Sounds about right, though I’d add a few things:
(1) School supplies/trips/etc
(2) Internet (really needed in 2014)
(3) Entertainment/trips, even if local
(4) Unexpected doctor’s visits, checkups, etc
(5) State income tax
I’d add $1000/mo to the $2950 number, honestly
Assuming they have savings, they’d have $1950/mo to pay for condo expenses once they buy a condo. So they can likely swing a $250k condo.
