Rent- 40%
Car- 5%
Insurance 4%
Life Insurance- 1.5%
College Fund- 3.2%
Health Insurance- 11%
Cable- 1.7%
Trash- 0.3%
SDGE- 0.9%
Water- 0.4%
Spending- 19.5%
Preschool- 4.0%
Savings- 8.5%
We also max out our 401k and contribute to an IRA. We have no allocation for gas, car repairs, drycleaning, entertainment, food, ect, that all comes out of our spending money. If our car needs repairs or gas goes up we eat cheaper and use our “spending” money for it. We actually have two separate accounts. One that my husbands check is direct deposited into and another that our “spending” money is transfered into every Saturday. We only use our “spending” atm for our purchases. It works really really well, if we don’t have the cash we don’t buy it!
I have no idea how people are buying the kind of cars that they do or how people afford to get their hair and nails done? Am I missing something?
