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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]Around here, mortgage alone can easily be over $3000/month and daycare or preschool for just one child can be upwards of $1200/month. I'm a single mom making less than $90K (plus $15K/year in child support) and my fixed expenses are about $4,400/month. If I dropped the internet (which I need for teleworking), directv (which is my entertainment 6 nights a week) and the data plan on my iphone, I'd save almost $200/month, but that's a drop in the bucket considering my $2700 mortgage (+insurance+taxes) and $1400/month preschool.[/quote] Your mortgage exceeds 31% of your gross monthly, you fail. http://www.bankrate.com/finance/mortgages/ratios-dictate-home-mortgage-fate.aspx[/quote]
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