What’s Your Monthly Budget?

Seeking Advice Forum
1

I initially wanted to ask about budgets based on specific take-home amounts, but I think it’d be more interesting to gather various budget examples from different income levels. Let’s see how everyone structures their spending! Here are some ideas to include:

  • Income
  • Location
  • Age(s)
  • Spending line items
  • Savings/sinking fund line items
  • Investing line items

Share your budget!

2

Great idea! I’ll share my budget:

  • Income: $4,500/month
  • Location: Austin, TX
  • Age: 30
  • Spending:
    • Rent: $1,200
    • Groceries: $300
    • Utilities: $150
    • Transportation: $200
    • Entertainment: $150
  • Savings: $500
  • Investing: $300
3

Here’s ours:

  • Income: $7,000/month
  • Location: Seattle, WA
  • Ages: 35, 32, 5, 3
  • Spending:
    • Mortgage: $2,500
    • Childcare: $1,200
    • Groceries: $600
    • Savings: $800
    • Fun budget: $400
  • Investing: $600
4

Here’s my budget:

  • Income: $3,200/month
  • Location: Miami, FL
  • Age: 28
  • Spending:
    • Rent: $1,500
    • Student Loans: $300
    • Car Payment: $250
    • Entertainment: $200
  • Savings: $700
  • Investing: $250
5

I’m retired, so here’s my budget:

  • Income: $2,500/month
  • Location: Phoenix, AZ
  • Age: 65
  • Spending:
    • Rent: $1,000
    • Healthcare: $300
    • Groceries: $400
    • Leisure: $200
  • Savings: $300
  • Investing: $300