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Reply to "How much money do you need monthly to maintain your life-style?"
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[quote=Anonymous][quote=Anonymous]Seems an odd sample of expenses - no one has mentioned car payments or school loans? What about retirement savings? Even if I had no mortgage or childcare/school expenses, I'd still want to save for retirement. Insurance? Purchases for the house, like furniture or or home projects? Charity donations?[/quote] OP here: I did intend to include car payments because although there would be variation it would likely be within reasonable limits. I did not intend to include school loans, retirement savings, other savings, furniture, home projects, etc because there would likely be a lot of variation depending on income, age, how much was borrowed for college, etc. But your point is well made that there are more expenses than merely what some have been outlining. My purpose in starting the topic was two-fold: it pretty much describes our own situation ie no mortgage payments or children's expenses - and we are surprised how little we do spend and yet maintain a decent lifestyle. The other reason is because I see these astronomical amounts that people seem to have saved or are aiming to save and I wonder what the intention is in saving so much money when for most people and the lifestyle they enjoy, it is just not needed.[/quote]
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