- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
What would you consider the minimum leftover disposable income
Posted on 5/13/13 at 12:50 am
Posted on 5/13/13 at 12:50 am
That a home-owning couple (no kids) should have per month?
After mortgage, taxes, groceries, insurance, utilities, gasoline, car payments, and the other various necessary bills what is the minimum you should have left over per month in order to feel/be secure (iyo)?
After mortgage, taxes, groceries, insurance, utilities, gasoline, car payments, and the other various necessary bills what is the minimum you should have left over per month in order to feel/be secure (iyo)?
This post was edited on 5/13/13 at 12:52 am
3
Posted on 5/13/13 at 1:28 am to genro
The goal is to cut costs where you can, and to boost income where you can. Don't plan for a target surplus, that's simply a consequence of other decisions.
Posted on 5/13/13 at 1:43 am to foshizzle
The goal here is to find out how expensive your house should be - how much you can pay in mortgage - and still be financially secure.
Posted on 5/13/13 at 6:45 am to genro
quote:
The goal here is to find out how expensive your house should be - how much you can pay in mortgage - and still be financially secure.
Mortgage, tax & insurance shouldn't exceed about 25% of your gross
As for your original question, the answer is different for everyone
Posted on 5/13/13 at 9:54 am to genro
I would say about $500. But that assumes no 'unexpected' expenses. And the unexpected ALWAYS happens.
Like the garbage disposal breaks down. Or the wife MUST have a $300 facial treatment. Or you need new tires for the car.
There are dozens of things that are not part of regular expenses that must be paid for and are not covered by your homeowners insurance.
Like the garbage disposal breaks down. Or the wife MUST have a $300 facial treatment. Or you need new tires for the car.
There are dozens of things that are not part of regular expenses that must be paid for and are not covered by your homeowners insurance.
Posted on 5/13/13 at 10:59 am to genro
For me its 3k-5k/mo. For you, no idea.
28-36% of income says every expert ever. I tend to agree. Know thy self to figure out where you land in the 28-36%. Of course lower is fine
quote:
The goal here is to find out how expensive your house should be - how much you can pay in mortgage - and still be financially secure.
28-36% of income says every expert ever. I tend to agree. Know thy self to figure out where you land in the 28-36%. Of course lower is fine
This post was edited on 5/13/13 at 11:02 am
Posted on 5/13/13 at 11:10 am to Zach
quote:
I would say about $500.
a week maybe
Posted on 5/13/13 at 11:28 am to ItNeverRains
quote:
For me its 3k-5k/mo. For you, no idea.
We're on the high side of that but I agree.
Posted on 5/13/13 at 11:39 am to Zach
I'll give your wife a facial for $50.
Posted on 5/13/13 at 11:47 am to genro
quote:
The goal here is to find out how expensive your house should be - how much you can pay in mortgage - and still be financially secure.
Your mortgage payment should be no more than 25-35% of your gross income. 35% is not what I'd do, but most are ok financially with this. Personally I live on about 35-40% of my income currently because I want to retire very rich before age 50 and run my own Charter Fishing/sailing/hotel (bed and breakfast) until I die. But I'm crazy.
Posted on 5/13/13 at 11:55 am to Vols&Shaft83
quote:
run my own Charter Fishing/sailing/hotel (bed and breakfast) until I die.
way too much work for when I retire
Posted on 5/13/13 at 11:59 am to yellowfin
quote:
way too much work for when I retire
If you love what you do, you never work a day in your life
Posted on 5/13/13 at 12:00 pm to yellowfin
quote:
I would say about $500. a week maybe
Well, I'm assuming the OP is talking about a couple with one earner. In a two earner family I'd put it closer to 1K. If you're taking in more than that per month then you're partying too much and should be paying down debt.
Posted on 5/13/13 at 12:02 pm to Vols&Shaft83
you ever work on a charter boat?
if you love that then have fun
if you love that then have fun
Posted on 5/13/13 at 12:20 pm to oR33Do
quote:
I'll give your wife a facial for $50.
My wife is still mourning the loss of our dog. So, you'll forgive me if I don't relay your crass offer.
Posted on 5/13/13 at 12:24 pm to Zach
quote:
Well, I'm assuming the OP is talking about a couple with one earner. In a two earner family I'd put it closer to 1K. If you're taking in more than that per month then you're partying too much and should be paying down debt.
I spend more than that a month in gas for my boat
Posted on 5/13/13 at 1:03 pm to yellowfin
quote:
I spend more than that a month in gas for my boat
Glad for ya. I'm just a poor guy from New Iberia trying to make do.
Posted on 5/13/13 at 4:40 pm to Zach
All I every do is party too much and accumulate debt
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News