What is the actual breakdown of the $2300? Your mortgage should be no more than 30% plus do you have savings set aside for things like household emergencies and repairs type thing - plus depending what your DH does for work can he claim any car /travel /phone expenses ?
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11-03-2015 19:15 #11
11-03-2015 19:23 #12
We are quite big spenders as we live in a large house in inner city Melbourne and we pay a lot in childcare fees.
We also fly back to Europe once a year.
Even factoring all that in we spent $1,880 a week and that factors $250 of play money that could go.
11-03-2015 19:31 #13
Just a couple of things to consider that I don't remember being on the list:
* car upgrades, tyres
* union fees
* whitegood replacement, laptop replacement
* Kids' sports
* Gym fees
* further education fees
* preschool/OOSH fees
* house maintenance
* medicines and operations (gap fees on top of phi)
* subscriptions (ie. Reading eggs)
* sponsor children
I also can't BF so we also get to spend an extra $25/week on formula, (which is reasonable compared to what some people have to spend on special formulas).
Ours at a rough calculation comes to around $1120/week with no mortgage or other debt repayments. Family of 6. Haven't included savings for next car upgrade.
Last edited by Little Ted; 11-03-2015 at 19:35.
11-03-2015 19:43 #14
So this is how I have broken everything down. @Elijahs Mum I'm just talking about immediate out of pocket expenses if that makes sense. I have broken down every single bill and allocated an amount each week and this is what i get. I live in Perth if that makes any difference. Please be kind.
MORTGAGE 642.00 INVESTMENT LOAN 200.00 TAX 200.00 GST 150.00 CAR LOAN 127.00 HBF 44.00 RAC HOME & CONTENTS 20.00 RAC CAR X 2 36.00 TPG INTERNET 17.00 TELSTRA HOME PHONE 6.00 KLEENHEAT 14.00 SYNERGY 35.00 RATES 33.00 CAR REGO x 2 25.00 CAR SERVICING x 2 50.00 OPTUS MOBILES x 2 47.00 WATER 10.00 FOOD SHOPPING 200.00 TAKEAWAY 50.00 INCOME PROTECTION 35.00 PETROL 100.00 ENTERTAINMENT 100.00 HOLIDAY 100.00 XMAS 20.00 BIRTHDAYS 20.00
11-03-2015 19:45 #15
11-03-2015 19:48 #16
Straight up - takeaway, holiday (make cheaper), entertainment
11-03-2015 19:53 #17
Does your super include income protection?
11-03-2015 19:54 #18
I think that's fine - our budget is all over the place as we get paid based on sales so our total income changes every month but our standard monthly expenses are similar to yours except our mortgage , insurances, food and going out amounts are higher and next year we have to add school fees! ( the business pays for our phones and cars so we don't need to worry about those)
11-03-2015 20:00 #19
food shopping and take away?
this is for 2 ppl right?
11-03-2015 20:04 #20
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