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Reply to "What's the minimum level of monthly income minus mortgage you'd feel comfortable with?"
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[quote=Anonymous]Family of two twentysomethings, no kids yet. Our budget is as follows: Total $5k after PITI and maximizing our matched retirement contributions (double match for me, triple match for her). $1k for house-related things (recently bought house, still lots of furniture to buy, things to repair, etc) $1k for travel (not same spending every month, but that's what it balances out to. Our major luxury expense, we do 4 international trips a year and fly home to visit my family once a month.) $1k for savings $900 for food ($450 per person, AKA ~$15 per day, more than that on days where we eat out, less than that on days where we cook) $100 for phones + Internet (100 Mbps RCN @ $60 a month, my phone plus her phone is $40 a month with Google Project Fi) $100 for transportation (Our jobs provide a lot of metro credit for us each month, but we sometimes go over. We don't own a car. the rest is Uber) $100 for utilities (gas / electric / water) $800 for 'entertainment' of all different sorts combined (nightlife, concert tickets, clothes purchases, etc etc) Feels like it would be doable for kids, assuming we traveled way less, went out way less, and we're not buying new furniture left and right. [/quote]
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