If your HHI is $250k, what are your monthly expenses?
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Anonymous
That depends on which bank it is, it is much better than 5 years ago in terms of security. In addition, you can set alerts sent to your e-mail/phone when the balance goes below a certain limit that the user determines, any charge above a certain limit, etc. |
Anonymous
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HHI: 225k - 250k depending on dh's second job
Piti : 3600 Phones: 140 Utilities with Internet 200 (we keep the house not too warm or too cold) Credit card which includes groceries: 2000 Daycare: 1800 Health insurance: $300 Life insurance : 120 (2 1M policies) Car insurance: no idea but probably 200 Going out (separate card) 600 but now almost nothing since we have a newborn No debts other than mortgage. Credit card can go to about $3k depending on the month but that's everything (groceries, clothes, diapers, household and yard stuff) Rest to 401k and other savings We have an old house so we keep a savings account for maintenance and upgrades. |
Anonymous
I get 1% cash back for everything and %5 cash back on specific things each month (one month it's gas another it's groceries) on my credit card. So that's worth it to me plus my credit card company protects me from fraud and I have disputed charges on it like a restaurant tab that added a zero by mistake. |
Anonymous
| $3400 in mortgage. No student loans, car payments or daycare (but camp payments are coming up). 10% pretax to retirement. $600 to 529. Credit card is probably $4,000 to $8,000 depending on major purchases like travel or home repairs. In months where we spend less we move $2000 or so into money market or investment funds. |
Anonymous
| Our mortgage is 4500 a month and we spend about 5-6k on everything else. Some months are spender than others when we have multiple political contributions, vet bills, car maintenance, etc. |
Anonymous
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We are slightly below $250 (Should be around $240 this year):
Mortgage PTI: $3700 Daycare: $1760 Aftercare: $325 529s: $670 Student loan: $320 Groceries: $700 Cable/internet: $120 Electric: $150 Cell phones: $125 Gas: $15 Water: $75 Charitable contributions: $300 Other spending: $1500-$1700 (So our credit card bill is this plus our groceries every month). Savings (outside of pre-tax retirement): $1200-$1400 |
Anonymous
The bank may offer enhancements but there is no doubt that the protections for credit cards - Reg Z are fundamentally more protective than the Reg E that applies to debit cards. |
Anonymous
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Mortgage $3500
No car note ~$3k to retirement (pre tax) Utilities/Cable/phones $600 Groceries $500 SLs $1400 save about $2500, but varies |
Anonymous
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PITI - 3,400
Phone, Cable, Internet - 330 529 - 300 Aftercare - 730 (this will go away this summer - yeah!) Summer Camps - 420 Tutor - 200 Housecleaner - 220 Insurance & taxes (life and car)- 200 Student Loan - 100 529 -300 Invenstments - 500 Utilities - 250 The daily expenses go on the CC, and we try to keep the bill to around 4K. In months when there are no "big" expenses, we can manage that. When we have home improvements or travel, it is higher. |
Anonymous
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We make slightly less ($235k). After maxing 401k it goes to:
Mortgage (PITI): $4250 529s: $1200 IRA: $915 Cash Savings: $500 Investments: $500 Cell phone (kids included): $120 Utilities: $460 Credit cards: $2500 Travel, Insurance and other misc expenses: $1000 |
Anonymous
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Mortgage - 2k
Childcare - 3k Groceries and dining - 1k 529s - 1k Savings - 1k Utilities and phones - 500 Gas/commuting - 500 Kids activities and misc- 1k And, just like that, it is gone. We max 401ks. The numbers above are based in net income. |
Anonymous
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Mortgage: 2975
Childcare: currently 1200, will jump to 2900 when #2 is born (3 years of double child care....ugh) no car loan Student loan $250 no credit card debt Max out retirement accounts for both of us Everything else is utilities, cable, food, etc that we can work around. HHI is 250K |
Anonymous
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Mortgage - 2600
Childcare - 1800 Car/Insurance/Gas - 800 Utilities/Verizon/Cable - 500 CC - 3,500 - 4,500 a month. This is basically everything else, we have a travel card for miles. I'm with you on the CC I think ours is way too high, that said 8k is a LOT, what are you spending it on? I am pretty loosey goosey with spending (baby is changing that slowly) but even at my loosest I wasn't getting to 8k. |
Anonymous
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OP here -- we use it for everything -- that includes summer camps, pool, medical co-pays, new glasses, dinners out (not too many but they add up), Uber rides, hotels when we travel, etc. You get the picture. We don't travel much, but when we do, it's expensive!
I also shop almost exclusively at Whole Foods because I'm a produce snob. We are vegetarians, so we save on that! I am going to investigate more each month to see line items, but really, I am shocked every month! |
Anonymous
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Shopping exclusively at WF *really* adds up. Could you do a CSA or something to get great produce at lower costs? Or, stick to WF for produce only and go cheaper elsewhere for other things?
We make about that but also have a much lower mortgage (~$3100/month). Eating out usually means take out once/week for me and DH. We also use our AmEx for almost everything, but $4,000 would be a high month. |