Reply to Could you live comfortably on $7500 a month?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

I find this hard to believe. We have no debt except for our mortgage.  I'll breakdown our expenses:

Income:  7800/month
Expense:
1850 = mortgage + tax
 600 = all insurance (life, house, car)
 350 = cell phone + cable
 400 = house utilities ( average) for water, electricity, trash, heat
1000= food
---------
4200 subtotal

I haven't yet added gas, stuff for the house (like cleaning supplies), clothing, etc.. and activities for the kids - which can be a fair amount.  Maybe your kid has no activities?

If we don't have any extra expense, like doing stuff on the house, going out, or travel, then we can save about 1500.  [/quote]

OK 
2000= mortgage, tax and insurance
$600 YEAR car insurance (home insurance is in mortgage, work provides life, and health was already deducted)
$66 cell phone, no cable
$200 utility
$500 food
Equals 2750 a month[/quote]

But what about your expensive furniture, vacations and clothes? If that is coming out of savings, then you are not really saving. You are just postponing your expenses, and ideally you should divide them up and add to monthly expense calculations.[/quote]

Yes. PP is budgeting, not saving. [/quote]

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