Reply to I hate being stuck at $230k HHI and feel poor AF

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[quote=Anonymous][quote=Anonymous]

$8500 per mo.take home.

-$3100 mortgage
-$300 gas + electric
-$80 internet
-$100 cell phone
-$600-800 groceries
-$125 gas
-$150 car insurance

=-$5000 before counting for any health problems, car repair, clothes, health care, savings, weddings, parties, and other emergency expenses.  [/quote]

That's about right. At your income level, once you have covered what Dave Ramsey calls "The Four Walls" of Shelter, Utilities, Food, and Transportation (the basic necessities) you have about $4000 a month left for discretionary spending. (I take away at least an extra $1,000 from that $5,000 because you should be saving at least that much for house and car repairs). I assume you already had health insurance premiums deducted?

$4000/month for discretionary spending is plenty! It isn't luxurious. But it's plenty. 
$4000 monthly:

Health care/medication Copays: $250 (Sign up for an FSA if you can)
Clothing,Haircuts, Grooming: $250
Hobbies and Clubs and Sports: $250
Dining out: $250
Weddings/Entertaining at home/Gifts/Travel: $500 
Saving cash for a future car: $500
Miscellaneous:  $2000

[/quote]

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