Family budget if your income is around $180-200K
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
|
It was interesting to see what people did with $375K. Now what about us "poor" folks?
$9500 monthly take home pay (after retirement/health care) Retirement is 5% and health care is $300 month $2100 mortgage $3500 childcare/tuition $815 student loans $1000 food (includes dining out and some household goods) $500 utilities/cable/internet/cell phones $500 shopping/activities/Target $300 housekeeper (money well spent!!) $250 gas/insurance/parking $100 charity $50 medical expenses (prescriptions/co-pays) $100 life insurance $30 gym Anyone else? |
Anonymous
Savings other than for retirement? |
Anonymous
| Yeah, that's about right. Although I don't pay for a gym membership and charity is less than that (guess I'm a cheapskate!). We probably pay more for gas though. |
Anonymous
Oh yeah, forgot -- we do 15% for retirement and a total of $1000 towards 529s for the kids. |
Anonymous
| Right, "poor." |
Anonymous
Unfortunately not. We put bonuses and tax refunds into savings. We also try to save on the months where we dont use our entire budget for food or shopping, but its rare. And yes "poor" was meant sarcastically by DCUM standards. I do not think we are poor or struggling, just broke 
|
Anonymous
|
mortgage (PITI) $4000 (paying off extra)
insurance (life, car, disability) -- $300 gym membership/kids activities-- $300 theater-- $50 utilities/phones/internet/cells-- $500 food-- $1200 charity-- $200 other savings-- $1000 travel-- $500 |
Anonymous
|
I'm not the type to do this, but here goes.
HHI about the same Not totally sure about current health care cost $2500 mortgage, usually pay $500 extra toward principal $0 childcare about $700/mo kids' activities, equipment $900-$1000 food, roughly $350 utilities, cable, internet $500-$700 miscellaneous household items, shopping, gifts (more at certain times of year) $220 maid no gym average $500/mo household maintenance, improvements about $8,000/year vacations $100 car expenses (paid off, but gas, maintenance) not sure of amounts for retirement. have a lot of $$ already set aside for college. |
Anonymous
|
Our HHI is $250k, so take home is about $11k / month AFTER maxing out 401(k)s. I am fortunate that I do not have any healthcare premiums.
Mortgage: $2200 Childcare: $28k/year (paid in lump sum at the start of the year so it doesn't come out every month). CC bill other monthly expenses: around $4000 I try to maintain $10k in our checking account, so at the end of the month, I take whatever's left over (but still maintain $10k in the account) into another savings account. |
Anonymous
|
Mortgage -$3500
Food-$1000 - $1200 Kids activities - $1000 (who knew soccer leagues and gymnastics are so expensive
Student Loans - $400 (paying off extra) Theater/Movie tickets - $200-300 Babysitting on weekends - $200-300 Gas - $200-250 Charity - $100 Internet - $60 where we are saving: both our cars are paid off as of last year. We don't have cable. Our kids go to public schools. My employer pays for gym membership. |
Anonymous
|
LMAO. "Poor." We make $141K pre-tax. DH puts 11% of his $101K salary into his 401K and I don't save anything out of my $40K salary because I only work to pay for private school and groceries.
Mortgage is $950/month. Healthcare, I think is about $400/month. Childcare is $200/month. Tuition for private school is $1600/month. Groceries are $1200/month. Phones (all mobile) are $180/month. Internet $60/month Gas is $400/month (we commute) No gym, no car payments (both cars are luxury cars but are ten years old, bought new back then), no credit card debt or student loans. We're not saving for college; that's why they go to private school, so they can earn scholarships. We'd be comfortable paying the same tuition we do now or even a bit more when the time comes, but if they want to go to a $50K/yr school, they're going to have to help pay for it. We shop and go out some but don't really keep track. We haven't taken a real vacation in 7 years but will be taking one this summer. We're not rich or anything but I think we're doing okay. |
Anonymous
I seriously hope you meant "poor" in quotes because otherwise this is really offensive. |
Anonymous
You did see that it is fact in quotes, right? |
Anonymous
So, your cars are paid for? No vacations? No home repair fund? No debt service other than student loans? $500 for cable/internet/phones seems REALLY high. I think we're closer to $400 and we have premium TV. |
Anonymous
|
Educational consultant here:
Your strategy with private schools leading to scholarships is so mistaken!! Are you actually sending your kids to private school because you think it will help them get scholarships? I cringed when I read that! Send them to public school and bank the tuition costs to help with college!
|