5 ms·
My food budget is 3 times your food budget. My housing is 3 times your housing budget. My student loans are $200/month. My car payment is 300/month. Income
by gregd 11y ago
My food budget is 3 times your food budget.
My housing is 3 times your housing budget.
My student loans are $200/month.
My car payment is 300/month.
Income tax rate 9%.
Sales tax: 0
Medical insurance: $8000/year
Auto (and other) insurance: 1200/year
- adevine 11y agoUmm, I don't mean to sound crass, but if you have 5 kids, 3 who live with you and 2 who do not, and a spouse who isn't currently working, I am not surprised that you find it difficult to save money. At the same time, it's not hard to understand that people who chose to have fewer children would find it easier to save money and get by without needing a trust fund.
- gregd 11y agoIt doesn't sound crass at all. One of the children is a foster child who we get no extra money for. She needs a safe place to live and food in her stomach and we're in a position where we can do that. I don't begrudge my situation at all. What I do have an issue with is "if you can't save x amount per month, you're living beyond your means". It's not that black and white. My trust fund question was legitimate. I also think that if you have a support system behind you (i.e. parents you could ultimately live with if you couldn't find work), it makes taking a year off with very little income, much more likely....as does, having a trust fund backing you up.