New Budget...

[ScrimpAndSave]

My life insurance is through my work and i do not pay for it. It will be about $72,000.

I do know my monthly PITI. It is about $1230 a month.

[ActYourWage]

I've made this argument a couple times, but I'll voice again... Death is expensive! At the least, funeral arrangements can easily cost $5k-$10k. Medical costs can be even more -- emergency room for traumatic injury, extended medical treatments for more chronic illnesses, and so on.

I'm single, 23, in no relationship right now. I still have life insurance, because I know that if I were to die somehow, it would cost my family thousands of dollars in sudden expenses. I wouldn't want to saddle them not only with the grief of my death, but also a significant and unexpected financial hardship. Is the $30/mo I pay a heavy price for that assurance? Not at all.

I think everyone (children, single adults, married couples, elderly, etc.) should have at least some life insurance to cover, at the least, funeral and other end-of-life expenses.

But if you have 3-6 months efund, that would cover any death related expenses? Thus no need to get life insurance if your employer doesn't supply it without cost.

[LivingAlmostLarge]

Maintenance, decorating the house. If you want a new couch, painting a room, or even buying a picture to hang, it all costs money. Perhaps allocating a tiny bit towards it every year.

I also think car repair fund/car replacement fund? Travel fund? Clothing allowance?

Is dating under entertainment?

[ScrimpAndSave]

Yes dating is under entertainment.

[stressedmama]

What about healthcare/dental/eye care costs? I'm referring to copays, medicine, contacts, glasses?