(Closed) After you pay all of your bills, how much money do you have to play with?

posted 6 years ago in Money
Post # 32
Member
580 posts
Busy bee
  • Wedding: August 2013

We have about $5,000 left over. Some of it goes into savings — some of it is “play money”.

Post # 33
Member
1157 posts
Bumble bee
  • Wedding: May 2014

@Bellagiobride:  We were living paycheck to paycheck.  July 1st we dramatically downsized.  We gave up our rental and all of the bills that came with it.  We used to have no money left.  Now after bills are paid we should have between 4-5k a month.  Of course a lot of the money will go to pay for our wedding, but a portion of that is also being saved for the purchase of a house.  

Post # 34
Member
1460 posts
Bumble bee

I’ve had two jobs for a while and I was on a really aggressive savings plan (saved almost $40k for a downpayment). I didn’t want to cut back on things like beauty maintenance (mostly my hair, I’m AA too lol) and shopping so I just worked harder bartending/managing a restaurant/club. Once I reached my savings goal a few weeks ago I left my part time job and now I just have my career job…it kind of sucks because after bills, a way smaller set aside for savings, and bare essentials I’ve got about $500 to “play” which includes my hair, nails, going out, random food etc

Post # 35
Member
699 posts
Busy bee
  • Wedding: September 2011

We kind of “pay ourselves last” but with everything left over.  We have about $6000 a month after we pay for bills/food/general entertainment, etc.  That’s after all source deductions, including employee share purchase plan and retirement savings.  However, the surplus goes toward big ticket items like plane tickets, ski passes, and paying off the car and a loan we have from family.  We should be free and clear of all debts (mortage paid off earlier this year) by the end of 2014.  We have very high cashflow and are in the top 5 or 10% in Canada, though.

Post # 36
Member
104 posts
Blushing bee

we are separate finances. After everything mandatory is paid (he pays mortgage, I pay utilities, each pay our own car payments/insurance/etc), I have roughly $3000 a month that goes to paying for my horse, paying down my student loans, etc.

 

I put roughly $1500 towards loans and the rest pays for food/gas/clothing/incidentals/horse.

 

I have a small emergency fund and put 4% into my 401k. There was no reason to save more than I’m saving, because the loans are costing me money.

 

 

Post # 37
Member
4690 posts
Honey bee
  • Wedding: June 2013 - Upstate NY

I just redid my budget… After the mortgage, 401k, IRA, and $200 to my savings, I have about $300 Every cent of that gets spent on dining out, pet care, clothing, gifts, etc.

Didn’t include husband in this. His play money is his! We kept it all separate except for one joint credit card!

Post # 38
Member
492 posts
Helper bee
  • Wedding: July 2013

We don’t allocate any money for “fun” because we’re in super saver mode right now. All of our money goes to bills, food and gas. Any money left over goes into the savings account. 

 

We’re great savers and love doing more outdoorsy things, so living without the theater, restaurants and bars is quite easy for us. 

Post # 39
Member
258 posts
Helper bee
  • Wedding: October 2013

I leave $700/month for spending money… that’s after all bills including my student loan, what I put into my savings account, and $300/month that I put into an account that I solely use for travel. I love random weekends away and bigger trips, so I always like to know I have that money ready to go if a great travel opp comes up! 

Post # 40
Member
1721 posts
Bumble bee
  • Wedding: March 2013

About $1000 left over to save/play with.

Post # 41
Member
407 posts
Helper bee
  • Wedding: June 2015

After bills we have a little over 2k, but we save 600 of that. 

Post # 42
Member
1542 posts
Bumble bee
  • Wedding: June 2013

We have our budget worked out down to the penny and we give ourselves a certain amount for spending money, groceries, gas, or w/e else we have to pay that month. We add whatever is left to pay off our lowest debt. I think next month we’ll have about 6-700 extra to pay on the credit card. We already have a small emergency fund so we aren’t saving anymore right now.

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