Anonymous
05/12/2013 21:13
Subject: Family budget if your income is around $180-200K
Anonymous wrote:Anonymous wrote:About $9000 after maxing out 401k and healthcare costs
Mortgage 1,900
Student loans 2,000
Investment property mort and fee 1,100
Childcare 1,500
Car 400
Cable, utilities, 450 (includes prorated water bill)
Commuting and gas 350
Food 750
Formula & diapers 400
Yard 125
Cleaners 250
Savings 500
Misc household/clothes 400
Needless to say, we are aggressively paying down debt. The car will be paid in full in a few months, the student loans in 15 months (yay!!). Then we will increase retirement savings/investments, fund the 529s (DCs are under 3 so still have time to catch up) and save to buy another investment property.
This is $10,125 in costs.
Good job though.
Maybe PP left out the income from the investment property?
Anonymous
05/12/2013 18:03
Subject: Re:Family budget if your income is around $180-200K
Take home: $10,100 (after 401k (15% contribution for each of us), health/dental ins,etc.)
3250 Mortgage
1600 Childcare
237 Student loan 1
151 Student loan 2
750 groceries
400 gas
250 electric
450 sinking fund for irregular bills (life insurance, etc)
210 cable/internet/phone
165 cells
50 water
This adds up to $7513. The remaining money ($2587) is just miscellaneous expenses, not bills. We have around $85K in a liquid emergency fund, so we don't have a line item for savings right now, although when child care expenses drop, we will go back to saving.
3250 Mortgage
1600 Childcare
237 Student loan 1
151 Student loan 2
750 groceries
400 gas
250 electric
450 sinking fund for irregular bills (life insurance, etc)
210 cable/internet/phone
165 cells
50 water
This adds up to $7513. The remaining money ($2587) is just miscellaneous expenses, not bills. We have around $85K in a liquid emergency fund, so we don't have a line item for savings right now, although when child care expenses drop, we will go back to saving.
Anonymous
05/10/2013 20:15
Subject: Family budget if your income is around $180-200K
Anonymous wrote:Anonymous wrote:I think you are all amazing with your money. I don't know how you do it. The little things add up to so much; school supplies, parts to repair this and that, groceries, take-out etc. Your budgets seem so tight and organized.
If you don't track, how do you know if you are living within or over budget? I budget miscellaneous which includes school supplies and the random parts purchase.
Can tell we live within budget because have money left over, after having taken out for savings/investments.
Some of the budgets are over the 'take home' though so perhaps some pp's spend more than they think they do?
Anonymous
05/10/2013 11:38
Subject: Family budget if your income is around $180-200K
Anonymous wrote:I think you are all amazing with your money. I don't know how you do it. The little things add up to so much; school supplies, parts to repair this and that, groceries, take-out etc. Your budgets seem so tight and organized.
If you don't track, how do you know if you are living within or over budget? I budget miscellaneous which includes school supplies and the random parts purchase.
Anonymous
05/10/2013 07:38
Subject: Family budget if your income is around $180-200K
Anonymous wrote:Which gym is $30 a month?
L.A. Fitness in SS.
Anonymous
05/10/2013 00:54
Subject: Family budget if your income is around $180-200K
Which gym is $30 a month?
Anonymous
05/09/2013 20:12
Subject: Family budget if your income is around $180-200K
OP here
We like to say we are not poor, just broke
We like to say we are not poor, just broke
Anonymous
05/09/2013 20:05
Subject: Family budget if your income is around $180-200K
Omg student loans suck
Anonymous
05/09/2013 19:24
Subject: Family budget if your income is around $180-200K
I think you are all amazing with your money. I don't know how you do it. The little things add up to so much; school supplies, parts to repair this and that, groceries, take-out etc. Your budgets seem so tight and organized.
Anonymous
05/09/2013 18:28
Subject: Family budget if your income is around $180-200K
Anonymous wrote:How can gym be only $30 for a family of at least 3? We pay $120 a month and that is the lowest we can find.
Anonymous wrote:Anonymous wrote:Anonymous wrote:It was interesting to see what people did with $375K. Now what about us "poor" folks?
$9500 monthly take home pay (after retirement/health care)
Retirement is 5% and health care is $300 month
$2100 mortgage
$3500 childcare/tuition
$815 student loans
$1000 food (includes dining out and some household goods)
$500 utilities/cable/internet/cell phones
$500 shopping/activities/Target
$300 housekeeper (money well spent!!)
$250 gas/insurance/parking
$100 charity
$50 medical expenses (prescriptions/co-pays)
$100 life insurance
$30 gym
Anyone else?
I seriously hope you meant "poor" in quotes because otherwise this is really offensive.
You see the actual quotes, right ?
$30 is just for me. Its $40 with childcare. DH plays sports.
Anonymous
05/09/2013 18:22
Subject: Family budget if your income is around $180-200K
How can gym be only $30 for a family of at least 3? We pay $120 a month and that is the lowest we can find.
Anonymous wrote:Anonymous wrote:Anonymous wrote:It was interesting to see what people did with $375K. Now what about us "poor" folks?
$9500 monthly take home pay (after retirement/health care)
Retirement is 5% and health care is $300 month
$2100 mortgage
$3500 childcare/tuition
$815 student loans
$1000 food (includes dining out and some household goods)
$500 utilities/cable/internet/cell phones
$500 shopping/activities/Target
$300 housekeeper (money well spent!!)
$250 gas/insurance/parking
$100 charity
$50 medical expenses (prescriptions/co-pays)
$100 life insurance
$30 gym
Anyone else?
I seriously hope you meant "poor" in quotes because otherwise this is really offensive.
You see the actual quotes, right ?
Anonymous
05/09/2013 17:42
Subject: Family budget if your income is around $180-200K
Anonymous wrote:About $9000 after maxing out 401k and healthcare costs
Mortgage 1,900
Student loans 2,000
Investment property mort and fee 1,100
Childcare 1,500
Car 400
Cable, utilities, 450 (includes prorated water bill)
Commuting and gas 350
Food 750
Formula & diapers 400
Yard 125
Cleaners 250
Savings 500
Misc household/clothes 400
Needless to say, we are aggressively paying down debt. The car will be paid in full in a few months, the student loans in 15 months (yay!!). Then we will increase retirement savings/investments, fund the 529s (DCs are under 3 so still have time to catch up) and save to buy another investment property.
This is $10,125 in costs.
Good job though.
Anonymous
05/09/2013 12:25
Subject: Re:Family budget if your income is around $180-200K
Anonymous wrote:We take home about $9000 a month after retirement, health insurance, charity and flex dependent and health care costs are deducted)|
2200 Mortgage (PITI)
1500 Childcare
400 Gas, car insurance, tolls, car repairs/maintenance
400 College savings for two kids
200 Kids activities
600 Shopping (includes Target, Costco, clothing, makeup and anything non-food related)
800 Food (groceries and dining out)
500 Utilities, TV, phone and Internet
200 Doctor and dentist co-pays, prescriptions, eyecare
150 Housecleaning
80 Gym
Anything left- gifts, home repairs, non-retirement savings, haircuts, etc.
Wow, PP, our budget is very much like yours except that our medical/dental bills are higher (so no gym or housecleaning). Our mortgage is lower and our childcare is higher. Doable but not a lot of extras.
Anonymous
05/09/2013 12:19
Subject: Family budget if your income is around $180-200K
~9k/mo
2500 student loan payments
2000 mortgage & condo dues, includes utilities
1000 retirement
1000 savings
500 health insurance
100 life insurance
600 car payment
200 phones
1600 flexible spending: from groceries and diapers to new glasses, depends on the week.
Usually breaks down to:
600 groceries
100 amazon delivery, diapers, wipes, etc
100 something totally unexpected (this month it's warby parker glasses because my old ones broke)
200 work lunches
200 date nights
200 babysitter for said date nights
150 laundry
100 charitable
2500 student loan payments
2000 mortgage & condo dues, includes utilities
1000 retirement
1000 savings
500 health insurance
100 life insurance
600 car payment
200 phones
1600 flexible spending: from groceries and diapers to new glasses, depends on the week.
Usually breaks down to:
600 groceries
100 amazon delivery, diapers, wipes, etc
100 something totally unexpected (this month it's warby parker glasses because my old ones broke)
200 work lunches
200 date nights
200 babysitter for said date nights
150 laundry
100 charitable
Anonymous
05/09/2013 12:18
Subject: Family budget if your income is around $180-200K
We give to SOME and Capital Area Foodbank. We used to give a lot more but, money is tight these days. I figure we can spare 25-50 a month easily.