'll be able to pay down my credit card that I wracked up trying to keep my head afloat and get health/dental insurance so I don't have to take out a line of credit for essential procedures. Granted I will be working in the education field, so I won't get anywhere close to 100k a year but even 40-50k is better than now.

Not to hijack the thread--but does anyone have any encouraging stories if at one point they were in my position and things got better? Just asking, lol

It does get better. We came to this area with me in grad school and dh making 44k and we survived. Now we have dd and he makes about 65k and we're still surviving. In fact, I feel like we have a lot more extra money. As long as you live within your means you'll be ok.

[Anonymous]

After taxes, I take home about $2700/month.

BF and I split rent, utilities, groceries.
My monthly expenses--

Rent: $800
Car payment: $330 (I know! 2 more years)
Car insurance: $125
Phone: $90
Utilities (no cable, just Internet/elec/gas): $35
Credit card bills: $200/month - just put myself on a strict paying-it-off plan. I owe about $1300 so not a huge amount.
Public trans: $80
Groceries: $200

I should be saving a fair amount of money but I've been horrible lately. Spending money on random shit, expensive groceries, buying little things I need online, etc. I need to get my act together.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Live in Nanny: $3.5K

I look forward to seeing your nanny's spending break-out to find out how she survives.

I think that was their monthly budget, so the nanny would be making 40K+ yearly.

Oh my, I'm stunned. That's $90k PER MONTH???????? Most normal people don't even earn that in a year.

[Anonymous]

$2180/month net, with about a hundred taken out for transit benefits.

I spend it all except $50 savings/month. Trying to pay down credit cards.

[Anonymous]

Make $290,000 per year or about 16,000 per month after taxes and healthcare
Mortgage is 6600.
Private school is 4500.
Debt is about $1100.
Utilities/phone etc 800.
Food 800.
Gas, parking, dr co-pay etc eat up the rest.

[Anonymous]

Anonymous wrote:Make $290,000 per year or about 16,000 per month after taxes and healthcare
Mortgage is 6600.
Private school is 4500.
Debt is about $1100.
Utilities/phone etc 800.
Food 800.
Gas, parking, dr co-pay etc eat up the rest.

We're in a fairly similar boat. How much do you save on the average month?

[Anonymous]

To PP- we save nothing right now. There isn't anything left. Need to change that.