Reply to Could you live comfortably on $7500 a month?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sure. That's roughly what I live on. We make 170k and put a lot into retirement, so our after tax is somewhere around there.

We're able to save about 3-4k a month too.[/quote]

You bring home $7500, put $1900 towards a mortgage and put $4000 into savings?  So you pay all your other living expenses (transportation, utilities, food, clothing etc . . . ) with $1600 a month?

I bring home about $5200 and my mortgage is about the same as you. I think it would very hard for me to reduce my other expenditures to the point where I was able to save $1700.  [/quote]

Yes! Our mortgage is actually 2k a month and we bring home $8000 a month (well 8k with 2 biweekly paychecks). Yes we can manage to live well on 6k a month (after deducting mortgage)... and [b]save 3-4k. [/b]

We don't have any other debt and are pretty frugal with food/utilities. We do buy expensive furniture, vacations and clothes though. [/quote]

I find this hard to believe. We have no debt except for our mortgage.  I'll breakdown our expenses:

Income:  7800/month
Expense:
1850 = mortgage + tax
 600 = all insurance (life, house, car)
 350 = cell phone + cable
 400 = house utilities ( average) for water, electricity, trash, heat
1000= food
---------
4200 subtotal

I haven't yet added gas, stuff for the house (like cleaning supplies), clothing, etc.. and activities for the kids - which can be a fair amount.  Maybe your kid has no activities?

If we don't have any extra expense, like doing stuff on the house, going out, or travel, then we can save about 1500.  [/quote]

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