Reply to Gah, where is our money going?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That's our HHI as well.  We save $6k/month in various places -- college, retirement, and investment accounts.  Our mortgage is $1,900, childcare is $1,700, and no other

to start the budgeting process, make an effort next month to put all expenses on 1 credit card, then analyze the statement at month-end to approximate what you're spending in each category.   [/quote]

Impossible[/quote]

Huh?  Take home is about $12k/month.  We spend $1k on basic food/household expenses.  Phones, Internet, and health benefits are all paid by my employer.  So that leaves us another $1k of fun money then $6k left over.  [/quote]
still impossible
where is your car insurance/gas (or other transportation)/home utilities? [/quote]

You're right... Forgot car insurance... I guess that's $400 2x/year since we only need 1 car.  Transportation is partially paid by our respective employers, otherwise included in the $1k basic expenses, as are utilities.

Transportation is not a huge expense anyway as we both have a very short commute to work, living close-in on the orange line.  House is pretty efficient, so electric runs $60-$100/ month.  Water/sewer/trash is paid qtrly, but averages $60/month.  Cable I consider to be a "fun money" expense, but we get the triple play bundle and are able to expense the phone line and Internet portions through my employer.

Long story short, $6k is not typical for savings at a $250ish HHI, but we're able to run a lot of expenses through our employers.  $4k seems reasonable to me though, even without penny-pinching, though dependent on the size of your mortgage. [/quote]

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