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Posted on 4/28/15 at 10:42 am to southernelite
Yeah, I'm in the process of renegotiating her terms now.
I want to figure out how to not pay health insurance. I go to the dentist twice a year, and that's the extent of my usage.
I want to figure out how to not pay health insurance. I go to the dentist twice a year, and that's the extent of my usage.
Posted on 4/28/15 at 10:43 am to DirtyMikeandtheBoys
quote:
DirtyMikeandtheBoys
Step away from the ledge. At 27 you are doing fantastic.
Posted on 4/28/15 at 10:44 am to VABuckeye
I
want
more
want
more
This post was edited on 4/28/15 at 10:46 am
Posted on 4/28/15 at 10:47 am to BoogaBear
quote:
It's crazy how you adjust to more money or less money. I love hearing people say they are waiting till they are financially ready to have kids. Guess what, you never are. You just adjust accordingly.
You're right to an extent, but who wants to have a kid while still in school? We'll be much more financially ready to have kids when we're both done with school and have two incomes, than we were when we were first married, living off of one income and paying both of our ways through grad/professional school.
Posted on 4/28/15 at 10:53 am to Croacka
eta: High End Country Club Membership
Posted on 4/28/15 at 10:54 am to Epic Cajun
Don't even worry about the income aspect, I couldn't imagine having a kid and still having schoolwork to do. At least with a job, you are done by 5 (for the most part). I couldn't imagine studying with an infant around. I'd go insane.
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 11:13 am to KG6
quote:
Don't even worry about the income aspect, I couldn't imagine having a kid and still having schoolwork to do. At least with a job, you are done by 5 (for the most part). I couldn't imagine studying with an infant around. I'd go insane.
Yea, that sounds atrocious. Luckily, I'm done and she only has two more years.
Posted on 4/28/15 at 11:42 am to Delacroix
My income varies quite a bit month to month. Next month I will make almost 3x what I make this month.
But I will average it out over a year.
As percentage of gross
11% - Mortgage
1% - Utilities
5% - Food / eating out
3% - Entertainment
1% - Various Sundries
5% - travel
13% - 401k for both the wife and I
After the taxman takes his cut, the rest goes into general savings. We are saving about 35% of our income right now, which is really cool but also sometimes I think short sighted.
But I will average it out over a year.
As percentage of gross
11% - Mortgage
1% - Utilities
5% - Food / eating out
3% - Entertainment
1% - Various Sundries
5% - travel
13% - 401k for both the wife and I
After the taxman takes his cut, the rest goes into general savings. We are saving about 35% of our income right now, which is really cool but also sometimes I think short sighted.
Posted on 4/28/15 at 12:16 pm to yellowhammer2098
quote:
Anyone in their early twenties making 50-60k is doing just fine unless you live in a city that is obnoxiously expensive.
I make a good bit less than that and I'm pretty comfortable.
Of course. A single guy/girl making 30k can live comfortably in a lot of cities in the US and still have a bit in savings each year.
The extra disposable income just allows for greater flexibility in the budget.
Posted on 4/28/15 at 12:48 pm to lynxcat
I'm not posting any of my details in here because I know too many of you clowns, but here are the basics.
26, engaged, live with fiancee
Rent - $3200 (We live in NYC in a nice building, so as crazy as it sounds, this isn't a bad deal.)
Car- none. Pay 120 pre-tax for unlimited subway. Occasionally rent a car as needed.
Food, cable, electric - $500
Miscellaneous/Travel - $1000-$1500(trying to reduce this)
My comp is bonus heavy so my savings can vary a good bit month to month, but at a minimum I put $1000 into savings monthly and max my 401k(+40% company match up to the max) and Roth each year. If I can keep that up, I'm in a good spot.
26, engaged, live with fiancee
Rent - $3200 (We live in NYC in a nice building, so as crazy as it sounds, this isn't a bad deal.)
Car- none. Pay 120 pre-tax for unlimited subway. Occasionally rent a car as needed.
Food, cable, electric - $500
Miscellaneous/Travel - $1000-$1500(trying to reduce this)
My comp is bonus heavy so my savings can vary a good bit month to month, but at a minimum I put $1000 into savings monthly and max my 401k(+40% company match up to the max) and Roth each year. If I can keep that up, I'm in a good spot.
Posted on 4/28/15 at 12:51 pm to Chris Farley
quote:
Food, cable, electric - $500
$500 not enough for food alone in NYC. I cook at home and spend $450/month just by myself.
Posted on 4/28/15 at 12:59 pm to PeteRose
quote:
$500 not enough for food alone in NYC. I cook at home and spend $450/month just by myself.
I spend over $250/week and I live in denver. probably closer to $300.
Posted on 4/28/15 at 1:03 pm to Hawkeye95
That seems insane to me! Do you go to Whole Foods exclusively??
This post was edited on 4/28/15 at 1:03 pm
Posted on 4/28/15 at 1:04 pm to Hawkeye95
What do you buy that you're spending that much per week?
Posted on 4/28/15 at 1:07 pm to OneMoreTime
quote:
What do you buy that you're spending that much per week?
Most of that is eating out. But we eat fancy foods, almost all organic. I also buy expensive cheese, lots of nuts, lots of produce.
Please note, we are saving ~35% of our income so its not that big of a deal to spend $1000+ a month on food.
Posted on 4/28/15 at 1:17 pm to PeteRose
I rarely cook during the week, and eat most meals(free breakfast and snacks) at work so my grocery bill is low. If I actually cooked every night and brought my lunch it would be much higher.
Posted on 4/28/15 at 1:23 pm to Chris Farley
i'll need to put the pen on the paper and see my finances but our company ESOP really helps me in terms of putting money into retirement. from 2014 to 2016 it went up 26% and they put in 25% of your annual salary.
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.
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