Quote:
Originally Posted by sweeps
2k per month isn't that much -- even not including housing. OP said $800/mo is going to paying off credit card debt. Let's say $500 for food, $300 for a car payment, $200 for gas and car maintenance, $300 for insurance, $100 for clothes. That's $2200 right there and I'm just getting started.
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$300 for auto insurance monthly? $500 monthly for food for two people? $100 monthly for clothes? Wow! Sorry, but I find these costs very high. We pay $150 per month for two cars (one purchased last year -- it would have been $100 per month for the two of us with the old car). We don't buy cloths monthly.... and maybe spend $200 a year for clothing. Food? I haven't calculated that out with the rise in prices, but that should be 300-500 depending on the area.
But I know that 2k does not go far... Sweeps. I was just looking at income and outgo. I realize that 800 of the two thousand is going toward the CC debt. But how much of that CC debt is current? If they throw 800 at it per month and not accumulate anymore, then more or less in two years the CC debt would be gone.
But just excluding debts, I guess my real question is what are the monthly expenses?
Two thousand per month is a lot of expenses for a couple that has housing, no property taxes, housing insurance, etc. Most people pay somewhere around 1/4 to 1/2 their income on housing and those costs. Repair/maintenance/insurance/property taxes, etc.
So where does the majority of this 23k per year go? 9600 to cc debit -- but are they continuing to charge?
But truthfully, can any of you ever see this couple owning a house ? Or retiring ?