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Message
Break it down - your finances
Posted on 4/27/15 at 12:46 pm
Posted on 4/27/15 at 12:46 pm
27 years old, single
Net - $4000/month
Rent/Utilities - $1100
Savings (rainy day fund) - $440
Car w/ full coverage as stated - $420
Bills (phone, CC, etc) - $500
Grocery, Gas and Fun - $1000 (rough estimate)
Remaining money goes to retirement (about $500/month so about 12.5%)
I know it needs some improving, but being single, I'm not too stressed out. I'll start putting more towards retirement when the car is paid off, and once my rainy day fund reaches $10k, I'm gonna bring that down to $200/month, and add $240 to retirement.
Net - $4000/month
Rent/Utilities - $1100
Savings (rainy day fund) - $440
Car w/ full coverage as stated - $420
Bills (phone, CC, etc) - $500
Grocery, Gas and Fun - $1000 (rough estimate)
Remaining money goes to retirement (about $500/month so about 12.5%)
I know it needs some improving, but being single, I'm not too stressed out. I'll start putting more towards retirement when the car is paid off, and once my rainy day fund reaches $10k, I'm gonna bring that down to $200/month, and add $240 to retirement.
28
Posted on 4/27/15 at 12:56 pm to JonaYolles
quote:
Grocery, Gas and Fun - $1000 (rough estimate)
Try to get that down to $500 per month. Compound interest, my friend.
Posted on 4/27/15 at 1:11 pm to JonaYolles
quote:
Bills (phone, CC, etc) - $500
Use some of your rainy day money to pay off your debt...
Posted on 4/27/15 at 1:15 pm to JonaYolles
This post was edited on 4/27/15 at 1:26 pm
Posted on 4/27/15 at 1:21 pm to JonaYolles
Do you have a 401k? Is that part of the $500?
Posted on 4/27/15 at 1:31 pm to JonaYolles
I'm always interested to see what others are doing as well and what I need to work on.
25, single
$2800/month after taxes
650 rent
395 for monthly bills
458 to Roth IRA
320 for groceries
160 for gas
300 for misc./fun
+400 rent from GF
Leaves about 900-1000 going to savings each month.
25, single
$2800/month after taxes
650 rent
395 for monthly bills
458 to Roth IRA
320 for groceries
160 for gas
300 for misc./fun
+400 rent from GF
Leaves about 900-1000 going to savings each month.
Posted on 4/27/15 at 2:52 pm to JonaYolles
28 years old, divorced
Yes, I know I track this stuff with way too much detail, so tl;dr whatever. I always look at things as a fraction of gross income, since taxes are usually your largest expense and should be managed accordingly.
Monthly:
Gross - $12400
All taxes (Fed, FICA, Property) - $3600
All insurance (Health, dental, vision, disability, home, car) - $600
Mortgage - $1700
401k, Backdoor Roth IRA, HSA - $2200
Non-tax advantaged investing (ESPP, Brokerage) - $1000
Travel fund - $500
Bills & Utilities - $500
Groceries/restaurants - $700
Gas, Tolls - $200
Drinking/entertainment/gambling/dating- $800
Other miscellaneous - $600 (but has a bad habit of ending up in the previous category)
I know a lot of people keep a large amount in a "rainy day fund" which is a good thing. But I hate pocketing 88 cents of interest every month when that money could be better invested. So I only keep about $3K in cash and invest the rest. I can't imagine a scenario where I would need more than $3K without at least a week's notice.
Yes, I know I track this stuff with way too much detail, so tl;dr whatever. I always look at things as a fraction of gross income, since taxes are usually your largest expense and should be managed accordingly.
Monthly:
Gross - $12400
All taxes (Fed, FICA, Property) - $3600
All insurance (Health, dental, vision, disability, home, car) - $600
Mortgage - $1700
401k, Backdoor Roth IRA, HSA - $2200
Non-tax advantaged investing (ESPP, Brokerage) - $1000
Travel fund - $500
Bills & Utilities - $500
Groceries/restaurants - $700
Gas, Tolls - $200
Drinking/entertainment/gambling/dating- $800
Other miscellaneous - $600 (but has a bad habit of ending up in the previous category)
quote:
once my rainy day fund reaches $10k
I know a lot of people keep a large amount in a "rainy day fund" which is a good thing. But I hate pocketing 88 cents of interest every month when that money could be better invested. So I only keep about $3K in cash and invest the rest. I can't imagine a scenario where I would need more than $3K without at least a week's notice.
Posted on 4/27/15 at 3:41 pm to JonaYolles
(no message)
This post was edited on 4/27/15 at 4:50 pm
Posted on 4/27/15 at 3:44 pm to JonaYolles
35 years old married, 2 kids
Net-$18,000
Mortgage-$2,500
Cable, water, Entergy- $450
Credit Card-$4,000*
Daycare-$1,500
Lawn service-$150
*I put everything on my credit card for points. Insurance, groceries, dining out, etc. I pay bill in full every month. Dining out kills me. 4K is about average for me.
I save all money in a savings account until I either buy another investment property, or put it in stock market. I have a seperate savings account that I keep 20K in as my rainy day fund. Have never dipped into it once so I'm knocking on wood now.
Net-$18,000
Mortgage-$2,500
Cable, water, Entergy- $450
Credit Card-$4,000*
Daycare-$1,500
Lawn service-$150
*I put everything on my credit card for points. Insurance, groceries, dining out, etc. I pay bill in full every month. Dining out kills me. 4K is about average for me.
I save all money in a savings account until I either buy another investment property, or put it in stock market. I have a seperate savings account that I keep 20K in as my rainy day fund. Have never dipped into it once so I'm knocking on wood now.
Posted on 4/27/15 at 3:58 pm to JonaYolles
29, married, kid
About $13,875 per month gross.
Max out 401k
Roughly $1100 goes into ESPP
$1810 mortgage (screw Houston area property taxes)
940 for vehicles
200 for car insurance
350 utilities
150 cell phone
1800-2000 student loans (trying to knock them out)
About 2k per month AMEX (almost everything grocery/gas/entertainments wise goes on AMEX)
270/week for daycare
28/week lawn care.
60/week maid
About $13,875 per month gross.
Max out 401k
Roughly $1100 goes into ESPP
$1810 mortgage (screw Houston area property taxes)
940 for vehicles
200 for car insurance
350 utilities
150 cell phone
1800-2000 student loans (trying to knock them out)
About 2k per month AMEX (almost everything grocery/gas/entertainments wise goes on AMEX)
270/week for daycare
28/week lawn care.
60/week maid
Posted on 4/27/15 at 5:23 pm to JonaYolles
Single, 26.
Gross: $3232
Included in that is:
$258 for retirement
$57 for health insurance
$83 goes to my HSA
Net ~ $2500
$405- iTeach Louisiana FML ($1,215 left)
$300- Citi card ($1,489 left)
$300- Roth
$258- Auto loan
$250- Student loan
$175- auto insurance
$150- fuel
$140- food, beer, cigars
$120- rent
$100- Invest
$99- phone bill
$100- savings
$43- gym
That's equals about $2,450...most of the rest goes to Acorns.
Gross: $3232
Included in that is:
$258 for retirement
$57 for health insurance
$83 goes to my HSA
Net ~ $2500
$405- iTeach Louisiana FML ($1,215 left)
$300- Citi card ($1,489 left)
$300- Roth
$258- Auto loan
$250- Student loan
$175- auto insurance
$150- fuel
$140- food, beer, cigars
$120- rent
$100- Invest
$99- phone bill
$100- savings
$43- gym
That's equals about $2,450...most of the rest goes to Acorns.
This post was edited on 4/27/15 at 5:29 pm
Posted on 4/27/15 at 6:08 pm to JonaYolles
24 Years old, Single
$6000- Gross/Month
$3780- Net/Month after $480 Roth 401k Contributions & Taxes [$510 Company 401k Match]
($1200) Rent
($300) Food and Supps.
($220) Utilities
($200) Spending Money
($160) Gas
($110) Insurance (Truck Paid Off)
($60) Cell
($35) Gym
Everything else goes to the bank or my personal stock account.
$6000- Gross/Month
$3780- Net/Month after $480 Roth 401k Contributions & Taxes [$510 Company 401k Match]
($1200) Rent
($300) Food and Supps.
($220) Utilities
($200) Spending Money
($160) Gas
($110) Insurance (Truck Paid Off)
($60) Cell
($35) Gym
Everything else goes to the bank or my personal stock account.
This post was edited on 4/28/15 at 9:39 pm
Posted on 4/28/15 at 7:43 am to JonaYolles
40
Take home 12k
Mortgage - 2177
HOA - $130
Car - $414 (27 months)
Club dues - $400
Nanny 2x week - $800
Utilities & Cell - $600-$700
Mothers Day Out x2 - $400
Monthly Living expenses - $2000
Just broke $300k in IRA. We always keep around 50k in our checking account. Once we cut nanny and Mother's Day out program will have extra 15k/yr
Take home 12k
Mortgage - 2177
HOA - $130
Car - $414 (27 months)
Club dues - $400
Nanny 2x week - $800
Utilities & Cell - $600-$700
Mothers Day Out x2 - $400
Monthly Living expenses - $2000
Just broke $300k in IRA. We always keep around 50k in our checking account. Once we cut nanny and Mother's Day out program will have extra 15k/yr
Posted on 4/28/15 at 8:34 am to JonaYolles
I thought I was doing alright financially until I read this thread. I now know I am a peasant.
Posted on 4/28/15 at 8:50 am to JonaYolles
24 and single.
Gross - $5,600/month
401k - $560/month
(Take home is ~$3600/month after 401k and taxes)
Roth - $450/month (maxed)
Rent/Utilities - $1000/month
Other bills (car insurance, phone, gym, etc.) - $300/month
Grocery, gas, etc - $700-$800ish
The rest goes into my savings - ~$1000-$1200
I'm trying to eat out less and cook more to bring down some of those expenses, and I'm getting rid of my gym membership in a few months as well.
Gross - $5,600/month
401k - $560/month
(Take home is ~$3600/month after 401k and taxes)
Roth - $450/month (maxed)
Rent/Utilities - $1000/month
Other bills (car insurance, phone, gym, etc.) - $300/month
Grocery, gas, etc - $700-$800ish
The rest goes into my savings - ~$1000-$1200
I'm trying to eat out less and cook more to bring down some of those expenses, and I'm getting rid of my gym membership in a few months as well.
This post was edited on 4/28/15 at 8:52 am
Posted on 4/28/15 at 9:19 am to JonaYolles
27, married, no kids
Net-$6100/month
Rent-$1200
Retirement-$575
Health Ins-$130
Vehicle-$520 (including insurance)
Utilities-$150
Savings-$1400
Phone-$175
Cable/Internet-$130
CC-$200
The remaining ~$1500 is split between groceries, dining out, gas and Misc.
Net-$6100/month
Rent-$1200
Retirement-$575
Health Ins-$130
Vehicle-$520 (including insurance)
Utilities-$150
Savings-$1400
Phone-$175
Cable/Internet-$130
CC-$200
The remaining ~$1500 is split between groceries, dining out, gas and Misc.
Posted on 4/28/15 at 10:05 am to JonaYolles
27, single
**All figures from my personal capital app as of last 30 days.
Gross - $6,667
frickING FED TAXES - $1,025
frickING STATE TAXES - $224
frickING SOCIAL SECURITY - $399
frickING MEDICARE - $94
Insurance (Med/Cancer/Dental) - $240
401(k) - $400
Net - $4,285
Mortgage - $0 (offset by renters)
Truck - $0 Family company owned (insurance as well)
Cell - $0 Family company owned
Groceries - $360
Restaurants - $350
Maid - $280
Fuel - $222
Cable/Internet - $44 (1/4 of household)
Power - $37 (1/4 of household)
Net - $2,992
Miscellaneous bullshite - $1,399
Savings - $1,593
Jesus H. somebody help me.
**All figures from my personal capital app as of last 30 days.
Gross - $6,667
frickING FED TAXES - $1,025
frickING STATE TAXES - $224
frickING SOCIAL SECURITY - $399
frickING MEDICARE - $94
Insurance (Med/Cancer/Dental) - $240
401(k) - $400
Net - $4,285
Mortgage - $0 (offset by renters)
Truck - $0 Family company owned (insurance as well)
Cell - $0 Family company owned
Groceries - $360
Restaurants - $350
Maid - $280
Fuel - $222
Cable/Internet - $44 (1/4 of household)
Power - $37 (1/4 of household)
Net - $2,992
Miscellaneous bullshite - $1,399
Savings - $1,593
Jesus H. somebody help me.
This post was edited on 4/28/15 at 10:07 am
Posted on 4/28/15 at 10:57 am to JonaYolles
My balance sheet sucks right now
30 married, no kids
Monthly household income, after tax - 15
Cash - 20
Investments - 20
House - 400
Automobiles - 20
Retirement - 80
Mortgage - 280
Student loans - 20
Auto loan - 15
30 married, no kids
Monthly household income, after tax - 15
Cash - 20
Investments - 20
House - 400
Automobiles - 20
Retirement - 80
Mortgage - 280
Student loans - 20
Auto loan - 15
Posted on 4/28/15 at 1:23 pm to JonaYolles
Here's a screenshot of mine:
Family of 3. Wife is a teacher. I'm a grad student. Life is a bit tough right now financially.
Some notes:
Daycare is actually about $650/month but our teacher is taking a few days off in May. We use a Flex account, so some of that money comes back.
I'm an accidental landlord, so I've kept the $45/month American Homeshield payment in case of emergencies.
Shopping and Necessities are kind of combined and fluctuate. My son is two so between clothes, toys, diapers, lotion, diaper cream (shite is expensive), doctor visits, medicine, etc - it can add up. Then there's needs that my wife and I have such as new shoes, clothes, pants (my jeans just ripped), detergent, etc.
Gifts are $50/month because we give a good bit when we can.
Discover card is almost paid off. Citi card is interest free for another 9 months and the $75/month will pay it off without interest.
We make $4400 combined after FLEX account "refund" and some supplemental income of mine.
Family of 3. Wife is a teacher. I'm a grad student. Life is a bit tough right now financially.
Some notes:
Daycare is actually about $650/month but our teacher is taking a few days off in May. We use a Flex account, so some of that money comes back.
I'm an accidental landlord, so I've kept the $45/month American Homeshield payment in case of emergencies.
Shopping and Necessities are kind of combined and fluctuate. My son is two so between clothes, toys, diapers, lotion, diaper cream (shite is expensive), doctor visits, medicine, etc - it can add up. Then there's needs that my wife and I have such as new shoes, clothes, pants (my jeans just ripped), detergent, etc.
Gifts are $50/month because we give a good bit when we can.
Discover card is almost paid off. Citi card is interest free for another 9 months and the $75/month will pay it off without interest.
We make $4400 combined after FLEX account "refund" and some supplemental income of mine.
Posted on 4/28/15 at 1:30 pm to JonaYolles
I wish I put more to savings. Last month I ran in the red, so I didn't pay myself anything, but I did use the company accounts to pay my bills. ( I need to seperate the two, but I run everything from one Checking account)
My dining out and 'fun' budget is 2x my savings.
My vacation budget is almost as large. (save monthly to go on 3-4 vacations a year)
My dining out and 'fun' budget is 2x my savings.
My vacation budget is almost as large. (save monthly to go on 3-4 vacations a year)
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