(Closed) What are your monthly expenses?

posted 7 years ago in Money
Post # 3
2622 posts
Sugar bee
  • Wedding: November 1999

The first thing we do from each pay check is put money towards saving (we figured out what we need to live to pay bills plus fun money) anything above that goes to savings FIRST


Everyone’s expenses will be different so you wont learn from that, so what you should do is make a list of your current exepenses by looking at your credit cards and saving your receipts for a month.

  • Fixed expenses (insurance, rent/mortgage, phone)

  • Variable (utilities, gas, groceries etc)

  • Discretionary spending (gifts, clothes, going out to eat etc)

Then look at your income (after tax,take home. Determine where you can cut back and how much you can save and put that amount into a savings acount from each paycheck first every time.




Post # 4
1721 posts
Bumble bee
  • Wedding: March 2013

Take home after taxes 5k.


utilities-$325 ish

Car payment-$400 (I wish he would get rid of this payment because we have 2 vehicles paid off already)

Groceries-$320 ish

car ins and gas- $220 month

cell phones-$150

Post # 5
6117 posts
Bee Keeper
  • Wedding: August 2012

@cwineingg:  Well my expenses aren’t going to help you with your expenses ๐Ÿ™‚  Perhaps you can start by keeping track of all of your expenses in a spreadsheet.  I have been doing this for years.  I have tabs for each month, then categories for each month.


This is the best way to analyze where your money is going, see where you can cut back, and see the potential in how much you can save.


or sign up with Mint.com and it will do it all electronically.


Do you normally get tax refunds or do you owe?  If you get refunds you could adjust your withholding so that you get back of your own money at payday.



Post # 6
808 posts
Busy bee
  • Wedding: March 2013

Years ago I took a class on financial budgeting, etc and they had us log everything we spent for a month.  Holy hell!  That shed some light on where my money was going.  Wells Fargo keeps track, and websites like mint.com might be interesting from a tracking perspective if you want data. 

Saving money feels great, especially when it starts to pile up. 



Post # 7
9130 posts
Buzzing Beekeeper
  • Wedding: August 2013 - Rocky Mountains USA

I have a great app that helps me track my spending.  It’s call iXpenselt Lite (the free version) and it’s really well reviewed on iTunes.  You track all the money you spend and what category it is, and it’ll create little reports and spreadsheets for you.  Give it a try!  

Post # 8
8038 posts
Bumble Beekeeper
  • Wedding: December 2013

@cwineingg:  The first step is tracking your finances. Write down EVERYTHING you buy and you will be shocked.

My SO helps me budget since I used to be in debt and am not the best at it. I asked him to help me.

I have monthly “fun” money that I spend on things like clothes, entertainment, makeup etc. When it’s gone, it’s gone.

I save for different things… like Xmas presents, annual bills (like when I have to make a big insurance payment for my rental insurance), etc. That way my cash flow isn’t totally screwed when these things do pop up. So each month some money goes into an account for these things, and then when the bills do come, it’s easy to transfer the money to pay it off.

It helps also to decide what you really want. I hardly ever buy coffee/tea outside… it’s overpriced and I like to make my own tea. That saves thousands a year. I bring my own lunch to work most days. Those types of things really add up. My SO and I have an eating out budget since we love to go to restaurants… but again, we budget for it. It works out to once a week at a fairly nice restaurant, and once a week to McDonald’s (our junk food fix lol).

We shop for groceries once a week (we’ll do one or two smaller trips for stuff like bread if we run out or whatever), and go with a list. I used to shop almost nightly and I spent a lot on unnecessary stuff.

Saving for retirement is hugely important. We have pensions where the employer contributes a fair amount, but we also have RRSPs, TFSAs (I’m in Canada but I know USA has similar) etc. It’s so hard to play catch up on retirement savings so start as early as possible.

Do you have any goals? Maybe a trip you’re dreaming of, buying a house, a new car, etc.? Work the goals into the budget. I spent 7 months saving for LASIK eye surgery, which I had a few weeks ago and paid in full. Back when I was in debt I would have just slapped it on my credit card and hoped for the best. We save for trips. We save for rainy days etc.


Post # 9
1848 posts
Buzzing bee
  • Wedding: April 2015

I wish I made $3K a month after taxes…I would have a ballin’ wedding. Oh well, such is working at a non-profit.

Rent – $575 for my studio

Utilities – $150 in the winter, about $50 in the summer

Cable – $160 for my cable (HBO, HD channels) and internet

Food – $400 (I often cook for Fiance when he visits)

Student loans – (3) a total of $650

I barely have anything left after that, and I work 6 days a week most weeks.

Post # 10
10363 posts
Sugar Beekeeper
  • Wedding: September 2010

Well our mortgage plus taxes/insurance/HOA is about $2400/month before any other expenses, so I think my budget isn’t going to help you much! I’d say you should just sit down, write out all your fixed monthly expenses. See how much you have left over. Track how much of that you spend over a month and then adjust accordingly. If you aren’t spending mindfully, it’s impossible to save and get ahead.

Post # 11
1063 posts
Bumble bee
  • Wedding: June 2016

@sealevels:  same here w the nonprofit! being broke is so fulfilling right. LOL


for me it’s…

550: 1/2 rent (util incl)

100: 1/2 car payment

40: roughly on gas

80: on parking for work (SUCKS to work at a nonprofit and pay to park)

120: school loan (the bigger loan is on IRB so $0 is my payment…for now)

200: roughly on groceries

65: 1/2 cable/internet/house phone

50: cell

$1205 total…


then add in ~$80/month in going out, ~$20-70 in eating out, ~$100-150 monthly in clothes over the year, another hundred or more in the random extra fun thing, gift, event, etc. 

Good thing i work 2 jobs haha


Post # 12
36 posts
  • Wedding: October 2018 - Sandals Barbados

My Fiance and I are just now getting our fiancnes under control after combining everything into one large mortgage loan. After taxes, we have $6k a month for everything.

Mortgage: $901

Utilities: $200ish (electric, water, sewer, trash)

Internet/Cable: $180 (my fiance is into computers.. we have to have the “best/quickest” internet)

Student loans: $50

Car insurance: $140 (full coverage for both, thanks Geico!)

Cell phones: $200 (we carry my M-I-L on our plan, my work discount is nice with Verizon)

Groceries $300-400, depends on what kind of Pinterest recipes I’m cooking up.

Gas: $120 for him and around $80 for me.

We dine out about once a week to get lunch together, which is around $25/week,$100/month

I also spend $50-60 a month on tanning, another $60 or so on pedicures and Shellac, and I spend more than I should in Ulta. We don’t live outside our means, and are very fortunate to both have jobs we love that provide good income and benefits.  After the wedding splurge, I’ve been put on a “no spending” budget, we really need to start putting back for an emergency fund. I’m just so very terrible with money… I hope that changes soon ๐Ÿ˜‰

Post # 13
8482 posts
Bumble Beekeeper
  • Wedding: April 2014

Holy Moses, what kind of jobs do you guys have to make that much a month?

Post # 14
1105 posts
Bumble bee
  • Wedding: May 2014

One of the best ways to save money is the second you get your paycheck, transfer a chunk over. Start with $50 and see if you can manage still, then go up from there. I saved $5k in one year doing this and I got paid 1/3 of what you do. Also, two months out of the year you get an exra paycheck, figure out how you can move the majority of that money into savings; however, you wont be able to move it all at one time since you will still have bills. For example, 300 first check, 400 second , 300 third paycheck. ๐Ÿ™‚


Post # 15
1088 posts
Bumble bee
  • Wedding: May 2013

Fiance and my salary combined is in the six figures…every month we put my ENTIRE CHECK into savings and just live off of his (Salary-wise I make 45% of what we net combined every month and he makes 55%)…this helps us to prevent excessive spending since we are planning to purchase a home this year and would like to have additional funds saved up!

Post # 16
293 posts
Helper bee
  • Wedding: May 2015

Well at the end of the month I could bring home between 3K to 4K a month but I have to pay for the following: 

Rent: 1030
Cable: 170
Student Loan: 104
Car Insurance: 275 (I know a lot…ugh!!!)
Gas & Electric: 120
Netflix: 8
Qriocity on PS3: 10
Car: 321
Credit Cards: I usually put 100 to 200 a month for both
Cell: 93
Gas: 148 (sometimes less because I barely go anywhere these days)

Wedding Fund: 400 to 500 a month 

I usually write down with every paycheck in my little black book what bills need to get paid before the next payment comes in and how much spending money I have after it. Usually I am pretty good with my money. Writing down what needs to be paid and knowing how much spending money I have left does help me a bit. sometimes I will go overboard on the spending but it doesn’t happen that often. 

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