(Closed) Monthly Expenses

posted 6 years ago in Money
Post # 3
Member
1729 posts
Bumble bee
  • Wedding: June 2013

That’s exciting!

 

Homeowners insurance, student loans, heat (if gas or not electric), appliances (depending on the house, this might include fridge and washer/dryer)

 

If you plan on getting any regular services–we have pest control, TruGreen (they make the grass look nice), lawn care people and maids who come too.

 

Post # 4
Member
633 posts
Busy bee
  • Wedding: April 2014

House payment

Power

Gas (for home)

Gas (for cars)

Internet

Cell phones (2)

Water

Motorcycle payment

Auto Insurance (car and motorcycle)

Groceries

Diapers/Wipes/Baby stuff (you don’t have that, but it’s part of ours)

Home improvement/repairs

Yard maintenance

FUN STUFF!

 

Post # 5
Member
3572 posts
Sugar bee
  • Wedding: September 2011

PROPERTY TAXES

Post # 6
Member
9139 posts
Buzzing Beekeeper
  • Wedding: November 2013 - St. Augustine Beach, FL

These are the worst when you become a homeowner but you have to take care of them: 

Home improvement/repairs

Yard maintenance

These actually ended up being so bad that it will be a long time before I consider buying another house and it might end up being a condo or townhouse so I can avoid a lot of those expenses.  I love being able to call up the landlord to repair or replace broken things.  I may have to wait a day or two longer than it would take if I were to do it but I will take that since s/he is picking up the bill too.

Post # 7
Member
77 posts
Worker bee
  • Wedding: March 2012

where we are, the sewer bill doesn’t come every month, but it’s a hefty amount when it does come in, so put that in your budget as well.

i also noticed you didn’t have life insurance budgeted in.  if you don’t have that, think about getting one for each of you as well.  

oh, and home alarm fees, if you want that too.

Post # 8
Member
2685 posts
Sugar bee

@beachbride1216:  +1 to home improvement and maintenance expenses.  

OP, make sure you do your research and find a good home inspector because they’ll help you understand any issues and potential expenses with the house.  Any significant issues can be negotiated with the seller.  FI and I were able to get 10 new windows replaced after it was found they were defective during the inspection.  I have friends who just bought a house and their inspector failed to notice some pretty serious flooding problems in the crawlspace, which left untreated could cause expensive foundation problems.  They’ve spent at least $1k to fix it and will likely need to spend double that before it’s completely fixed.

Post # 9
Member
186 posts
Blushing bee
  • Wedding: July 2013

Trash and recycling as well 🙂

Post # 10
Member
77 posts
Worker bee
  • Wedding: March 2012

where we are, the sewer bill doesn’t come every month, but it’s a hefty amount when it does come in, so put that in your budget as well.

i also noticed you didn’t have life insurance budgeted in.  if you don’t have that, think about getting one for each of you as well.  

oh, and home alarm fees, if you want that too.

Post # 11
Member
6123 posts
Bee Keeper
  • Wedding: August 2012

In my budget spreadsheet I have:

HOUSING that’s mortgage, utils, cable, internet, gas – I don’t budget for property taxes because as they rise, my mortgage is adjusted accordingly.  We do the bi-monthly payment option though.

FOOD – I have one for groceries and alcohol, then another for just eating out.

AUTO – that’s gas, oil canges, insurance, repairs, registration fees, tires

MISC – this is anything pet related, house/yard stuff related, repairs, toys for us, random Amazon purchases, etc

ENTERTAINMENT – plane tickets, movie tickets, DVD rentals, camping fees, fun stuff

HEALTH – we’re on HDHP so no premiiums, so any Rx, doc visits, ER visits, optical

CLOTHES – any shoes and clothes basically

SAVINGS – IRA contributions other intentionally deposited savings

 

Our life insurance comes out of our paychecks and it’s only like $1/month through our work.

Post # 13
Member
1105 posts
Bumble bee
  • Wedding: May 2014

I know you wrote “gas”, but if you end up with a house that has gas stoves, etc. you will have that bill too. So two gas bills! 


Also, I love these websites for looking into getting a house, thought I might share.

 

http://mlcalc.com/  – Shows you what your monthly payments will be given the interest rate, homeowners insurance, and property tax over whatever term you choose. Its also fun to play around with the amounts, to see that an extra 15k is only $50 a month more.


http://cgi.money.cnn.com/tools/houseafford/houseafford.html  – this ones nice to se what you are comfortable with after figuring out what your monthly expenses will be!

Post # 15
Member
6123 posts
Bee Keeper
  • Wedding: August 2012

@MrsN14: 

One thing I learned about buying all new home maintenance things… 

Don’t buy the cheapest!  Second cheapest maybe is OK. LOL

 

I recall buying he cheapest weed whacker, lawn mower, loppers, etc.  They were all crap and broke or fell apart rather quickly.

Post # 16
Member
752 posts
Busy bee
  • Wedding: October 2011

I know someone mentioned insurance.  Go ahead and get life insurance policies and make each other the beneficiaries.  You don’t need mega policies but if something were to happen to one of you, you don’t want to be left in a lurch unable to pay the mortgage.

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