If you net $12k per month, please post your budget

[Anonymous]

We net $12k. It breaks down to:

$4200 mortgage
$1500 529s
$2,000 - 3,000 credit card (groceries and everything else on can charge)
$165 cell
$85 water/sewer
$210 electric/gas
$800 misc fund for repairs, life and car insurance and vacation
$915 IRAs
Remainder is investing.

[Anonymous]

How much are you all paying for auto, home, and life insurance? Wondering if ours is high.

[Anonymous]

Anonymous wrote:How much are you all paying for auto, home, and life insurance? Wondering if ours is high.

I'm one of the PPs. We have $0 auto insurance (no cars) and home insurance was included in my PITI ($2700). Life insurance is about $850/year for the 2 of us combined (20 yr. $750k term policies we took out in our early 30s).

[Anonymous]

Anonymous wrote:

Anonymous wrote:We net 12k after retirement savings, HSA, insurance, etc.

3,300- mortgage
3,000- daycare
1,000ish- routine bills (cable, phone, gym membership, the works)
1,500- groceries and takeout
300- house cleaners every 2 weeks
500- savings

Clothes, date nights, home maintenance, etc. is covered with the rest.

College savings is from miscellaneous bonuses and gifts from the grandparents.

No cc, auto loan, or other debt except $1,500 in student loan payment (minimum is $500, but we’ve been aggressive at paying it down and will be done in a few months). Our second kid just started daycare so our daycare bill hasn’t been as high until now, which is how we threw so much at the student loan).

We’re both expecting to 10k or so raises in the next year or two, which will also help boost our liquid savings.

Op here. Don’t you find it depressing that you can’t save more?

This is just our liquid savings. We already have some investments, retirement, and rainy day savings. But yes, I feel like we *should* be able to save more. It’s depressing how much we have to stretch things, but we are 3 payments away from
Being done with student loans and DC1 starts K next year, so we’re hoping to be able to save more and maybe even work on paying extra toward our mortgage.

Maybe some day we can even splurge on travel again!

[Anonymous]

We net 11,500 after max 401k, insurance, taxes, full med flex.

Mortgage- 3450
Hoa- 105
Childcare for 3 kids older- 600
529 for 3 kids - 1000
Verizon/fios tv/wifi/landland/ 3 cell- 340
Gas for 2 paid cars ~ 280
Power~ 100
Heat ~150
Water ~75
Food- ? Costco about 600 and misc 300-400
Piano-150
Travel soccer for 3 ~ 500

[Anonymous]

PITI 3800 (includes home insurance)
Gas/Electric/Water/Cable & Internet/Cell: approx 600
Nanny 2600
Cars approx 900
Groceries approx 800
Other various things (household purchases, etc) 1000
Savings approx 2K (unless something comes up with the house!)

We don't really ever eat out. I'm about to break down and get a cleaning service though.

[Anonymous]

I am here for tips. We gross $20k/month but net is more like $10k after maxing out all tax advantages accounts and paying taxes of courses. How about others?

[Anonymous]

We net $12.5K post taxes.

PITI + HOA 3450
Student Loans (undergrad, grad, law for husband; law for wife) 1350
Gas/Electric/Phone/Cable 450
Life insurance/fund for parents 500
Groceries/Eating out for lunch 800
Average Monthly Cost for Hard Costs (bday gifts, bar dues, Xmas, holiday gifts, license renewal, AAA, etc.) 775
Miscellaneous Spending (fun stuff, donations, pol contributions, dinners out) 1200
Savings 4100

I feel like quite a few folks who posted on here have no student loan payments -- these payments are soul-crushing! We also need to take care of our parents (immigrant parents who didn't save much during their lives) but hopefully can get their help with child care -- that seems like a doozy too!

[Anonymous]

Anonymous wrote:We net $12.5K post taxes.

PITI + HOA 3450
Student Loans (undergrad, grad, law for husband; law for wife) 1350
Gas/Electric/Phone/Cable 450
Life insurance/fund for parents 500
Groceries/Eating out for lunch 800
Average Monthly Cost for Hard Costs (bday gifts, bar dues, Xmas, holiday gifts, license renewal, AAA, etc.) 775
Miscellaneous Spending (fun stuff, donations, pol contributions, dinners out) 1200
Savings 4100

I feel like quite a few folks who posted on here have no student loan payments -- these payments are soul-crushing! We also need to take care of our parents (immigrant parents who didn't save much during their lives) but hopefully can get their help with child care -- that seems like a doozy too!

I've sometimes wondered whether what we'd do with the extra money if our parents were well off (so they paid for our schooling and didn't need us to take care of them). I look at other people's expenses and they have stuff like dog walking or house cleaners or private school for kids or day care. Interesting to compare. I bet we'd do similar things -- save a little more, pay off a little more debt, maybe have house cleaners, or consider day care.

[Anonymous]

Just below that at $11K. One three year old:

-$2700 all in for our mortgage/utilities/HOA
-$1200 childcare (my mom babysits)
-$500 car payment (the payment is less than this but we pay extra)
-$1100 student loan payment (soul crushing)
-$200 gas and tolls
-$40 for Playstation Vue since we cut cable
-$100 for two cell phones
-$500 savings a month
-$?? auto and home owner's insurance? I have no idea but it's through USAA and a good price. I'm sure I could look it up in 2 minutes
-$$$$ wasteful spending in food eating out and entertainment. Trying to reign this in for 2018 but so far no dice!