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What do you save per month?

Discussion in 'Members' Lounge' started by Bob Vila, Mar 13, 2008.

  1. Bob Vila

    Bob Vila ɐןıʌ qoq Admin VIP

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    How much cash do you save per month after all expenditures?

    My wife and I on average are saving between 2,5k and 3k per month after the following:
    • Mortgage $1900 (we pay 300 extra ea/month)
    • 2 Vehicle Notes $800
    • My Student Loan $150
    • Two Card Payments (Amex Green and Wifey's CC ) ~500
    • Stock Contributions $500
    • IRA Contributions $200
    • Disney Property $200
    • Utilities $600
    • Gas $320
    • Groceries $250
    • Entertainment $600
    We have a savings account on the checking for a rainy day fund and then the bulk is in a Money Market Account...

    What's your position?
     
  2. Briansol

    Briansol Admins Admin VIP

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    broke :)
     
  3. Capt. Orygun

    Capt. Orygun Win the Day

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    We just did the budget as a married couple and after everything is paid and money has been set aside to go out, see movies, etc the wife and I will be left with about $1,800 at the end of the month
     
  4. get_nick

    get_nick These snozzberries taste like snozzberries... VIP

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    right now i save absolutely 0. yep, squadoosh.

    i have a lot of debt that i pay every month. hopefully by the end of summer i'll be debt free. here is what i hope to be by the end of the year.

    $300/month 401k
    $800/rent+utilities
    $100/cell
    $200/entertainment
    $500/misc

    totals-$1900.

    hopefully i can save $800/month. This is just solid pay though. not including variable monthly bonuses. hopefully that will go straight into savings and i'll just live off of my paycheck.
     
  5. Briansol

    Briansol Admins Admin VIP

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    i don't even want to know...
    alright fine....
    this is what i pay, not necessarily what i owe (ie, I pay more on things I owe on)

    mortgage: 2800
    m3: 900
    truck: 300
    car/truck insurance: 140
    cell: 70
    land line and fax through vonage: 50
    cable/internet: 49
    nightly coffee: 60
    smokes: 165 ($5.50x30 ish paks a month)
    fuel: 500
    credit card: 2000-3000 (but i charge everything... my gas, some of my bills are on auto pay on it, etc, so ya can't really count this total)
    oil for the house: ~200 a month give or take.
    power: 100
    water/sewer: 25
    car tax: 90 (~1000 a year)
    groceries/food/going out: 500 ish?. i eat out a lot... lunch every day, dinner a couple times a week.


    thats 5949 not counting the credit card 2-3k.


    good thing i make money :)
     
  6. neonmike

    neonmike Senior Member VIP

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    i save absolutely zero. after all the bills at the end of the month i barely have enough to buy a dollar menu cheeseburger. it wouldn't be so bad if i didn't own a gas guzzler for a car and home heating oil wasn't so outrageous. that and if i got more than .6 cents for my year review.
     
  7. Bob Vila

    Bob Vila ɐןıʌ qoq Admin VIP

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    You didn't answer the question!
     
  8. nootrac22

    nootrac22 Well-Known Member VIP

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    i save zero. if you count 401k about 250 a month.
     
  9. TurboMirage

    TurboMirage YEEAAAHHH VIP

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    a few hundred a month, less if i buy car parts :)
     
  10. DarkHand

    DarkHand Senior Member VIP

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    Zero. If anything is left at the end of the month it will almost definitely go toward some sort of bill the next month. :(
     
  11. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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    any money i have saved at the end of the month is invested in copper, brass, and lead then slung down range at 1200fps
    :gunfight:
     
  12. |Chaz|

    |Chaz| Well-Known Member VIP

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    I think I save on average $200 a month. But living at home makes it easy for me so it's almost like cheating.
     
  13. Airjockie

    Airjockie Watanabe Whore!!!

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    $1170 a month, and what ever interest the 401K makes....
     
  14. dacheat

    dacheat ..is grounded.

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    i literally save pocket change, currently. i'm a good american, i spend that shit. but i'd save some too, if i made more. ;).
     
  15. Jeef

    Jeef NO MA'AM Moderator VIP

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    A couple hundred a month if I am lucky.
     
  16. LS_VTEC

    LS_VTEC you get the BRAKE

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    Let's see here.. ::eek:pens savings book::...... $324.83.....::eek:pens check book::..... $1356.41.... ::eek:pens wallet::.... $218.00.... In about two weeks, it will all be gone and I will be left with what I have in the savings only and maybe a few bucks in the wallet. New job is killing me since I moved onto another shop I have to start at the bottom and work myself up. :thumbsdown:
     
  17. get_nick

    get_nick These snozzberries taste like snozzberries... VIP

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    probably not. as a financial planner, i have a lot of experience with this. the more we make, the more we spend. ask anybody. B will agree, everytime he upgraded his income, he spends more. new cars, new house, we all do it. i even did it. i got a new job and got a gf. wouldn't have gotten a gf without a job. we just spend more. ^_^
     
  18. cheese9988

    cheese9988 Senior Member VIP

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    $160 a month to stocks and municiple funds, reinvest the dividends.

    apt: $740 (includes heat and two dogs)
    dogs: $50
    Cobalt: $320
    G6: $80
    2 phones: $100
    car gas: $320 (both cars)
    student loan: $300
    credit card: ~600 (both of our cards)
    food: $600 (between two people and going out)
    insurance: $250 (both of us)
    cable: $100
    gym: $160 for both
    entertainment: $100

    **remember, the more you make, the more you spend.
     
  19. jp_p5

    jp_p5 MicWhop

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    I save nothing. But my wife saves. Oh wait yeah thats right she gets my pay check. Seriously I really don't know how much we have in the savings account. The wife takes care of all it and tells me what we have and don't have money for. I know we have some money in there but not sure what we put in every month?
     
  20. B16

    B16 Super Moderator VIP

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    ~$3,000 per month which includes 401k
     
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