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09-27-2005, 01:54 PM | #1 |
Scooby Specialist
Member#: 50578
Join Date: Dec 2003
Chapter/Region:
Tri-State
Location: -= Best Pizza /\ =-
Vehicle:2014 Fiesta ST -=meh=- |
Trying to figure out how messed up my finances are, compared to OTs
OK... So that nobody has to reveal any specifics regarding what you make / what you spend, etc., let me phrase it like this:
What percentage of your monthly income is accounted for (i.e.) tied up by bills and/or consistent expenseses (mortgage, car*, insurance, credit cards, cell phone, gas*, etc.) *In regard to car/gas, don't count project cars, or gas used for autoX, etc., as that constitutes leisure time, IMHO. I'm gonna have to go out on a limb here and say 75-80% Pretty bad, right?
* Registered users of the site do not see these ads.
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09-27-2005, 01:56 PM | #2 |
Scooby Guru
Member#: 3781
Join Date: Jan 2001
Vehicle:2023 Ioniq6 Green |
I take home about $3400/month
My expenses are around $1400/month |
09-27-2005, 01:57 PM | #3 |
Scooby Specialist
Member#: 39142
Join Date: Jun 2003
Chapter/Region:
MAIC
Location: Vienna, VA
Vehicle:Memb er#: 39142 Join Date: Jun 2003 |
% of gross or net?
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09-27-2005, 01:57 PM | #4 |
Scooby Specialist
Member#: 33246
Join Date: Feb 2003
Chapter/Region:
NESIC
Location: Where ever I lay my hat is my
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We've been through this already a few times.
* true cost of home ownership/monthly budget advice. http://forums.nasioc.com/forums/showthread.php?t=523202 * How much are you worth? http://forums.nasioc.com/forums/showthread.php?t=616853 There was another toward specific budget areas but I don't feel like spending the time to locate it. - Janq Last edited by Janq; 09-27-2005 at 02:06 PM. |
09-27-2005, 01:57 PM | #5 | |
Scooby Specialist
Member#: 50578
Join Date: Dec 2003
Chapter/Region:
Tri-State
Location: -= Best Pizza /\ =-
Vehicle:2014 Fiesta ST -=meh=- |
Quote:
(Sorry.) |
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09-27-2005, 01:59 PM | #6 |
Scooby Specialist
Member#: 39142
Join Date: Jun 2003
Chapter/Region:
MAIC
Location: Vienna, VA
Vehicle:Memb er#: 39142 Join Date: Jun 2003 |
I'm at about 35% of my net income used for rent, car payment, auto insurance, jetski insurance, credit cards, cell phone, gas, etc.
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09-27-2005, 01:59 PM | #7 |
Scooby Specialist
Member#: 67536
Join Date: Aug 2004
Chapter/Region:
NESIC
Location: Side of the road, Somerville
Vehicle:00 AW GM6 And a bunch of parts |
As long as it isn't over 100% you're probably doing better than most people.
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09-27-2005, 02:03 PM | #8 |
Scooby Specialist
Member#: 26739
Join Date: Oct 2002
Chapter/Region:
NWIC
Location: Offshore
|
everything i make i spend. but then again it goes toward my debt or getting ahead of my debt. I am currently 4 months ahead on my house, have no credit card debt, and am putting down larger than normal payments on my wrx.
only "fun" money after bills goes to brat parts, my brat needs a new motor. So no, i dont have a "savings" account, but what i do have is the ability to live for many months on almost zero cash aside from food, and i do just fine eating bulk foods oatmeal and rice when i need to. This has not always been the case and i have plenty of cool toys and hobbies sitting around my house, i just guess that my most recent hobby is seeing how cheaply i can live in a month. Good thing is that my GF lives with me, so we have money to do a few little things now and then. |
09-27-2005, 02:03 PM | #9 |
Scooby Newbie
Member#: 6654
Join Date: May 2001
Chapter/Region:
MWSOC
Location: Wis-Con-sin
Vehicle:2006 Odyssey |
I think our non-discretionary spending is about 70% of net. That includes things like gas, groceries, toilet paper, etc.
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09-27-2005, 02:14 PM | #10 |
Scooby Specialist
Member#: 25038
Join Date: Sep 2002
Chapter/Region:
Tri-State
Location: Central Jersey
Vehicle:2002 PSM WRX sedan |
I'd say probably 60% of my income goes towards bills. Credit card mistakes in my earlier years are biting me in the ass now. That 60% SHOULD be 100% if I could do it. But ya' gotta live a little bit, right?
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09-27-2005, 02:16 PM | #11 |
Scooby Specialist
Member#: 22218
Join Date: Jul 2002
Chapter/Region:
South East
Location: University of Florida
|
In the red, parents bail Full_Clip out several thousand each year.
chris619 dr_wheel Full_Clip needs to eat. |
09-27-2005, 02:27 PM | #12 |
Scooby Newbie
Member#: 43357
Join Date: Sep 2003
Chapter/Region:
Tri-State
Location: unwrapped
Vehicle:2004 Smug 46MPG 2016 Clown Car also zoom3 |
400%
Damn kids. - |
09-27-2005, 02:27 PM | #13 |
Scooby Guru
Member#: 4811
Join Date: Mar 2001
Chapter/Region:
NESIC
Location: Warper of Young Minds
Vehicle:2014 Focus ST NESIC track Ho #35 |
I don't want to think about it right now...
give me a few months, then I'll give you an answer speed safely Brian |
09-27-2005, 04:48 PM | #14 |
Scooby Newbie
Member#: 26525
Join Date: Oct 2002
Chapter/Region:
MAIC
Location: Arnold, MD
Vehicle:Sold 2002 WRX 2011 LGT Blue |
~82% for mortgage, wrx, utilities, insurance. Much tighter than I am comfortable with. The remaining 18% goes to home improvements. Doesn't include the wife's income or bills. She buys the groceries and pays her student loans. Next year both our cars will be paid off and things will loosen up quite a bit.
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09-27-2005, 05:05 PM | #15 |
Scooby Specialist
Member#: 21356
Join Date: Jul 2002
Chapter/Region:
NESIC
Location: Can't catch me!
Vehicle:2017 Subaru Corolla STI Limited SE-R Type (R) |
err, my overestimate was that I was using about 80% on everything, house, car, bills, taxes, insurances, savings, 401ks, etc. The 20% left was play money.
Not much, but if I rent the other room it will become 40% play money |
09-27-2005, 05:07 PM | #16 |
Scooby Guru
Member#: 23260
Join Date: Aug 2002
Chapter/Region:
BAIC
Location: -=3/1 Jew Crew=-
Vehicle:Patr ick Willis for Rookie of the year |
Monthly income?
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09-27-2005, 05:27 PM | #17 |
Scooby Specialist
Member#: 1997
Join Date: Jul 2000
Chapter/Region:
MWSOC
Location: Des Plaines, IL
Vehicle:2006 Acura TL 6spd STMGM6 alumni |
I have 47.9% of my monthly net income tied up in pretty much fixed expenses.
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09-27-2005, 05:30 PM | #18 |
Scooby Specialist
Member#: 64358
Join Date: Jun 2004
Chapter/Region:
MAIC
Location: Washington, DC
Vehicle:2006 STI 2013 Boss 302 |
75 to 80% is pretty high my friend. You may need to figure out your budget better.
Good luck. Nawambo |
09-27-2005, 05:31 PM | #19 |
Scooby Guru
Member#: 8808
Join Date: Jul 2001
Chapter/Region:
NESIC
Location: WRJ, VT
Vehicle:2011 WRX DGM 5D |
Around 65%. Food is not counted in that number.
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09-27-2005, 05:35 PM | #20 |
Scooby Specialist
Member#: 36240
Join Date: May 2003
Chapter/Region:
MWSOC
Location: Columbus, OH
Vehicle:2015 STi |
im sure im in the +80% range too ... i dont wanna think about it so im not even going to try to give a exact number... too depressing
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09-27-2005, 05:40 PM | #21 |
Scooby Newbie
Member#: 59141
Join Date: Apr 2004
Chapter/Region:
International
Location: Home
Vehicle:ManU Redsox Notre dame |
i take in 3200
I put out 1600 so about 50% of my income is spent on bills/car/rent/imnsurance I don't have any other needs besides that, I am not in debt to CC companies or student loans so that is all I have out, and whatever tracy makes gets put in the bank and saved for a downpayment twords a new home |
09-27-2005, 05:40 PM | #22 |
Scooby Newbie
Member#: 13772
Join Date: Dec 2001
Chapter/Region:
RMIC
Location: -=OT SQUIRREL HERDER=-
Vehicle:16 Frontier Red |
About 60%.
Though I usually spend about 90% of my take home. Most of it going twoards home improvements. So does that count as spending or investing? |
09-27-2005, 05:40 PM | #23 |
Scooby Newbie
Member#: 2461
Join Date: Sep 2000
Location: Portland, OR
Vehicle:2007 Lotus Exige S |
Under 5% at the moment
That'll change in Feb after my move to the frozen north (Portland). |
09-27-2005, 05:47 PM | #24 | |
Scooby Specialist
Member#: 3787
Join Date: Jan 2001
Chapter/Region:
South East
Location: G-ville
Vehicle:2008 Gay Car |
Quote:
Take home - $3700 Expenses - $2300 (63%) Remaining - $1400 Are you guys counting things like pet food, your wife's tampoons, any prescription meds, stuff like that? Cause I'm counting EVERYTHING. And no credit card bills and no car payments are nice. |
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09-27-2005, 05:49 PM | #25 |
Scooby Specialist
Member#: 39142
Join Date: Jun 2003
Chapter/Region:
MAIC
Location: Vienna, VA
Vehicle:Memb er#: 39142 Join Date: Jun 2003 |
I don't think that I would be comfortable with anything over 50%. It's basically the fear or getting hurt, or losing a job, etc. I'm in a pretty stable environment, but one never knows. I like the comfort of shrugging off a layoff or other unfortunate event, and the mobillity of not having high financial burden.
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