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Posted on 5/22/17 at 10:22 am to fareplay
quote:
That's at minimum 440$ a month before other family expenses.
I spent that on dinner Friday night.
Posted on 5/22/17 at 10:22 am to fareplay
I would love to have only $440 fixed cost a month. Try one car note, a house note, daycare for two kids as well. It sounds like you guys are living within your means which is good though.
Posted on 5/22/17 at 10:23 am to fareplay
Where is "here"? Manhatten?
North of $2000 for rent is high outside of places like NYC and greater Los Angeles.
North of $2000 for rent is high outside of places like NYC and greater Los Angeles.
Posted on 5/22/17 at 10:24 am to fareplay
Private school is biggest expense after home
Posted on 5/22/17 at 10:24 am to fareplay
quote:
That's at minimum 440$ a month before other family expenses.
My wife's student loans are more than that....and I still have all the other shite....plus more stuff
Posted on 5/22/17 at 10:24 am to fareplay
Everyone involved must be willing to stick to a plan. Don't try to change to change the spending overnight. Treat it like any other goal and works towards it. Analyze your purchases and figure out alternatives. You must factor in entertainment and frivolous shite, otherwise you will go nuts.
To answer the original question, $7k between rent and general living. No car. Public school.
To answer the original question, $7k between rent and general living. No car. Public school.
This post was edited on 5/22/17 at 10:31 am
Posted on 5/22/17 at 10:25 am to fareplay
Here are some of mine. They aren't all "fixed" but very consistent:
$47/mo - Cell Phones (2 total @$23.50)
$75/mo - Electric
$30/mo - Gas (gets up to $100 for Jan. & Feb.)
$30/mo - Fiber Internet
$30/mo - Directv
$125/mo - Auto insurance, Umbrella policy and personal articles policy (2 cars)
$417/mo - Property taxes
$40/mo - Personal property taxes/vehicle registration
$140/mo - preschool
$187/mo - vehicle loan
$24/mo - Trash
$20/mo - Sewer
$20/mo - Water
$150/mo - Gasoline for cars
$37/mo - Pest control service
$650/mo - Groceries (family of 5)
$350/mo - Restaurants
Of course this doesn't even cover mortgage, home insurance or retirement contributions.
$47/mo - Cell Phones (2 total @$23.50)
$75/mo - Electric
$30/mo - Gas (gets up to $100 for Jan. & Feb.)
$30/mo - Fiber Internet
$30/mo - Directv
$125/mo - Auto insurance, Umbrella policy and personal articles policy (2 cars)
$417/mo - Property taxes
$40/mo - Personal property taxes/vehicle registration
$140/mo - preschool
$187/mo - vehicle loan
$24/mo - Trash
$20/mo - Sewer
$20/mo - Water
$150/mo - Gasoline for cars
$37/mo - Pest control service
$650/mo - Groceries (family of 5)
$350/mo - Restaurants
Of course this doesn't even cover mortgage, home insurance or retirement contributions.
This post was edited on 5/22/17 at 10:34 am
Posted on 5/22/17 at 10:26 am to fareplay
Utilities, mortgage, insurances, private school, student loans, cable and internet, cell phones, property tax averaged over 12 months = $4000-$4200/month. Would be more but I paid cash for our vehicles.
This post was edited on 5/22/17 at 10:27 am
Posted on 5/22/17 at 10:27 am to Displaced
[quote]Sell your kids before they become teenagers and really start bumping up those monthly bills.
FIFY
FIFY
Posted on 5/22/17 at 10:27 am to fareplay
Ok, that would do it.
While that is normal for your area it is probably twice what you would pay almost anywhere else.
While that is normal for your area it is probably twice what you would pay almost anywhere else.
Posted on 5/22/17 at 10:27 am to notsince98
You could save $600 per month if you only bought groceries for the family of 5.
Posted on 5/22/17 at 10:28 am to fareplay
Our cable/phone/internet bill alone is like $400 per month. 
Posted on 5/22/17 at 10:29 am to fareplay
quote:
Bay Area
Maybe move to an area with cheaper cost of living.
Posted on 5/22/17 at 10:31 am to fareplay
how is mortgage or rent not a fixed expense?
Posted on 5/22/17 at 10:32 am to The Mick
I'm assuming you have kids who drive. If so 
Posted on 5/22/17 at 10:33 am to PearlJam
quote:
You could save $600 per month if you only bought groceries for the family of 5.
Good catch. I wish it was that simple in real life.
Posted on 5/22/17 at 10:33 am to yellowfin
For a family of 4, we spend around 800-1000 a month on groceries. Is that too much? We don't eat out except on sunday after chruch.
Posted on 5/22/17 at 10:33 am to fareplay
Mortgage/Home Owners Insur 2850
Cars Payment 1350
Car Insurance 200
Cell 140
Internet/Satellite 100
Alarm 60
Kids College Fund 400
Utilities 250
Cars Payment 1350
Car Insurance 200
Cell 140
Internet/Satellite 100
Alarm 60
Kids College Fund 400
Utilities 250
This post was edited on 5/22/17 at 10:34 am
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