Average monthly expense

[Anonymous]

Here is the budget:
Rent: $1750
Nanny: $2,500 + taxes
Other Kids Expenes: $200
Travel: $600
Grocceries: $400
Gas, Insurance, Auto Repairs for two cars etc: $150 (no car payments as paid cash for each car)
Gas, power, water, phones: $250
Health/Fitness (no gym memberships)
Clothing: $75
Restaurants: $50
Entertainment: $50
Holiday Expenses: $25
Personal Care: $20
TOTAL: $6070 + nanny taxes, though we often go over budget in grocceries and restaurants, but evrything else is spot on or under.
Monthly HHI after deductnig retirement, insurance, taxes, charitable giving, etc.: $8900

[Anonymous]

Our "burn rate" is about $10k, but a lot of that is discretionary. It's probably $7500 if we went into austerity mode.

[Anonymous]

$35k scarily enough. We make really good income (earned and passive) so it is easily affordable to us, but it is crazy to think that 15 years ago I lived on $1500 a month and didn't really want for much.

[Anonymous]

We spend from $7000-$8000 a month all in. $8k would be if we had plane tix or something to buy. $7k would be pretty normal. That sounds like a ton when I write it down. Food is our biggest downfall. We eat out too much.

[Anonymous]

Anonymous wrote:Our "burn rate" is about $10k, but a lot of that is discretionary. It's probably $7500 if we went into austerity mode.

Haha! I love how you put that!

I'm not sure how everyone is giving such round numbers if you truly track your expenses. I track every penny I spend and categorized into nearly 2 dozen categories. My monthly varies so much. For instance this month already is big. We had to pay personal property tax, our inspection is due on both cars, and know that one car needs new tires and I bet one will fail for breaks, and we have one home improvement project costing 3k.

So for me, my monthly varies anywhere from 8K-13k, but surely is not consistent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our "burn rate" is about $10k, but a lot of that is discretionary. It's probably $7500 if we went into austerity mode.

Haha! I love how you put that!

I'm not sure how everyone is giving such round numbers if you truly track your expenses. I track every penny I spend and categorized into nearly 2 dozen categories. My monthly varies so much. For instance this month already is big. We had to pay personal property tax, our inspection is due on both cars, and know that one car needs new tires and I bet one will fail for breaks, and we have one home improvement project costing 3k.

So for me, my monthly varies anywhere from 8K-13k, but surely is not consistent.

I posted before you. I was going with an average over 12 months.

[Anonymous]

Anonymous wrote:$35k scarily enough. We make really good income (earned and passive) so it is easily affordable to us, but it is crazy to think that 15 years ago I lived on $1500 a month and didn't really want for much.

wow thats more than what some make in a year