Anonymous
03/30/2014 23:00
Subject: What are your monthly expenses?
Anonymous wrote:Anonymous wrote:seriously you spend a total of $45k to live onwhen you make $450k??? And less than $2k on everything besides rent. Do you not have cable, internet, etc? or do you eat ramen when not at michenlin restaurants? I'm just curious... not slamming trying to find out if we are doing something wrong since our food budget alone is 50% of your total everything else!
No cable, have Netflix/internet. We have smartphones on a Ting plan. My work covers my data, but since our total bill is under $40 it doesn't make a huge difference. We try to cook ourselves (order a CSA box each week). I live within a half mile of the office, SO takes public transportation to get to work. Thus, we don't drive a lot and only have 1 car.
One day a few years ago, I took a long hard look at my financial picture and decided to just start cutting things that either a) took a huge chunk out of my budget or b) wasn't important to me. At the time, I was living alone and paying $35K a year in rent. Decided to get a roommate and cut rent to a third of that. That was the start and just kept tightening things up. Tracking spending was a huge help.
We live the same way only buy what we need, spend on a nice dinner or vacation every now and then. Income isn't even half yours, so won't have as sweet a retirement or buy a house with cash later. Good job, keep it up.
Anonymous
03/30/2014 22:23
Subject: What are your monthly expenses?
I'm probably forgetting something but:
Rent - $1775
Daycare - $1120
Food, groceries + eat out - $1000-1200 (we could definitely cut back)
Phone - $100 family plan
Internet - $50
Car loan - $260
Electricity - $40-150 depending on weather
Gas - $70
Car insurance - $90
Student loans - $315
We don't do monthly hair cuts, clothes, etc but those are low - 2k for clothes for the family, $200 or less on hair & beauty appts.
Rent - $1775
Daycare - $1120
Food, groceries + eat out - $1000-1200 (we could definitely cut back)
Phone - $100 family plan
Internet - $50
Car loan - $260
Electricity - $40-150 depending on weather
Gas - $70
Car insurance - $90
Student loans - $315
We don't do monthly hair cuts, clothes, etc but those are low - 2k for clothes for the family, $200 or less on hair & beauty appts.
Anonymous
03/30/2014 21:51
Subject: Re:What are your monthly expenses?
Take home $6500 - rental 1000 - mortgage 32500, the rest is gas, food ,electric, oil, phones, internet, cable the rest!
Even when he had an additional 1,800 from second rental...still can,t SAVE...help
Even when he had an additional 1,800 from second rental...still can,t SAVE...help
Anonymous
10/24/2013 21:44
Subject: What are your monthly expenses?
Takehome is $18k after 401k deductions
Mortgage: $4k
Nanny: $3k
Food : $1500
Utilities + phone + internet : $500
toys , clothes, pharmacy, car repairs, hardware store, etc (ie credit card) : $3k
medical expenses: $500
housekeeper: $500
Not sure where other stuff is going but we probably save $3-$4k / month. As for the 50% poster, we all have our own ways with money. If you want to be a saver, go for hit. The bulk of our income is lifetime employment (tenured professor) and we have more money than time, so I spend to make sure life is easy enough that I can do the things I want and spend time with my kids. Lecture me when I have credit card debt or am filing for bankruptcy because I bought too many pairs of Jimmy Choos
Anonymous
10/24/2013 21:34
Subject: What are your monthly expenses?
After taxes, 401k, health insurance, our take-home is about $7500.
Expenses are $6200.
Expenses are $6200.
Anonymous
10/24/2013 17:04
Subject: What are your monthly expenses?
^^^ that should be IRA, not IRS!
Anonymous
10/24/2013 17:03
Subject: What are your monthly expenses?
Mortgage: $3600
After school care: $400
Gas/Electric: $150-200
Cell: $100
Car: $200
Kid's Activities: $200
Groceries: $800
Everything Else: $1400-1800
Cable/Internet: $180
Car Insurance: $100
Lawn Maintainance: $80
College Savings: $500
Country Club: $400 (includes some dining)
IRS - $900
Take home is $12K so the rest ($2.5Kish) goes into savings (less in summer (camps)).
After school care: $400
Gas/Electric: $150-200
Cell: $100
Car: $200
Kid's Activities: $200
Groceries: $800
Everything Else: $1400-1800
Cable/Internet: $180
Car Insurance: $100
Lawn Maintainance: $80
College Savings: $500
Country Club: $400 (includes some dining)
IRS - $900
Take home is $12K so the rest ($2.5Kish) goes into savings (less in summer (camps)).
Anonymous
10/24/2013 16:59
Subject: What are your monthly expenses?
Anonymous wrote:seriously you spend a total of $45k to live onwhen you make $450k??? And less than $2k on everything besides rent. Do you not have cable, internet, etc? or do you eat ramen when not at michenlin restaurants? I'm just curious... not slamming trying to find out if we are doing something wrong since our food budget alone is 50% of your total everything else!
No cable, have Netflix/internet. We have smartphones on a Ting plan. My work covers my data, but since our total bill is under $40 it doesn't make a huge difference. We try to cook ourselves (order a CSA box each week). I live within a half mile of the office, SO takes public transportation to get to work. Thus, we don't drive a lot and only have 1 car.
One day a few years ago, I took a long hard look at my financial picture and decided to just start cutting things that either a) took a huge chunk out of my budget or b) wasn't important to me. At the time, I was living alone and paying $35K a year in rent. Decided to get a roommate and cut rent to a third of that. That was the start and just kept tightening things up. Tracking spending was a huge help.
Anonymous
10/24/2013 16:16
Subject: What are your monthly expenses?
After tax bring in $13k per month
Mortgage: 3500
Utility, phone, etc: 1000
Food: 1000
Car and gas: 400
Kids sports: 500
Clothes/shoes: 300
Misc including travel:3000
Savings incl 529: 3500
Mortgage: 3500
Utility, phone, etc: 1000
Food: 1000
Car and gas: 400
Kids sports: 500
Clothes/shoes: 300
Misc including travel:3000
Savings incl 529: 3500
Anonymous
10/24/2013 15:41
Subject: What are your monthly expenses?
seriously you spend a total of $45k to live onwhen you make $450k??? And less than $2k on everything besides rent. Do you not have cable, internet, etc? or do you eat ramen when not at michenlin restaurants? I'm just curious... not slamming trying to find out if we are doing something wrong since our food budget alone is 50% of your total everything else!
Anonymous
10/24/2013 13:26
Subject: What are your monthly expenses?
We are in our early 30s/late 20s and make over $450K a year from our jobs. Rent is $1900/mo. We spend about $1900/mo. on everything else, including food, utilities, clothing, etc. Save $230K a year from our combined pay after taxes. No kids yet, but still a very high cost of living area.
That being said, we don't feel like we deprive ourselves. Drive an entry level luxury car (e.g., Lexus, Infiniti). Eat out at Michelin restaurants several times a year. I wear high fashion clothing I get from Yoox (I select my pieces carefully so don't have a shit-ton), etc. All about priorities.
That being said, we don't feel like we deprive ourselves. Drive an entry level luxury car (e.g., Lexus, Infiniti). Eat out at Michelin restaurants several times a year. I wear high fashion clothing I get from Yoox (I select my pieces carefully so don't have a shit-ton), etc. All about priorities.
Anonymous
10/24/2013 10:13
Subject: What are your monthly expenses?
Mortgage: $2000
Childcare: $4500
Food, gas, electric, heat, water, internet, tv, cell phone, going out, insurance, everything else: ~$4000
-----
Tot: ~$11,000
Income: ~$13,000 / mo
Assets: $1,675,000
Debt: $360,000
The day I am free of the childcare costs will be like winning the lottery.
Childcare: $4500
Food, gas, electric, heat, water, internet, tv, cell phone, going out, insurance, everything else: ~$4000
-----
Tot: ~$11,000
Income: ~$13,000 / mo
Assets: $1,675,000
Debt: $360,000
The day I am free of the childcare costs will be like winning the lottery.
Anonymous
10/24/2013 09:36
Subject: What are your monthly expenses?
Anonymous wrote:Anonymous wrote:Joint:
Mortgage: $2500
Day Car: $800/1child
Credit Card: $1000 (average)
Utilities: $500
Salary Contribution: $2000/him, $1500/me
Rental income: $1000
Mine:
Car Loan: $500 (0% interest)
Credit Card: $800
Car Ins: $40
Savings: $2000
His:
I don't have a clue but suspect he saves a lot more than me, he's not a spender.
This doesn't add up. Your take home is 2000+1500+1000 = 4500
4500
- mortgage 2500
= 2000
- daycare, credit card and utilities (2300 per your numbers)
negative 300 left
then you say an additional expense of 500 (car), 800 (cc), and 40 (car ins) and ANOTHER 2000 savings??
Does not add up, pp. I've been doing a budget for 15 years. Something is wrong.
Sounds like they do what my wife and I do and allocate a certain amount of their income for joint expenses and the rest for personal expenses so PP left out the part of their respective incomes that goes towards separate expenses.
Anonymous
10/24/2013 08:14
Subject: What are your monthly expenses?
Bring home about $3000 after insurance, 401K, etc.
Rent: $1325
Utilities (internet, cell, electric): $80
Afterschool Care: $300
Debts (1 credit card, various medical bills, student loans): $300
Car expenses (gas and parking, car is paid off): $250
Groceries: $250
Misc: $100
That leaves about $400, which I split between savings and extra debt payments.
I do live with my fiance, he pays 50% of rent, utilities and groceries. I pay for his health insurance, he pays for renter's insurance, car insurance and repairs. He brings home about the same as I do, but has a higher debt load due to student loans.
Rent: $1325
Utilities (internet, cell, electric): $80
Afterschool Care: $300
Debts (1 credit card, various medical bills, student loans): $300
Car expenses (gas and parking, car is paid off): $250
Groceries: $250
Misc: $100
That leaves about $400, which I split between savings and extra debt payments.
I do live with my fiance, he pays 50% of rent, utilities and groceries. I pay for his health insurance, he pays for renter's insurance, car insurance and repairs. He brings home about the same as I do, but has a higher debt load due to student loans.
Anonymous
10/24/2013 08:05
Subject: Re:What are your monthly expenses?
^^ Husband does not have long commute, just copied the format from a previous poster.