It Takes Money to LiveIt Takes Money to Live
It would benefit you greatly to create a budget so you can get a feelfor exactly how much it costs to live… (You can take a look at mineand see how our numbers compare.)
Things you might notice from looking at my budget:
•I have a stay at home wife and therefore a single income.•Health insurance for a family can be as much as $8,400/year.- This is not location specific, it is universal regardless of income.•Finding a way to get through college without student loans is agood thing.•What you thought was ‘rich’ when you are a college student is not‘rich’ when you are the one paying the bills and•Vehicle maintenance is a bear.•Also, our rent could be quite a bit lower. We could even buy ahouse for what we pay in rent. But in order to do that I would have todrive 2+ hours each day simply to commute to and from work. [I canalways make more money, but those 10 hours a week that I spendplaying with my children can never be replaced.]•There is no placeholder for unexpected events – which alwaysoccur…
This is a budget we made a year ago. It is just a ‘plan’, in reality we cut back on almost everythingand paid off our minivan in one year. (Diane works magic with a budget!) Next year our rent is$200/month higher and we have additional medical expenses associated with my mothers stroke. Mygoal is to one day max out our 401k and ROTH accounts, that would truly be a great year!