- 8 years ago
- Wedding: October 2011
I think everyone here has had good points. I am probably one of the people who has a bit of a “lavish” spending in some peoples eyes…however to put it into perspective DH and I bring home net $11K per months, DH pays $3K in student loans each month, we pay $2k in housing costs (mortgage, bills, insurance, etc), DH pays another $1000 to pay off CC debt, cars bills $900 (two car payments – one own one lease – and insurance for 2) – so we are down to $4k per month.
With that “extra” 4K we currently are paying off some mild CC debt from home buying/wedding crap. (I say crap positively of course). I know $4k seems like a lot but we are trying to build up a nest egg, we live in a 60 year old house (so random things breaking – like our garage door last week a cool $1000 – are not uncommon), saving for one or two nice vacations a year (by nice I mean $1-2K). Now we do have one major splurge and that is the country club we belong to – its $400 per month but we love it and use the crap out of it.
(for the record we have a modest 3br house in an average area, we drive nice cars – but nothing “luxury” by any means)
So I am definitely not saying we dont have splurges in our budget but its also easy to spend the money we make on the normal and usual things in life. When we have a child we will be spending approx $1-1.5K on child care – which will cut into our ability to save. We also plan to set up a college fund for our children which can easily be $500 per month per child to ensure their college is paid for.
Not sure the point of my post – maybe just to show that even when you aren’t in one of those super expensive areas (we live in a suburb of Detroit) its easy to spend money and not too lavishly.