Quote:
Originally Posted by jeebuss31
Since some people are listing there budgets, I'd thought I seek advice/feedbacks too. Again, my soon to be wife and I are 28 with this budget:
Currently, combine take home $7100 (12% and 9% deductions into 401k. also: tax,medical and more taxes!)
I know i said 6875 in my other thread, but did not factor some things).
Mortgage -2300
student loans -600.00
car payments -343.00
Cable/internet -100.00
Gas,electric, water -500.00
Groceries/going out to eat -500.00
Car fuel/gas (fiancee is cover by company) -280.00
Entertainment(varies) -150.00
Nest Egg/Emergency Funds -800.00
Roth IRA -300.00
Mad Money(personal accounts) -400(200 per person)
Credit card expenses allowed(paid off every mo) -600.00
This totals 6873, with remaining of $227.00 of extra spending or moving it into our Nest Egg. I know things will vary every month, but I wanted to know if I have a good grasp of our budget. I know we should be a bit more aggressive in the savings and maybe reduce the spending of credit card expenses. Should we save more? Am I missing anything? We'll have 3 saving accounts: 401k,roth,Nest egg/emergency and 2 accounts with: combine account spending and personal account(cant say what to buy)
Thanks guys!
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I would quantify the goals of this money here
Nest Egg/Emergency Funds -800.00
Roth IRA -300.00
How large is the EF relative to the $5700 of monthly expenses?