After all bills and groceries how much $$ do you have left over? - Mothering Forums

View Poll Results: What is your monthly "surplus" (income-expenses)
Negative, building debt 9 10.23%
about $0 16 18.18%
$100-200 11 12.50%
$200-300 8 9.09%
$300-400 3 3.41%
$400-500 4 4.55%
$500-600 4 4.55%
$600-700 2 2.27%
$700-800 2 2.27%
$800-900 2 2.27%
$900-1000 3 3.41%
$1000-2000 12 13.64%
$2000-3000 6 6.82%
More than $3000 2 2.27%
I have NO idea 4 4.55%
Voters: 88. You may not vote on this poll

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Old 03-13-2007, 09:42 PM - Thread Starter
 
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For the poll: What's your monthy income minus your monthy expenses (including an approximation for groceries and gas)?

How much are you comfortable with as a minimum?

What do you do with it? Savings? Paying off debt? Snowballing? Mad money?





Mine is $3200/month expenses. Income is about $3800. . .so $600 a month is my "surplus" (hahahaha-that word).

Right now I'm trying to pay off debt as quickly as possible, but I need to get a "new" car and I am having a hard time deciding how much of that $600 is safe/ok/reasonable/etc to give up to a car payment.

~laura
and planning to eat it again
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Old 03-13-2007, 09:56 PM
 
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I'm not sure how to respond - does the surplus include "pocket" money? Or is it what's left after budgeting for that?

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Old 03-13-2007, 09:58 PM - Thread Starter
 
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I guess it depends on what pocket money is for. . .if it's "mad money" for whatever frivolity you want then it's in the surplus category in my book.

~laura
and planning to eat it again
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Old 03-13-2007, 10:50 PM
 
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We usually have a little over 1K left and we pay off random debt (small student loans), put money in our sinking fund, retirement fund, and holiday and vacation funds.
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Old 03-14-2007, 01:08 AM
 
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I said "about 0" but that's not entirely true. We are using part of an inheritance that dp got. We just moved to a new country (Vancouver BC from Ohio) and dp is getting his business started here, and has gotten part time jobs too. (I can't work here yet).
So we're not building debt (we actually got rid of $30,000 combined debt, so we are now debt free except for our van payments).

Before we got the inheritance, and moved, we were racking up the debt though. So maybe that was a better answer? We're really really working to keep it at least over $0! lol

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Old 03-14-2007, 01:13 AM
 
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Very little. Enough that I voted "almost $0".

Lauren
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Old 03-14-2007, 01:32 AM
 
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It varies, but next month we'll have $2,000 leftover, and in May it will be about $1100. We're using it to get out of debt. We live on about $2100per month.
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Old 03-14-2007, 01:36 AM
 
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For about 9 months of the year we have about $1200-1500 after bills but we use that mostly to pay of some debt and we have used it for travel (three weddings we had to shell out big money for in three years!). Right now we are using the surplus to pay our taxes and to pay our midwife.

The other three months of the year we only have about $200-300 after all the bills.

Megan Davidson, Labor & Postpartum Doula, Breastfeeding Counselor, Anthropologist, Mom to August (9) and Clay (4), Partner to Shawn.

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Old 03-14-2007, 01:39 AM
 
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I voted about 0, because we generally spend everything that gets deposited in our bank account, our bills don't add all the way up to that, we have some discretionary, but its hard to say what's surplus and whatnot, since I generally am spending the money on things like making our house into our home (we haven't lived here that long), etc.

However, this is after 401k and ESPP are taken out.

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Old 03-14-2007, 10:45 AM
 
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For the poll: What's your monthy income minus your monthy expenses (including an approximation for groceries and gas)? Without overtime $1000, with overtime up to $1700. DH only makes $11.25 an hour but our total expenses (rent, utilities, car ins, cell phone, internet, online gaming, gym, karate, food, gas) right now is about $1000 a month.10

How much are you comfortable with as a minimum? I would like $500 left after bills at least.

What do you do with it? Savings? Paying off debt? Snowballing? Mad money? Most of it goes to our house that we are fixing up, but DH does buy a fair amount of expensive toys


DH also gets quarterly bonuses ($0-$3000) those go to the house.

Unassisted birthing, atheist, poly, bi WOHM to 4 wonderful, smart homeschooling kids Wes (14) Seth (7) Pandora Moonlilly (2) and Nevermore Stargazer (11/2012)  Married to awesome SAH DH.

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Old 03-14-2007, 11:10 AM - Thread Starter
 
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I am amazed at the spread! How interesting. I thought it would be more bell shaped, but it's U shaped as of now. A lot of us are in the middle some where, but there's also big chunks of us at $0 and over $1000.

~laura
and planning to eat it again
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Old 03-14-2007, 01:24 PM
 
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My hubby is a small business owner and I am a student so sometimes like last fall there was lots to go around and sometimes, like right now, not so much. But I look at it as we always have around $200 leftover for entertainment.

We pay down debt during his busy season and incur more debt during his slow season. I graduate in May and our household income will triple, so hopefully we break that vicious cycle and I can start snowballing with the rest of you !

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Old 03-14-2007, 02:15 PM
 
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Right now I guess less than 0, but we're not building debt -- we're drawing on savings. This is my last year in school and DH can't get a job in his field where my school is, so he's earning less than our rent and I'm not working. BUT I earned enough last summer to cover our expenses this year. This summer, when we move and neither of us is working for a few months (I'll be studying for the bar, and he doesn't have a job yet) we might cross over into debt land, but my MIL has offered to give us an interest-free loan.
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Old 03-14-2007, 02:43 PM
 
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I voted I have no idea. It is incredibly variable from one month to the next. My base salary is sufficient to cover our basic bills and expenses, health insurance premiums, and a 10% contribution to my 401(k). I also earn a bonus each month that can be anywhere from about $150-$1000. It is usually around the $400-500 range. Dh is self-employed and after meeting his business expenses and paying HIS bills (student loan, car loan, cell phone bill) what he has leftover is anywhere from "nothing" to a few thousand dollars.

We don't make any financial commitments that would put us beyond what my base salary covers. So when we have a big surplus month depending on the time of year it goes to savings, vacation expenses (I pre-pay whatever I can when we have the $$ in hand), Christmas shopping, etc.
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Old 03-15-2007, 09:47 PM - Thread Starter
 
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Bump!

~laura
and planning to eat it again
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Old 03-16-2007, 12:12 AM
 
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My husband makes about 3700/month after taxes (military). My part-time income varies from 400-800/month, so, 4100-4500/month income.

I always keep 3000 in the checking account.
We put 800 (minimum) into savings each month and 500/month into IRA/savings...so, we have a surplus of at least 1300/month, although I drop the extra (above 3000 at end of pay cycle) into savings. For example, we **** lhave cash from my last payment, so, whatever I get paid tomorrow (should be about 350 for 2 weeks) will go into savings.

We are both people who absolutely abhor debt. We have one credit card, which is for bona fide emergencies only. When we bought his jeep last May, we put half down and I paid off an extra 1000-1200/month to get it paid off by December. It makes me nervous to have a debt looming over me. We hope to buy a house at the next place we're stationed, and are saving up to have as big a down payment as possible, and I'll probably try to make double payments on that, at a minimum.

At the same time, I'm sure we could live a lot leaner than we do (I used to live on 750 a MONTH when I taught on the Indian Res back in 2000-2003), but, life is for living. We put away for tomorrow, but play today. Both of us like eating out, having memberships to the museums/zoos/etc. around here, enjoy good food at home, spoil our daughter within reason, and have a horrible mutual addiction to books. We have basic cable, a blockbuster subscription, etc. Sometimes I feel guilty about it...if I CAN live leaner, why don't I? But, then my husband will say something like, "When I was in Iraq, all I wanted to do was eat some wings and watch CSI."

I'm babbling.
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Old 03-16-2007, 12:23 AM
 
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We have 0 and sometimes I worry about how to pay the next bill that is coming. We are so far in debt that we are filing bankruptcy. We live on $1600 a month. DH makes tips but those usually go for gas in the vehicle since he has a driving job. Once in a while we will get lucky and have money left but we are saving for a swing set right now and paying our lawyer.

$825 for rent
$25 for sewer and water
$150 for electric
$50 for internet/cable
$200 for food
$78 for car insurance
$170 for student loan
$200 for gas

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Old 03-16-2007, 02:56 AM
 
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We have about $475 a month left over after our bills are paid and our grocery expenses and such are taken out. But, we also have credit cards we're trying to get rid of the debt on, and we're trying to save. Plus, we'll soon have less left over with a baby on the way. But, we're also getting a raise in a couple months. So I say once the baby gets here and we put a bit extra in the savings and a extra towards the credit cards it'll probably be about $100 a month left to spend however we like.

SAHM to Ninja Boy (6) surf.gif and Monkey Man (4) carrot.gif.

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Old 03-16-2007, 02:55 PM
 
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At the moment we are building debt but that will be changing soon since dh sold his house. I haven't got it all figured up yet, but probably after gas/groceries/bills we'll have anywhere from $100-$300 a month extra. But I'm also counting in the bill money the fact that dh eats out all the time at work and I'm counting beer as groceries.
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Old 03-16-2007, 06:06 PM - Thread Starter
 
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I still think the spread is interesting--it's been a stable U shape no matter how many voters there have been.

I am also excited to announce that I think I found a car we can pay for outright and not have to change our monthy "surplus"! I didn't even have to compromise one iota for safety.(maybe a little for reliability--and definitly on color )

~laura
and planning to eat it again
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