Reply to We make $260k combined….why do I feel like we have no money?

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[quote=Anonymous][quote=Anonymous]
Net combined income (after insurance and taxes and retirement contributions): $11,000

Monthly Expenses:
Mortgage PITI: $3450
Childcare: $3500
Utilities: average $750 (electric, water, Internet)
Phone bills: $150
Insurance/gas/car maintenance: $400
Medication/Therapies/medical costs: $800
Food/toiletries: $1000

This leaves us with less than $900/month to cover things like home maintenance, car repairs, clothes, haircuts, travel, incidentals, kids activities, gifts, savings, and debt payments (we have no debt but mortgage and a 0% credit card that has $12k on it).

I’m so frustrated. I feel like we can’t afford so many things I want (a dog, a 2nd car, a vacation, a personal computer, a bike). We have nothing saved for college. We are way behind on retirement. We share one car.

We have 2 kids but one of them has significant special needs so our childcare/medical expenses are unlikely to drop dramatically for at least another 3-5 years.

Any tips or commiseration? [/quote]

Utilities seem high.

We cut the cord and I now have internet only for 39.99 (FIOS).  Our children are young and we are not gamers, etc so we don't need the extra bandwidth at this point and this works for us.  It's fine for streaming Netflix(which is, for now, not our account so we don't pay for it although they have been saying that they are going to crack down on pw sharing...).

For phone, take a look at mint mobile - it is a T-Mobile bandwidth re-seller and you can get unlimited talk/text and 4 gig data for 15/month.  Again, not a gamer/streamer so this works for me - they have more expensive plans w/ more bandwidth too.

If you've had your auto insurance for more than 3-5 years, it's worth shopping around - I just did this and saved $200/year - not alot but why pay more if you don't have to?[/quote]

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