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Reply to "Could you live comfortably on $7500 a month?"
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[quote=Anonymous]Yes. Based on my experience growing up, our family of 5 is living very comfortably on $7200 a month. Our Mortgage is $2k One car paid off, one car loan at $300/month Utilities around $200 Grocery budget is $1000 (which I find rather generous) Saving $2000/month No cable, prepaid phones, eat out 1x month, cook 90% of our meals from scratch and take lunches to work/school I stay at home with kids We don't go shopping 'for fun' and only buy what we need. Then we tend to buy better quality. No 529s or other savings/investments (yet). Our 'splurge' is yearly travel to Europe to visit family.[/quote]
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