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re: Break it down - your finances

Posted on 4/27/15 at 1:42 pm to
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 4/27/15 at 1:42 pm to
32, married with 2 kids, so I'll combine numbers

Income = 9,500 net
car notes/insurance/gas = 1,950
Mortgage + utilities = 2,100
Daycare = 650 (dropping this in a few months)
Groceries = 500
Eating out = 350
Savings = 1200 minimum plus any leftovers
401K = 750 plus company match
IRA = max at end of year usually
Wife has state retirement benefits but I have also started her a roth


Our vehicles are expensive and we eat out too much which really needs to change if we want to save more.

We have the goal of building/buying a new house in the next 3 years.

Posted by anc
Member since Nov 2012
18148 posts
Posted on 4/27/15 at 3:01 pm to
39, married with two kids

Income: $9300 net
Mortgage: $1655
Electricity: $132
Gas: $59
Cable/Internet: $110 (I splurge, I know)
Groceries: $528 rolling 6 month average
Dining Out: $290 rolling 6 month average
Household: $89 rolling 6 month average
401k: $750 plus company match
IRA: $916.67
Vacation Fund: $300
Christmas Club: $100
Brokerage Account: $2500
College fund: $500
Blow Account: $620 (eating out lunches, miscellany purchases)
Slush Fund: $750

Compound Interest is the greatest power on earth. On about a $130k combined income, we should retire well into 8 figures just by not doing stupid shite.
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16930 posts
Posted on 4/28/15 at 10:53 am to
eta: High End Country Club Membership
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