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| General Discussion Please read our Forum Rules before posting Feel free to talk about anything and everything about money. |
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12-12-2005, 08:56 PM
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What if your household expenses were $10,000 per month?
I was talking with a family member today who announced I don't understand why you try to live so cheaply..Our household expenses are $10,000 per month and that doesn't count our business expenses.
Now they own an auto repair shop just a run of the mill place....I almost threw up when she said "10,000 a month!!" But instead the conversation went something like this.. "well do you have enough money saved up to cover those expenses if the business goes under? her reply "no but thats not going to happen..." Do you have life insurance in case your husband dies and can't run the business? No Do you have enough money to cover your expenses until you could sell the business? No Well I am glad its you paying out 10,000 a month and not me....." And Here I am worried about paying of my car early.... 
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12-13-2005, 05:12 AM
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Re: What if your household expenses were $10,000 per month?
10,000? I am not sure I could spend that much each month, I would run out of time to spend!
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12-13-2005, 07:08 AM
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Re: What if your household expenses were $10,000 per month?
I'm with Princess. What can you spend $10,000 on in a month? You'd have to shop all day with no time work.
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12-13-2005, 07:49 AM
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Re: What if your household expenses were $10,000 per month?
Montly payments-
$1800 is house payment she told me that then theres the motorcycles, the cars (4), the beach house....and she said she spends at least $600-$700 per weekend just shopping.... Personally I'd save it all and retire really really early
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12-13-2005, 08:01 AM
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Re: What if your household expenses were $10,000 per month?
Arrggghhhhhh!!! 10,000 a month! Just think of what they could do if they were sensible with their money.
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12-13-2005, 08:34 AM
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Re: What if your household expenses were $10,000 per month?
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12-13-2005, 09:03 AM
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Re: What if your household expenses were $10,000 per month?
Those who don't know how to curb spending are only hurting themselves!! $10,000/Month WOW!!!
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12-13-2005, 10:22 AM
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Re: What if your household expenses were $10,000 per month?
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Holy smokes....how big is your house? Our mortgage with taxes and insurance is only $700....
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12-13-2005, 10:28 AM
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Re: What if your household expenses were $10,000 per month?
Good grief! $10,0000 a month?!?!?!?!? Wow! My husband and I don't bring in that kind of income per month (and we both work). I can't imagine spending $10,000 a month! What in the world are they buying?????
I have a feeling they're going to regret that kind of spending some day.
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12-13-2005, 10:36 AM
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Re: What if your household expenses were $10,000 per month?
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12-13-2005, 11:47 AM
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Re: What if your household expenses were $10,000 per month?
I could spend $10k per month - for how long I don't know, but I'm sure I could manage it for quite a while.
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12-13-2005, 03:42 PM
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Re: What if your household expenses were $10,000 per month?
I would save it and retire early, too. New houses in our area are going for 450,000 too. We are lucky we bought 5 years ago...220,000 house is now worth 370,000!
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12-13-2005, 06:45 PM
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Re: What if your household expenses were $10,000 per month?
that is pretty big! how i wish i could also have that amount of money to spend! i surely could spend them in one month if i would like to. or even a week or less. hmmm... i am wishing i really have that money. car, clothes, shoes, make ups, jewelries, home appliances, travels. cool!
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12-13-2005, 08:11 PM
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Re: What if your household expenses were $10,000 per month?
In my area 1000sq-ft town-homes are going for $500k, you can't even touch a house for under $800k
 Sorry for getting off-topic.
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12-13-2005, 08:40 PM
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Re: What if your household expenses were $10,000 per month?
Wow, just wow.
It's okay if she isn't going into debt for it. Not good or desirable, she needs to have a safety net, but I would hope that some of that stuff she buys each weekend would be resellable if they need to. I'm pretty sure DH and I will never make that kind of money. Environmental careers (I know, I'm a paralegal right now, but someday I will go back to my first love) just don't pay that well. We will top out at $40k/year, each. Unless, of course, we agree to work for a private company which may or may not be truly environmental. Luckily, we live in an area where you can still find a really nice house for less than $150k.
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12-14-2005, 04:30 AM
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Re: What if your household expenses were $10,000 per month?
I am not sure they make that kind of money either...but they do spend it...
I'm not sure where everyone lives but housing prices in some of your areas are just scary!!! Our house is not huge 1300 sq. ft. but it has 3 bedrooms, 2 baths a living room and kitchen plus a nice yard...houses in our neighborhood sell for about 109,000 to say 115,000. I can't imagine somone telling me a house the size of ours was worth $500,000.....We'd be living in a shack....
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12-14-2005, 06:39 AM
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Re: What if your household expenses were $10,000 per month?
Alabama has reasonable housing also. I bought my house 3.5 years ago brand new, all brick, 1640 sqft with 3 bedrooms, 2 baths, formal living and dining room (and you don't find too many new homes with formal living rooms anymore), great room, kitchen with breakfast nook, laundry room, on a half acre lot for $114,000. Our housing market isn't going through the roof like other areas, though. My house is worth about $125,000 today. Of course, it depends on what area of town you're on as to what the price of the home would be. Similar sized homes in ritzier areas of my town are selling brand new today for about $170,000 - $200,000.
The only thing I regret is not getting a home with a garage! A 2 car garage would've added about $15,000 to the price, and I felt I couldn't afford it. Sorry, I think I got off topic, here. 
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12-14-2005, 06:48 AM
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Re: What if your household expenses were $10,000 per month?
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I couldn't imagine living in a city where a 1000 sq ft house with no land and shared walls is $500,000! I'd be on the street, I guess!!!!
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