Reply to Shocked: Our bare-bones monthly cost of living is 5K after taxes! What's yours?

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[quote=Anonymous][quote=Anonymous]In order to ascertain whether we can realistically live on one income or not, DH and I have spent the past nine months recording all of our expenditures. We have also made efforts in several areas to cut the fat from our budget -- especially food costs. We are shocked to find that our absolute bare-bones monthly budget (for us and our toddler) [b]is still 5K after taxes![/b] This figure does not include any savings for retirement or college, daycare expenses, or the medical insurance premiums that are deducted from our paychecks. I should also note that we have a relatively small mortgage for the area [b](2K including escrow), [/b]that we have NO commuting costs (we use Metro and both have Metro subsidies), that we rarely eat out, and that DH and I both tend to wear holes in our clothes before buying new ones. We spend $2500 total for yearly trips to see out-of-state family; no other vacations.

Has anyone else recently calculated their bare-bones budget? We consider ourselves to be a frugal family and are stunned to know what it costs just to keep the lights on in the DC area.[/quote]

If your mortgage is only $2,000 I dont get how your monthly is $5,000.  Where is the other $3,000 going?[/quote]

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