I was pretty apprehensive about sharing a monthly budget. I mean I have been USING a monthly budget for years. It is the SHARING part that had me knuckled up.
My family has been living below our means since before there was an income to live below. But the Natural Bourgeoisie Creep of a two income household has got us spending in ways that would have made me feel queasy back in the day.
Quite Frankly, I was worried about scorn and ridicule of fellow FIRE types when I look over some of my ‘necessary’ spending. Hence the above photo.
The actual paycheck income is usually higher than this chart. ONE LESSON I have taken to heart over the years is to live off the same level income – raise after raise – and stash the ‘new money‘. But I wanted this budget update to reflect ‘as of right now’ numbers. I also do my expenses over 52 weeks but count my paychecks at a rate of only 24 per year. I consider the 2 additional paychecks each year to be gravy.
The primary and second mortgage rates are good at 3.75% and 3.5%. Rental locked at 4.875%. Student loans are paid off as of 5/26/17!
Dining out is a HUGE problem I know. (post here – also addresses Housekeeping). Daycare expenses are OVER!
We use gas up at an alarming rate because we both drive to work, 60 miles round trip for me, 80 miles her.
Life Insurance will stay steady, car/home insurance always creeps up. We carry an umbrella policy too because of the rentals..
So of the money coming in, this is where it goes. $ 3,792 gets tucked away automatically. I could not divert this money even if I wanted to. This is a great system to avoid temptation. Hal-9000 is watching.
$ 5,934.00 is showing as money ‘Left over‘ but this also includes any discretionary spending and usually gets eaten into pretty heavily each month. It also includes the one off expenses that not even very thorough people put into their budgets.
There seems to be no end to the little things needed to maintain the upper middle class American lifestyle. (grimaces inward).
Of interest; Our Retirement Master Plan