how % of your income is spent each month?

[mizzou]

includes mortgage, taxes, gas, everything.

I'm about 65%


biggest expenses is obviously mortgage, but we seem to buy tons of inconsequentials such as magazine subscriptions, home security packages, eat fairly well at home, so our monthly credit card bill is higher then I would like.

I also noticed when trying to figure out how much $ I spend, it's hard to factor in spur of the moment trips or huge maintenance costs or even continuing education costs.

I might be doing great for the year, then bam, I have to reshingle the roof and then get new tires/brakes/etc. etc.etc.

Then I might have a year where I don't do any huge maintenance costs, but it seems like I spend $$$ on shit like computer parts, furniture, etc.

Overall though, 65% seems like a healthy#


So who has the LOWEST %? basement dwellers don't count

 

[Atomic Playboy]

145%. Or maybe something else. I don't know, I don't pay attention to things like basic personal finance.

 

[mizzou]

145%. Or maybe something else. I don't know, I don't pay attention to things like basic personal finance.

well you can't spend more then you have, you can only spend what you have and then start dividing up body parts

 

[Broheim]

voted 91-100, I'm a college student, it's to be expected.

 

[fralexandr]

i like the first option
>10 == greater than ten

 

[Svnla]

< 50% or so but I don't have a wife and kid(s), yet.

 

[mizzou]

i like the first option
>10 == greater than ten

somehow, i always implement poll fail unintentionally

 

[RockinZ28]

Think about 58% of net within a 4 week period, not including random shit I may or may not purchase. But that doesn't include any overtime or left over per diem either, which I use for spending money.

That's my income only, wife and I keep separate finances. I pay rent, utilities, and internet/tv. She gets food, phones, and insurance. Buy our own random shit.

 

[Mixolydian]

I've never done the math, but if I had to guess, I'd say 71-80%.

 

[Tweak155]

Are we just talking net or gross? Technically you spend pre-tax money on things like medical benefits if that is offered to you. Also you're "spending" money on taxes, although you have to pay them sooner or later.

If I had to guess, maybe 38%-40% of net.

EDIT:

If you ask me this same question this time next month though, this figure will drop closer to the 28-30% range.

Dang when I look at this way I'm saving way too much $$. I don't want to have a mortgage but its a 2.75% loan, I'm not really looking to pay that off either!

 

[Juked07]

Think about 58% of net within a 4 week period, not including random shit I may or may not purchase. But that doesn't include any overtime or left over per diem either, which I use for spending money.

That's my income only, wife and I keep separate finances. I pay rent, utilities, and internet/tv. She gets food, phones, and insurance. Buy our own random shit.

I don't know if I ever heard of someone say they keep separate finances from their spouse. Of course I know that's an option that some people choose but I think I've really never heard it.

 

[sjwaste]

Right now, nearly all of it after taxes and deductions (health insurance, 401k, etc). It'll probably be that way until January, when we plan to have some short term debt paid off. Then that number will drop to about 65% and we'll start saving again. Throwing the amount we are at debt is because it's all sitting on 0% credit cards right now until sometime in 1Q 2014 - we did a bunch of home improvement earlier in the year and also probably spent a little more than we should have doing it.

If we're excluding retirement savings from the above, then the true # is about 75% now, dropping to about 50% in January. That last number is about the best we can do until my student loans are paid off, and that will be a while.

 

[darkxshade]

40-50%

My only recurring bills are rent, internet, & a gym membership which comes out to about 30% of my monthly income.

I added 20% to account for food and other misc spending costs but given my bank account balance, I'd say for every $1000 I made, I usually had $600 saved... sometimes more, sometimes less. This is net of pay and does not include 401k which I also have maxed to the 2013 limit.

 

[velillen]

Right now...90-100% of it. Course this is my take home money. So from that all the benefits and 15% for retirement have already been taken out. And i have a good little emergency fund so im not worried about spending it all either

Try to keep it more at 75-80% but the last few months have had unexpected things pop up...like backorders, septic pumps, ect.

 

[Tsavo]

100%.

I'm paying down the principal on my main mortgage and the mortgages of my rental houses.

 

[jaedaliu]

I'm budgeted for ~55% savings each month, some months more, some months less. Living well within our means while saving up down payment.

 

[vshah]

About 67%

 

[jupiter57]

includes mortgage, taxes, gas, everything.

I'm about 65%


biggest expenses is obviously mortgage, but we seem to buy tons of inconsequentials such as magazine subscriptions, home security packages, eat fairly well at home, so our monthly credit card bill is higher then I would like.

I also noticed when trying to figure out how much $ I spend, it's hard to factor in spur of the moment trips or huge maintenance costs or even continuing education costs.

I might be doing great for the year, then bam, I have to reshingle the roof and then get new tires/brakes/etc. etc.etc.

Then I might have a year where I don't do any huge maintenance costs, but it seems like I spend $$$ on shit like computer parts, furniture, etc.

Overall though, 65% seems like a healthy#


So who has the LOWEST %? basement dwellers don't count

145%. Or maybe something else. I don't know, I don't pay attention to things like basic personal finance.

basement dwellers don't count

 

[dank69]

Probably a shade under 50% for me. My wife is closer to 80% since she went part time, otherwise she'd be at ~60%.

 

[Sho'Nuff]

Right now its 100% (85% if 401k is included in the mix) because my kids are in daycare and I'm spending a ton to remodel my house. In a couple years is will be ~55% and I will feel better.

 

[bignateyk]

60% is what we need to live (mortgage, utilities, bills, food, gas). We usually spend about 75-80% though once you factor in buying useless shit we don't need.

This is combined for my wife and I. The 60% is my salary.

 

[swanysto]

Between 91-100%. I pay mortgage, two cars, bills, living expenses, etc. My wife's salary goes straight into savings.

 

[tfinch2]

Probably like 30%

 

[mmntech]

Between 25-30% I'd say. Rest goes into savings. I'm trying to buy a house, and I'll need a new car in the next couple of years. Housing is so expensive here, it's taking a while to get the minimum 20% down payment.

 

[purbeast0]

71% - 80% between my wife and myself.

8% 401k then $250/check to my roth ira. then i have money coming in from mobile apps on ios/android that go straight to my savings account.

i save a lot as well but it's for vacations, so i guess since in the end i'm spending it, it doesn't count as saving. but that isn't in the number above that i stated.

EDIT:

if "saving for vacation" doesn't count as "spending" then i'd put it closer to 60%.