Reply to Singel parent on $228K income

Forum Index » Money and Finances

Reply to "Singel parent on $228K income"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous](Sorry I messed up the earlier formatting.)

OP -- here's my suggested budget breakdown for this $2000 left that you have:

school needs (public school)...............$20/month per kid
babysitters .......................................$0/month (join a babysitting coop)
entertainment.................................$25/month (do free stuff, you are broke!)
clothing & shoes..............................$25/month per kid (buy stuff at the thrift store)
clothing & shoes..............................$25/month for you (you surely have clothes already?)
books.............................................$0/library card
health care co-pays and deductible.....$0-$50/month (isn't that what your FSA is for?)
gifts................................................$20/month per kid for holiday/birthday; small gifts for family
birthday gifts for kid friends................$10/month per kids (social reasons - dependes how many friends they have)
sports for kids...................................$200/year per sport per kid = $16/month
accountant........................................$360/year = $30/month
lawyer or financial advisor when needed $. wild card -- depends
car repairs..........................................$200/month
computer equipment/office supplies.......$100/month
haircuts- kids......................................$10/month per kid
haircuts - me.......................................$40/month
pet food/care & vet bills.........................$75/month
home goods.........................................$25/month - stop buying stuff for your home, get it at thrift store etc.
gym/exercise (no gym membership)....... $20/month towards new sneakers; exercise for free
everything else/miscellaneous..................$200/month

That totals about $900/month in expenses, if it is just you and one kid, or about $1100/month for you and two kids. There's still a good $800 left over to pay down that student loan debt.[/quote]

To be fair, as a working parent of two:
Where are you finding sports for kids for $16/month?
Haircuts for kids start at $20-$25-ish in DC
School needs: We have two kids in public and cannot work from home, aftercare for us is $800 a month for two kids at the same school (we can at least get by without beforecare with would be additional $ but some people require both).[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics