10-06-2008, 05:38 AM
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$ Saving Post Graduate
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Join Date: Jan 2008
Location: Oklahoma
Posts: 3,432
Points: 18307.00
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Quote:
Originally Posted by tripods68
Our mandatory expenses which include our mortgage, 2nd, car loan, personal loan, utilities, gas, food, car insurance, cable/internet, cell phones and few small items are actually $4K a month. That's gives us 3 months EF instead of 2.
I only say that because it seems to be the "norm" this day. At the end of every month we spend closer to $6K to fund our various accounts like ROTH, IRA, MMA-EF, regular savings/checking account, 529, vacation and x-mas fund. Plus its comforting to know that we have $36K of EF at our own disposal anytime any-day. That's a good thing.
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My expenses don't include investing. We would continue to invest unless my business completely failed. If I were without income, hers would slow the drain of our EF. If either of us were to be without income, we would probably hold the investment money in savings until the income was restored. I guess it would depend on how the market is doing. |