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Reply to "What's your family size and how much do you spend each month total?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I agree with the PP. I'm a single mom to one school aged child. I make around $50K per year and I feel well off. We have enough to eat, we live in a safe home, my son goes to a great public school, I have enough to pay all of my bills. Yet someone else would say someone earning $50K can't possibly live well in this area. We can and we do.[/quote] Are you planning to live on social security in retirement?[/quote] Not the PP, but same demographics on just under 70K a year. I feel the same. I have a pension, save 15% towards retirement (plus match), and mortgage will be paid off the year my little one hits undergrad. I'll be 44. Can retire at 50. Live in DC and love our place. I probably eat out and travel more than the average person on DCUM. Childcare costs are $0, mortgage is super low, SL debt is nearly paid off and $60/month. My ex and I stagger our schedules to avoid before/aftercare fees. [/quote] Okay, I'm game. How much do you spend per month, or however you track it, on travel and eating out?[/quote] Eating out, probably $300-400/month. Would cost more, but I'm also dating (so not always paying) and guy friends often will cover me. Eating in is cheap for us as we eat beans/rice/veggies for at least one meal per day (vegetarian household). Travel is tricky...I travel often for work and tack on personal travel to a business trip or use miles/points for personal trips. For instance, I just travelled from DC to the Dominican Republic to Los Angeles (business/first class for those legs) and back to DC and paid about $180 out of pocket earlier this weekend. Rental and hotel was out of pocket. This past weekend, I took a Chinatown bus up to NYC for the weekend. Paid $50 for the bus and $20 for subway fare and stayed with a friend. I have other international trips lined up that come with free lodging (have friends there). When we lived abroad, I would provide a free room and my car to friends and family. FYI, this is why I often eat and travel for less as people love to return the favor. Travel probably costs me about 5K a year (travel expenses only). Tickets to Panama and Costa Rica can be had for $250-350. I tend to do the Caribbean/Latin America trips with DC in tow as its easier to find two cheap flights and fly further solo. I paid $800 the less time we flew to South America for both of our flights in May. [/quote]
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