I feel like I have a pretty decent income, yet I still feel like I’m living paycheck to paycheck?
I feel like something is seriously wrong with my financials. I make a little over 50k a year and feel like I’m barely getting by on the month to month. My car is paid off but if it wasn’t or if my wife needed a car we’d be struggling to make enough to cover all of our bills. Right now if I’m lucky I’m only saving $400 a month. If anything catastrophic happened, we’d be wiped out.
My wife makes less than I do so she helps with a little less than 1/3 of the bills. We only spend $50 for anything that’s not a necessity so we don’t go insane.
Am I doing something wrong?
Here is my income and expenses.
Gross weekly income: $1015.60
Federal: -$91.74
SSI: -$60.62
Healthcare: -$14.18
State: -$41.67
3% Pre-tax 401(k): -$30.46/w
Pre-tax Dental: -$2.12/w
Pre-tax Health: -$35.69/w
Net Pay: +$739.14 - $3,202.94/mo
Expenses:
Mortgage: 1,750 Food $500 / 400 Shared Phone plan $106
Car Ins $98.23 Car loan: $0 Gas $100 Tolls $20
Fun: $200 ( $50 a week) Savings: $200/mo Entertainment: $25/mo
Total: $2999.23
( I put an “ * “ on the bills my wife pays for)
*WiFi: $100 *Electric: $450 *Oil: $220 *Water: $50 *Trash: $25
*Total: $845
Submitted February 22, 2022 at 09:25PM by DuoDos https://ift.tt/dx1M3rP
