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Reply to "What are your monthly expenses?"
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[quote=Anonymous]Single parent, bring home $9K/month after taxes, 401K, benefit deductions etc. Also get $2500 in rental income so $11.5K total. Mortgage, taxes & insurance for primary residence: $2650 Same for rental property: $1650 Repairs & maintenance for both properties: $400 Utilities: $200 Health & life insurance, uncovered medical: $250 Appearance stuff: clothes, haircuts: $300 Transport (gas, insurance, maintenance etc): $350 Childcare (afterschool & summer camp): $600 Food (groceries & restaurants): $600 Entertainment, vacation, gifts, anything fun: $900 Work pays for cell phone and internet. No car payment, although repair costs are starting to creep up. So $7900 total. That leaves about $3600/month that I usually save in addition to $1450/month in 401K, or about $5K monthly savings total. Though sometimes I splurge more on fun stuff. [/quote]
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