Let's all see our monthly budgets...???

[TexasHusker]

Since this is an anonymous forum, I think it would be cool if each person interested posted his entire monthly budget, so we could see how each other spends money and if there are tips/suggestions/red flags where we could improve. I'll await the mods to OK the concept, but if it's OK, I'm glad to be the first.

[phantom]

I don't know why the mods would have an issue. People post budgets here all the time.

Personally, I'm content with my current budget, and I'm not looking for advice. So, I'm not going to post it.

[MonkeyMama]

I am with phantom. Wouldn't mind sharing. But I have no interest in making any changes. There's not really any fat in our budget, and anything that is fat that could be trimmed is a carefully thought out splurge.

[TexasHusker]

removed. Appears me and one other were the only ones interested.

[Nutria]

Since this is an anonymous forum

It's only anonymous to people who don't take the effort to find those email addresses.

I think it would be cool if each person interested posted his entire monthly budget, so we could see how each other spends money and if there are tips/suggestions/red flags where we could improve.

Why in heaven's name should I tell the whole world how I spend my money?

[TexasHusker]

perhaps because it is a personal finance forum?

[Singuy]

I'll play.
Budget is for wife and I

Property Tax: 900
Home Insurance: 80
HOA: 165 (also includes cable and internet)
Car Insurance: 120 for 2 cars
Gas: 120
Toll: 80
Electricity: 120
Water: 60
Eating out: 150
Food: 100(parents buy the bulk of it and cooks for us so we eat over a lot).
Mortgage: 0
Car payments: 0
Cellphone: 220
Misc: 500 (child's clothing, buying things for the house here and there)
Total: $2595

Income
Myself: 6400 after tax/insurance/$2,500 FSA/maxed 401k
Wife: 12,500 after taxes, no retirement account

Savings: 16,300/month
401k: 1400/month

[TexasHusker]

Hey Texas, is the 1000/month range rover lease part of your wife's expenditures?

I'll play.
Budget is for wife and I

Property Tax: 900
Home Insurance: 80
HOA: 165 (also includes cable and internet)
Car Insurance: 120 for 2 cars
Gas: 120
Toll: 80
Electricity: 120
Water: 60
Eating out: 150
Food: 100(parents buy the bulk of it and cooks for us so we eat over a lot).
Mortgage: 0
Car payments: 0
Misc: 500 (child's clothing, buying things for the house here and there)
Total: $2395

Income
Myself: 6400 after tax/insurance/maxed 401k
Wife: 12500 after taxes, no retirement account

Savings: 16500/month
401k: 1300/month

So is the savings $1650 per month I assume ? Paid off mortgage it looks like. How do you get by on $100 for food? I spend that much per month on milk, cereal, pop tarts, and coffee. Yes the RR payment is stupid, but is part of the car payments. It's the absurd part of our budget - I really like nice cars though

[Singuy]

So is the savings $1650 per month I assume ? Paid off mortgage it looks like. How do you get by on $100 for food? I spend that much per month on milk, cereal, pop tarts, and coffee. Yes the RR payment is stupid, but is part of the car payments. It's the absurd part of our budget - I really like nice cars though

My parents buy most of the food because they want us over to eat so we eat 80% of our meals there.

And no that's a savings of $16,300/month (had to revise some numbers like I forgot our cellphone bill)

[TexasHusker]

My parents buy most of the food because they want us over to eat so we eat 80% of our meals there.

And no that's a savings of $16,300/month (had to revise some numbers like I forgot our cellphone bill)

That's incredible !! Are you saving for anything in particular? College, retirement etc ?

[Petunia 100]

I already share my budget details on my blog. Perhaps you would like to start one? People will read, have opinions, and make comments.

[Singuy]

That's incredible !! Are you saving for anything in particular? College, retirement etc ?

Want a good nest egg and eventually earn enough passive income to retire early. Newborn daughter's college tuition is paid for via prepaid. I have 700k worth of real estate(my current house) so I'm most likely done with buying properties unless we have another housing crisis.

Goal is to hit 1 million in savings earning 5-7% from muni bonds/preferred stocks by 37yo and 2 million by 40yo.

[TexasHusker]

Want a good nest egg and eventually earn enough passive income to retire early. Newborn daughter's college tuition is paid for via prepaid.

Goal is to hit 1 million in savings earning 5-7% from muni bonds/preferred stocks by 37yo and 2 million by 40yo.

Sounds like you're on your way. But dont forget to live in the meantime. You won't get these years back.

[Singuy]

Sounds like you're on your way. But dont forget to live in the meantime. You won't get these years back.

As I explained in the other thread..my wife and I have always been frugal people. We would entertain the idea of spending lots of money on something that depreciates or have no returns..and then later freaks out about it (like the Mercedes).

We just don't feel comfortable riding first class(paying double)..or getting a suite on a cruise(paying triple)...we are still inside cabin type of people and may continue to be...

My wife is parking her used car we just bought far away under a tree as we speak just so people will not dent it.

[TexasHusker]

As I explained in the other thread..my wife and I have always been frugal people. We would entertain the idea of spending lots of money on something that depreciates or have no returns..and then later freaks out about it (like the Mercedes).

We just don't feel comfortable riding first class(paying double)..or getting a suite on a cruise(paying triple)...we are still inside cabin type of people and may continue to be...

My wife is parking her used car we just bought far away under a tree as we speak just so people will not dent it.

I have a good friend very similar to that. He actually has fun being frugal - it's like a daily personal challenge. He laughs at my indulgences, I laugh at his penny pinching. His net worth is probably twice mine, but we are both blessed beyond measure.

I'm with you on the dents thing - I park my car an acre away from the crowds.