my budget >.>

[witchkizzle]

Well yeah, you're calculating net worth, not retirement readiness. The house (asset) and any related mortgage (liability) is part of net worth.

You should not count your home value as part of your investment portfolio.

Yes, I agree with that. I know all about assets and liabilities.

They were briefly talking about net worth and I was talking about net worth and not retirement readiness.

[Christian321]

Last year I got rid of my debt (CCs, Car loan, Student Loans) I have never had a mortgage though. I didn't realize how much I am currently spending until I wrote it down.

What I have:
401k: 45k
Cash Money in 2.2% Credit union savings account: 51k

Income (take home per month):
Job 1: 4650
yearly I'll get a bonus that's around 4k-6k take home
Job 2: 1000


Rent + Utils 1300 <-- one package deal
car Issurance 140
car Gas 240
Food 600 >.>
cell phone 60 (family plan with siblings)
fun/gifts/misc 500
girl friend 400
total 3240

All I do with my extra money is put it into my savings account. Am I doing ok in terms of savings for my age?

You guys might wonder about that food bill...I eat about 4000-5000 calories a day, all my hobbies include intense sweating, it also includes the detergent necessary to clean my clothes, and other grocery items. Because of my second job I eat out about 2-3 times a week (by eat out I mean pizza and Chipotle burritos, no sit down restaurants). I tried packing my food for the day but I ended up packing a cooler. How much do people spend on food here per person?

Misc includes traveling to see my 4 siblings and parents, gifts for my nephews. Fun includes my 9 dollar netflix bill, $30 gym membership, and a video game here and there ($50). Some months i won't travel far for family but then next month I'll go across the country and see my sister and take my nephew shopping.

Not sure what to suggest rather than just finding cuts you can make to your "want" expenses. I am single and spend about $100 per week on food. I don't eat out unless on a date. I cook and eat at home and pack lunches to work. The $400 avg per month on the Girlfriend seems a bit excessive. I hope she is paying here and there...try doing outdoor stuff that is free. $400 just seems to be a bit much for me. Other than that, I think you are fine.

Can I ask what Credit Union is giving you a 2.2% savings account? Is there a deposit ceiling on the account for earning this rate (i.e. you can only earn 2.2% on up to $100,000.00)? Thanks!

[EconDiva]

Can I be your second girlfriend? I promise I'll be cheaper than your current one by at least 25%.