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Started By
Message
re: Break it down - your finances
Posted on 4/27/15 at 4:04 pm to theBeard
Posted on 4/27/15 at 4:04 pm to theBeard
I'm poor
ETA: Here are my budgets on Mint. Typically come in pretty close and if I go over on one thing I'm typically under on something else.
22/single.
Income after tax: $2,200
Mortgage/Rent: $900
Groceries: $150
Alcohol&Bars: $100
Utilities: $97
Auto Insurance: $51
Gas&Fuel: $50 (should change since I don't walk to work anymore and GF living in NOLA kills this)
Restaurants: $50
Service & Parts: $50 (Oil changes basically so this is basically a "pad" in my budget)
Pet: $50
Internet: $44
Hair: $10 (~$20 with tip haircuts every 2 months)
Clothing: $10 (same as Service & Parts)
Budget comes to $1,612 and the remainder goes to ROTH/savings
ETA: Here are my budgets on Mint. Typically come in pretty close and if I go over on one thing I'm typically under on something else.
22/single.
Income after tax: $2,200
Mortgage/Rent: $900
Groceries: $150
Alcohol&Bars: $100
Utilities: $97
Auto Insurance: $51
Gas&Fuel: $50 (should change since I don't walk to work anymore and GF living in NOLA kills this)
Restaurants: $50
Service & Parts: $50 (Oil changes basically so this is basically a "pad" in my budget)
Pet: $50
Internet: $44
Hair: $10 (~$20 with tip haircuts every 2 months)
Clothing: $10 (same as Service & Parts)
Budget comes to $1,612 and the remainder goes to ROTH/savings
This post was edited on 4/27/15 at 4:11 pm
1
Posted on 4/27/15 at 4:21 pm to geauxbears08
quote:
geauxbears08
Yours surprises me...you have that high of gross monthly income, are divorced, yet no alimony?
Posted on 4/27/15 at 4:28 pm to krehn11
I'm of the understanding that alimony is not all that common in LA
Posted on 4/27/15 at 4:31 pm to Croacka
I 
when I saw the $37,500/month post. 
when I saw the $37,500/month post. Posted on 4/27/15 at 4:32 pm to krehn11
I'm in Texas. No alimony if married under 10 years. Only made it 4 1/2.
Posted on 4/27/15 at 4:32 pm to Croacka
I'm curious about the 28 and divorced part.
She done screwed up with that income
Yup probably the best state for divorce. My wife did some intern work for a family law firm over there doing high asset divorces
She done screwed up with that income
quote:
I'm in Texas. No alimony if married under 10 years. Only made it 4 1/2.
Yup probably the best state for divorce. My wife did some intern work for a family law firm over there doing high asset divorces
This post was edited on 4/27/15 at 4:33 pm
Posted on 4/27/15 at 4:52 pm to Teddy Ruxpin
Retirement Savings: $580 a month (plus 401k match)
Additional Savings: $700 a month (saving for eventual down payment)
Student Loans: $700 a month
Car insurance: $100 a month
Rent: $1000 a month
Food+Entertainment: $1500 a month
I could cut down on food and entertainment but I really do not care to.
Additional Savings: $700 a month (saving for eventual down payment)
Student Loans: $700 a month
Car insurance: $100 a month
Rent: $1000 a month
Food+Entertainment: $1500 a month
I could cut down on food and entertainment but I really do not care to.
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 5:25 pm to bayoubengals88
$120 rent? You live in a shoebox?
Posted on 4/27/15 at 5:33 pm to Chris Farley
quote:
$120 rent? You live in a shoebox
LINK /
I explain in the thread above, but one of the elders at church is allowing me to stay at his house to better my future. He buys my food with the $120. He just cooked before he left for work (shift work). I get home after he leaves, eat, and of course profit
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 4/27/15 at 6:16 pm to yellowhammer2098
quote:
the remainder goes to ROTH/savings
Well you're doing just fine then at 22.
Just keep doing what you're doing. Raises will come
Posted on 4/27/15 at 6:21 pm to Teddy Ruxpin
Haha yeah, we never fought about money. We just didn't see eye to eye on a lot of other issues. Plus we got married too young - I was 22 and she was 20. I refer to her as my starter wife.
Posted on 4/27/15 at 7:14 pm to geauxbears08
This thread reminds me of how poor I am.
This post was edited on 4/27/15 at 7:15 pm
Posted on 4/27/15 at 7:50 pm to anc
married with kids
all my cash now goes to gambling, hookers, blow and dinars.
all my cash now goes to gambling, hookers, blow and dinars.
Posted on 4/27/15 at 9:06 pm to LSUTOM07
So everyone is just throwing their cash flow ledger out there looking for a uniform analysis for savings and financial planning??
I do planning and advising for living and its isn't that easy to just say "everyone should have this, this, this" % of income wise.
I have clients that are more comfortable with saving more in retirement, setting their emergency funds at 3 months (some 6 all all the way up to over a year) of living costs. While you could look at the information some of you are giving and give small advice to what you are doing, I would say you should actually sit down and look at the big picture and talk everything over one on one.
Some may disagree and say I'm just promoting my occupation but it is what I see and the variations in different risk levels is pretty big.
I do planning and advising for living and its isn't that easy to just say "everyone should have this, this, this" % of income wise.
I have clients that are more comfortable with saving more in retirement, setting their emergency funds at 3 months (some 6 all all the way up to over a year) of living costs. While you could look at the information some of you are giving and give small advice to what you are doing, I would say you should actually sit down and look at the big picture and talk everything over one on one.
Some may disagree and say I'm just promoting my occupation but it is what I see and the variations in different risk levels is pretty big.
Posted on 4/27/15 at 9:13 pm to ODoyleRulez
quote:
So everyone is just throwing their cash flow ledger out there looking for a uniform analysis for savings and financial planning??
I think we're all just kind of seeing what the rest of the money board does with their cash, crowd sourcing if you will.
quote:
I do planning and advising for living and its isn't that easy to just say "everyone should have this, this, this" % of income wise.
No shite.
quote:
Some may disagree and say I'm just promoting my occupation but it is what I see and the variations in different risk levels is pretty big.
Most people aren't giving advice, they're just talking to each other.
Posted on 4/27/15 at 9:35 pm to ODoyleRulez
I save 25% of my net
Posted on 4/27/15 at 9:41 pm to 13SaintTiger
Would be interesting to see professions.
Some of these ages and numbers seem frickin ridiculous.
Some of these ages and numbers seem frickin ridiculous.
Posted on 4/27/15 at 9:44 pm to bayoubengals88
quote:
bayoubengals88
You should pay off the Citi card before investing unless it is as 0%.
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