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Message
re: Monthly income vs expenditures
Posted on 8/19/24 at 10:46 am to RandySavage
Posted on 8/19/24 at 10:46 am to RandySavage
I transfer $1k to savings and have anywhere from $500 to $1k surplus each month.
Used to be more but toddlers are fricking expensive.
Edit: The only real investments I have going right now, other than real estate, are a money market account that's returning 5%+ annually, a bunch of Apple stock that I got through an ESPP, and some stock with my current company bought through ESPP.
Used to be more but toddlers are fricking expensive.
Edit: The only real investments I have going right now, other than real estate, are a money market account that's returning 5%+ annually, a bunch of Apple stock that I got through an ESPP, and some stock with my current company bought through ESPP.
This post was edited on 8/19/24 at 10:51 am
1
Posted on 8/19/24 at 10:47 am to LNCHBOX
Say it. Do you think my family clears that or not? Don’t be jealous because you decided to give up on yourself.
Hope your not a dad cuz nothing much to look up to
Hope your not a dad cuz nothing much to look up to
This post was edited on 8/19/24 at 10:48 am
Posted on 8/19/24 at 10:48 am to fareplay
quote:
Say it. Do you think my family clears that or not? Don’t be jealous because you decided to give up on yourself
I couldn't possibly care less about you. You spend all day making stupid posts here, so even if you are rich, you're doing nothing with it. Congrats on your amazing life.
ETA Thanks for the edit that further drives home just how dumb you are
This post was edited on 8/19/24 at 10:49 am
Posted on 8/19/24 at 10:49 am to LNCHBOX
You dickride all my posts because you live a sad life and can’t provide for your kids. Straight deadbeat dad
This post was edited on 8/19/24 at 10:50 am
Posted on 8/19/24 at 10:49 am to RandySavage
Around $7K after expenses.
Invest around $3.5K unless three is a security I really like then I might buy the full $7K.
Paycheck to paycheck is self-explanatory. Its when your check only stretches to pay your current liabilities until your next check. A savings amount can be factored into this.
Invest around $3.5K unless three is a security I really like then I might buy the full $7K.
Paycheck to paycheck is self-explanatory. Its when your check only stretches to pay your current liabilities until your next check. A savings amount can be factored into this.
Posted on 8/19/24 at 10:51 am to LNCHBOX
. Delete
This post was edited on 8/19/24 at 11:01 am
Posted on 8/19/24 at 10:53 am to RandySavage
Groceries have become so outrageous. Eats so much of our allotted savings contribution each month. I won't share numbers on the internet, but I will share how fricking annoyed I am by this. I can't walk out of the grocery store for less than $200 anymore (several kids). It feels like the cost has doubled in the last 2-3 years.
Posted on 8/19/24 at 10:53 am to danilo
quote:
good head in bedroom too
Does anyone want to tell him
Posted on 8/19/24 at 10:54 am to Evil Little Thing
quote:
Evil Little Thing
We put $2k or so into generic savings after retirement, etc. We need to start actually doing something with that besides a savings account. Guess I’ll add that to the list.
How long have you been letting $2K sit in a non interest account?
These threads literally give me nightmares.
Posted on 8/19/24 at 11:01 am to RandySavage
I have anywhere from 20,000 to 25,000/month to invest and save. Very fortunate
Posted on 8/19/24 at 11:05 am to CatfishJohn
If it was just food I get it but the addition of tip inflation is out of control. I think groceries can still be reasonable if you put in the effort to bulk and sale
Posted on 8/19/24 at 11:08 am to RandySavage
quote:
how much extra money do you guys typically have a month and how much of that do you invest?
My monthly income varies. Investment-wise, I fully fund my 401k and put at least $5K a month into my brokerage account. Extra money goes to larger purchases like vacations, home improvements, college savings, etc.
Posted on 8/19/24 at 11:11 am to NewIberiaHaircut
Did you open 529
Posted on 8/19/24 at 11:12 am to RandySavage
My income can vary quite a bit from month to month. Bad month I'll max out 401k and have $5-7k for other investments and savings. On good months it's double that. Very lucky in this department.
Posted on 8/19/24 at 11:12 am to RandySavage
$500 a month for 29 years.
Posted on 8/19/24 at 11:15 am to NewIberiaHaircut
quote:
put at least $5K a month into my brokerage account.
Blows my mind. Props to you guys living the life.
Posted on 8/19/24 at 11:20 am to RandySavage
We have a flex account at my house. If I have extra left over my wife flexes her spending habits to make sure we break even.
This post was edited on 8/19/24 at 11:21 am
Posted on 8/19/24 at 11:22 am to Techdave
Why aren’t people discussing financial goals with their spouse?
Posted on 8/19/24 at 11:24 am to RandySavage
I have the data to prove that every month 75% of net income is gone for one reason or another, which leaves 25%. This is net, pre tax handles other investments such as 401k and HSA.
Of that 25% some hits brokerage, some hits kids college funds, some hits vacations fund, some hits a tax fund because I know I will owe taxes at the end of the year for one reason or another.
I also have the data that supports even if my income increase by 20%, these metrics increase 1:1 with them. frick me.
Of that 25% some hits brokerage, some hits kids college funds, some hits vacations fund, some hits a tax fund because I know I will owe taxes at the end of the year for one reason or another.
I also have the data that supports even if my income increase by 20%, these metrics increase 1:1 with them. frick me.
Posted on 8/19/24 at 11:35 am to fareplay
quote:
Why aren’t people discussing financial goals with their spouse?
My wife and I have separate accounts and no kids so it’s not really something we talk about. We both make about the same amount of money and saving plenty.
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