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re: Break it down - your finances

Posted on 4/27/15 at 1:31 pm to
Posted by Tigerfan56
Member since May 2010
10521 posts
Posted on 4/27/15 at 1:31 pm to
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.
Posted by Croacka
Denham Springs
Member since Dec 2008
61442 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 Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71694 posts
Posted on 4/27/15 at 2:31 pm to
You're pretty much where I'm at in life.

26

~3,000 Income per month after taxes
620.00 Rent
100.00 CPA Course
105.00 Student Loans
135.00 Cell Phone
20.00 Gym
15.00 GoogleMusic/Evernote
55.00 A Week to my car
50.00 A Week to my Roth.
~320.00 A Month to LASERS
~100.00 Gas (more but paid by expense account)
~50.00 Per Month for Animals
~300.00 Per Month for food.
~139.00 For Insurance, I will be shopping around soon.

The rest collects in my savings account as a rainy day fund.

This post was edited on 4/27/15 at 2:33 pm
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