Is it normal to still spend 800$ on Needs when you dont have rent/utilities. I am living with parents and dont pay rent.
My monthly needs are
- Groceries $100
- Car payment minimum $419. Has 7% interest rate. 17.5k left
- Gas $100
- Car Insurance $116
- Cell phone $55
- Total: $790
Edit:
- I may have to start paying rent of $500-$600(including utilities) in august/september
- income is 60K, take home is 47k
- All the needs are already "optimized"
- No risk of me going homeless.
Savings:
- I have a 15k emergency fund
- Planning on making additional 1k payments on car principle
- Am putting $176 to 401k
- $30 goes to company insurance
After calculating wants/savings/needs, im left with 1800 that i guess will go to a year long emergency fund
Submitted April 05, 2024 at 11:38PM by Legitimate-School-59 https://ift.tt/q3RLxNU
