Quote:
Originally Posted by Unregistered
49, income $7450 pm (annual/12), savings $1300 pm
Here's my expenses
Condo mortgage $1200 pm
Car loan installment $1000 pm
Car related expenses $1000 pm
Parents allowance $800 pm
Insurance $800 pm
Utilities and Internet $350 pm
Food and misc $1000 pm
Total $6150 pm
Spouse, 47, $7000 pm, savings $1100 pm
Expenses
Condo mortgage $1000 pm
Groceries and food $2000 pm
Parents allowance $600 pm
Insurance $800 pm
Kids $500 pm
Misc $1000 pm
Total $5900 pm
Any comments on our expense items? Too much? Too little? Ok?
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friend, you are only saving 16% of your combined income. do you have any other income to sustain ? You have kid"s" to bring up and university coming for your kids, thats heavy weight coming. preety dangerous for a middle-incomer family if you loose your job and no other passive income. and..... you are still paying for condo and car installment. Woah....
No throwing cold blanket. you gotta watch your expenditures. Unless you have a couple of hundred thousands for bad weather