We do have 2 kids, but I know plenty of friends who have kids who seem to get by easier than we do. I've combed over the budget countless times but can't find a place to cut to build up a good emergency fund.
I make $23.175 per hour and she makes $19 per hour. I deduct $212 from my check every week to pay for health insurance and also deduct $55.62 for 401k match. My wife has no deductions taken from her pay. She typically brings home $1,100 biweekly and I bring home $525 weekly. This varies slightly for both of us based on OT or leaving an hour early here or there.
This means we bring home about $55,900 per year or $4,658 per month.
Giving 10% - $730
Mortgage - $701.11
Gas/Elec - $175
Water - $70
Internet - $45
TV - $20
Garbage - $18.08
Cellphone - $70.40
Car Ins - $250
Netflix - $11
Life Ins - $37
Car Loan - $200
Grocer/Toiletries - $450
Gas - $150
Dogs - $100
Daycare - $1,148
Total - $4,295.59
Remainder - $362.41
That $362.41 is always gobbled up by trips to the doctor or other mini emergencies or things we forgot to budget. Is anything here out of line? Shouldn't I be able to save more than 362.41 per month with a $90,000 income?
If I were to guess, I'd say my insurance costs and daycare costs are gobbling it all up, but there is nothing I can do about that, right? I know many people don't give 10%, but we won't cut there because we feel blessed and want to give back. Just looking for either confirmation or help on where to trim.
Submitted December 27, 2017 at 12:15PM by PFThrowAwayDuh http://ift.tt/2lgOwc4
