Reply to If you classify yourself as UMC, how much do you spend in total each month?

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Reply to "If you classify yourself as UMC, how much do you spend in total each month?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Divorced mom if 2 kids in college

$180K HHI

10-11K/mth

I go into my savings for college about $8K/year.
[/quote]

We're somewhere in that $200k HHI and $10-12k/month spending camp. Crazy to see all these reported $500K+ HHI and $10-15k monthly spending. We [i]were[/i] spending ~$6k/month a few years ago when we were still living in an apartment and didn't have a kid. Now we have a house and a kid in daycare with more on the way. Sometimes those two things intersect like when our toddler jammed something down our bathroom drain (we learned later), clogged it up, and then the drain pipe split open when the plumbers came out to snake it. That was about $4,500 to cut open the ceiling, replace pipes, drywall it all back together, etc.

I will say if these spending amounts are just people estimating then I don't put much stock in them. If you actually keep a budget, track your spending, or are looking at bank statements then OK. [/quote]

I’m pretty confident in my answer on both sides of the ledger: credit card bills tracking spending and investment accounts tracking growing savings. [/quote]

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