What’s the Perfect Budget?

[jpinpb]

Looks good now – I mean bad. I guess if you believe what’s being said about savings being at historical lows, you can take that out of the budget. Also I’m not sure how many people are putting into 401k, unless their company forces them to. I have a sneaky suspicion some people took the money they would ordinarily put in 401k and instead invested in real estate, b/c they stopped making land and it’s only going to go up.

[waitingpatiently]

Here a rough estimate-
After Tax-

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?

[waitingpatiently]

Here a rough estimate-
After Tax-

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?

[waitingpatiently]

Here a rough estimate-
After Tax-

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?

[waitingpatiently]

Here a rough estimate-
After Tax-

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?

[waitingpatiently]

Here a rough estimate-
After Tax-

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?

[Anonymous]

I like the idea of the separate “spending account”; you use what you have in there and once it’s depleted, you don’t spend anymore.

I drive a reasonable car bought new, as I don’t believe in buying used vehicles. The BMW will have to come later once I am grounded in my career and the economy recovers.

I don’t know about anyone else, but I’m not giving up on the hair and nails.

A lady has to have her priorities. 😉

[Anonymous]

I like the idea of the separate “spending account”; you use what you have in there and once it’s depleted, you don’t spend anymore.

I drive a reasonable car bought new, as I don’t believe in buying used vehicles. The BMW will have to come later once I am grounded in my career and the economy recovers.

I don’t know about anyone else, but I’m not giving up on the hair and nails.

A lady has to have her priorities. 😉

[Anonymous]

I like the idea of the separate “spending account”; you use what you have in there and once it’s depleted, you don’t spend anymore.

I drive a reasonable car bought new, as I don’t believe in buying used vehicles. The BMW will have to come later once I am grounded in my career and the economy recovers.

I don’t know about anyone else, but I’m not giving up on the hair and nails.

A lady has to have her priorities. 😉

[Anonymous]

I like the idea of the separate “spending account”; you use what you have in there and once it’s depleted, you don’t spend anymore.

I drive a reasonable car bought new, as I don’t believe in buying used vehicles. The BMW will have to come later once I am grounded in my career and the economy recovers.

I don’t know about anyone else, but I’m not giving up on the hair and nails.

A lady has to have her priorities. 😉

[Anonymous]

I like the idea of the separate “spending account”; you use what you have in there and once it’s depleted, you don’t spend anymore.

I drive a reasonable car bought new, as I don’t believe in buying used vehicles. The BMW will have to come later once I am grounded in my career and the economy recovers.

I don’t know about anyone else, but I’m not giving up on the hair and nails.

A lady has to have her priorities. 😉

[kewp]

I like keeping things simple, so my personal budget is…

1/3 rent+utilities
1/3 debt reduction *or* savings/investment
1/3 everything else

So yeah, the ‘spending account’ is a good idea.

[kewp]

I like keeping things simple, so my personal budget is…

1/3 rent+utilities
1/3 debt reduction *or* savings/investment
1/3 everything else

So yeah, the ‘spending account’ is a good idea.

[kewp]

I like keeping things simple, so my personal budget is…

1/3 rent+utilities
1/3 debt reduction *or* savings/investment
1/3 everything else

So yeah, the ‘spending account’ is a good idea.

[kewp]

I like keeping things simple, so my personal budget is…

1/3 rent+utilities
1/3 debt reduction *or* savings/investment
1/3 everything else

So yeah, the ‘spending account’ is a good idea.

[Author]

Posts