Spinoff: Bees, what is your NET income?

posted 3 years ago in Money
  • poll: What is your NET income PER MONTH (monthly check - monthly bills)?
    $0 - 1,000 : (38 votes)
    29 %
    $1,001 - $2,000 : (30 votes)
    23 %
    $2,001 - $3,000 : (22 votes)
    17 %
    $3,001 - $4,000 : (18 votes)
    14 %
    $4,001 - $5,000 : (9 votes)
    7 %
    $5,000+ : (14 votes)
    11 %
  • Post # 3
    Member
    1111 posts
    Bumble bee
    • Wedding: May 2015

    Age: 24

    Occupation:  F/T student & work 3 jobs – 2 are for the college I study at, and the other I’ve been at for 7 years.

    Area of living: Ontario, Canada

    Net income PER MONTH: $0-1,000 area.  I spend almost all I make on bills. Depressing!  My job I’ve been at for 7 years, they don’t believe in raises, so I work for minimum wage there.  Thankfully I graduate in 8 months, and I will take absolutely anything.

    Post # 4
    Member
    1629 posts
    Bumble bee
    • Wedding: October 2014 - Church

    @mrspinesol:  I cannot really answer this question the way you are asking since our finances are completely combined.

    Post # 5
    Member
    1355 posts
    Bumble bee
    • Wedding: October 2013 - Vine Street Church

    Yeah, I can’t answer it either, because even though we’re only engaged, we’ve had completely combined finances for two years now.

    Post # 6
    Member
    1064 posts
    Bumble bee
    • Wedding: June 2016

    bills as in mortgage/rent, loan payments, cable, etc. or also your general expenses i.e. groceries, gas, etc.?

    Post # 9
    Member
    4043 posts
    Honey bee

    @mrspinesol:  

    Age: 25 (me) and 27 (FI)

    Occupation:  both work at school; I do marketing, he is a teacher

    Area of living: Colorado

    Net income PER MONTH: Just figured this out last night, if we include our students loans (which we are paying off as soon as possible), then our net income is $2,000 per month. If we only paid the minimum, then it would be $2,600 per month.


    Post # 10
    Member
    1599 posts
    Bumble bee
    • Wedding: October 2013

    Age: I’m 29, FI is 27

    Occupation:  I work at a tech startup and he works in risk for a foreign bank

    Area of living: NYC, living in Brooklyn

    Net: Interesting question- doing the math, it looks like we take home about 7600 after paying everything but groceries (so probably 7200 after groceries.) That includes

    • Rent
    • Gas, electric, cable, both cellphones
    • maxed out 401k contribution, health insurance and metrocards (all taken auto from our paychecks)
    • dog walker
    • paying down my student loans
    • parking fees

    not included is the small fortune FI and I been spending on wedding stuff everymonth (ugh) for the last 3 months or so.  Also not included is entertainment (primarily eating and drinking out or entertaining in-home) which I would estimate is another 600-800 a month maybe but that’s all optional.

    Post # 12
    Member
    1599 posts
    Bumble bee
    • Wedding: October 2013

    @mrspinesol:  I feel very lucky- we both work hard for our income and, honestly, we live pretty simply given that number (I was surprised when I figured it out on paper just now, actually.) Almost all of it goes into savings.  FI and I cook at home and buy stuff on sale, and I live in my $40 vans and $11 jeans from forever21 ha.  Right now I’m scouring ebay to try to find a purse for the wedding because it just pains me to spend $100 on something Ill never use again, even though I guess I “could.”

    We do feel lucky to be able to give a lot of money to charity and to be able to help out our friends who are having a rough time- I was so broke for so, so long and the kindness of friends and sometimes strangers saved my ass so many times. I’m so glad to be able to pay it forward to others!! *getting teary-eyed….*

    Post # 13
    Member
    4043 posts
    Honey bee

    @bkrocks13:  You only pay $200 in grocercies for the two of you? That’s incredible. I am quite frugal (like $2 a meal) and we still end up spending around $350 per month on food, and we live in a very affordable part of the country!

    Post # 14
    Member
    1599 posts
    Bumble bee
    • Wedding: October 2013

    @bmo88:  Sorry I screwed that up, I meant 400 on groceries (editing original post now) so 7200 take-home.  This is why I dont work in finance 😉

    Post # 15
    Member
    4043 posts
    Honey bee

    @bkrocks13:  Oh ok, I was seriously impressed! We have been trying to find ways to cut back on groceries, but buying healthy foods can add up. $400 is still really good though!

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