Money Matters
SCGURL2015
newb
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
new
Hey there! I'm new on this board and I am curious to know what everyones 2015 monthly budgets are. I apologize if some of the things I post here are all repeats .
Re: new
Here is my husbands and I monthly budget
combine take home is 8500.00 ( after taxes, insurance, and 401 k)
mortgage( including escrow & insurance) 1700.00
car payment - 208.00
electric- 200.00
water- 50.00
car insurance- 175.00 ( 2 vehicles full coverage)- very high- geico
life insurance- 60.00
gas for vehicles- 400.00
groceries and toiletries- 600.00
cell phones- 200.00 ( 3 lines)
cable- 90.00
emergency fund- 500
general savings- 500
eat out- 100.00
clothing- 100.00
other- 200.00
Also, Geico usually offers a discount if you pay in full for the 6 months.
February
Take home pay $2,773
Cell Phones: $140
Car ins.: $53
Eating out: $100
New(to us) car fund: $2,000
Fun Money: $50 ($25 each)
Gas: $40
Hockey Tournament: $250
Groceries: $50
Prescription: $90
Love: March 2010 Marriage: July 2013 Debt Free: October 2014 TTC: May 2015
Welcome!
Bring home $7800 (after taxes, retirement, health ins)
Home: $3545
Mgt - $1900
Gas heat - $125/mon (fixed)
Electric - $90 (fixed)
Water/sewer/trash - $100/mon
Cable/internet/phone - $150
Netflix - $7
Home security - $45
HOA - $38 (450/year)
Groceries and toiletries - $600
Pet - $40 (food, supplies, save for vet)
Cell - $250 (4 lines)
Deck - $200
Kids: $1100
Child support - $600
Daycare - $400 (my parent watch LO)
Diapers, etc - $100
Transportation: $1375
H's Car - $350 (@4%)
My Car - $500 (@0%)
Ins - $225 (3 cars, 2 full, 1 liability only)
Gas - $300
Entertainment: $500
Eating out: $300
Individual spending money: $200 ($100 each)
Medical: $100
Chiropractor for me - $100
Savings: $300
Efund - $200
Life insurance - pricing it out now
Mutual funds (college) - $100
total: $6920
Should have $880 left over. I've been cracking down on eating out and personal spending so we should see this soon. I want split that into our efund and to fund some house stuff (blinds, curtains, new couch). Deck will be paid off this time next year using my extra pays in May and oct, and roll that into H's car ($10,000 left on it).
I feel very lucky because my health insurance at work is freaking amazing and I don't have a premium. For DH and I, the deductible is $600 with $15 copays and dental and vision included. Without that, our budget would be much tighter.
I don't mind - principal, interest, property tax, house ins, PMI + $60some to make it an even $1900.
My budget after I get my raise next month will be:
Take home pay- $2840
Mortgage- $630
Cell Phone Bill- $176
Cable- $151
Gas/Electric- $100 (varies each month)
HOA- $35 (paid quarterly)
Water- $60 (paid quarterly)
Gas (car)- $120
School- $150
Car- $700 (almost paid off! Snowballing this currently which is why the payment is so high)
Car Insurance- $80
Eating out, entertainment, grocery etc.- $300
Any extra is put towards paying off my credit cards each month and then my car payment.
When my car is paid off 2 April (insert happy dance) I will be putting $1010 into savings and upping my student loan payment to pay that off a little earlier.
Note: H & I do not share accounts, so this my info only. H pays for the majority of our groceries that's why there is not a huge line item for that and it is included in my allowance piece.
Edited to correct numbers.. I do my budgeting every two weeks not monthly and I forgot I needed to double some things.
Take-home pay - 10,485 (includes tax, retirement, and health/auto/renters insurance)
Rent - 1,850
Student loans - 1,075 (ugh)
Daycare - 1,976
Cell phone - 109
Cable/internet/netflix - 158
Heat/electric - 400
Gas - 450
Groceries - 500
Target/toiletries - 125
Car - 396
529s - 150
Take-out - 125
Spending $$ - 200
Haircut - 50
DD's dance class - 60
Misc. - 100
Income excludes any OT for my H, and he usually works 1-2 extra shifts/month (he is a nurse). Everything left over goes to debt (CC, car, student loans).
Monthly take home approx. $5200
Mortgage: $840
Gas/electricity: $150-$200 (varies)
Water/sewer/trash: $60
H truck payment: $417
My car payment: $275 (actually $246 but I pay extra)
Groceries: $600 (includes toiletries)
Insurance: $180
Gas in vehicles: $250 ish?
Vacation savings: $100
Home improvement savings: $100
Gift/shopping fund: $100
My Roth IRA: $120
My HSA: $100
H student loan: $140
H cell phone: $50 ish? (my phone is paid by my employer)
Movie rentals/TV/etc. $20
Dog food/supplies: $100
Parking: $5
Daily Burn subscription: $15
OnStar: $20 (I only keep this because I like the car phone)
Landline: $50
Furniture Row: $100 (0%)
Amazon store card: $100 (0%)
Whatever is left over is used to pay things as needed-haircuts, clothes, minor repairs on things, fun money, entertainment, etc.