Reply to Singel parent on $228K income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]And every day some other expense doubles or increases by 10-20%. WWYD? I am 50 and don't own a home.[/quote]

I’ll bite.  I’m a single parent and I make $230.  I understand what you’re saying about the constant increases.  Everyone is feeling that.  But I’m choosing to stuff money into my retirement accounts.  I know where my money is going.  I wish I had enough to have the amount of disposable income I think I should have in my brain.  But as long as I make the choice to save it, I don’t get to spend it today.  So Op—where are you spending your money?[/quote]

$30K/year to retirement 
That leaves $198 pretax
After retirement, taxes, FSA, health insurance premium I see $4660 biweekly. 
So $9K/month.
$3K to rent 
$60 water + $70 electric + $60 WiFi + $60/m subscriptions + $100 cellphone
$800 groceries + $100 pharmacy
$200 gas + $100 car insurance + $100 parking. Car is paid off.
$700 student loans
$400 supplemental disability insurance 
$1000 combined summer camp, vacation & annual travel
That leaves ~$2K for school needs (public school), babysitters, entertainment, clothing & shoes, books, health care co-pays and deductible, gifts, sports for kids, accountant, special services like lawyer or financial advisor when needed, car repairs, computer equipment/office supplies, haircuts, pet food/care & vet bills, home goods, gym/exercise (no gym membership), and everything else.
I barely leave home or shop, have no cable/TV/landline am somehow living paycheck to paycheck apart from the retirement savings.
[/quote]

OP, we have a similar income, and also find it difficult to save with two kids (aftercare, out of school activities, summer camp for two kids is ridiculous, and every month something comes up. In the last few months, that included a roof leak that was a few grand to repair, a fridge leak that was a few hundred to repair including the floor it warped, two major healthcare bills that were $1k each after insurance, and on and on). Even at a decent income, it's really tough in the DC area, and extra so if you have loans. [/quote]

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