Hello everyone!
To explain my situation in a little more depth:
I'm a M22, born in the US but lived abroad since I was 7 (my parents were missionaries in South America.) I'm married now and moving back to the US with my wife.
We've managed to save just enough for our starting expenses (mattress, couch, desks, car down payment, etc.) and have managed to find a relatively cheap apartment in southwestern Washington, within commuting distance of the Portland metro area.
I have a decent job that I do from home, between $3000 and $4000 a month, although there are a couple very low seasons, e.g., in January.
My wife is going to be working as a piano teacher (she has qualifications and experience, so not just as a casual teacher,) but she'll need a couple of months to build up a regular student base.
My main question is: what percentages should we be aiming at? If I stick with the conservative estimate of $3000 for the first few months, how much of our income should go to rent, car payment, groceries, etc.? Our rent is already fairly low, 25% of our income, so I'm just looking for an estimate on the rest, and some ideas for what to do going forward. As my wife gets more students, we'll have some disposable income, but I'm not sure what to invest it in. (newer car? property? retirement?)
Any advice is appreciated.
Thank you!!
Submitted October 06, 2019 at 06:13PM by readacted1 https://ift.tt/35dNBPW
