Saturday, October 24, 2009

How much money do you have left after bills?

I ask because I just bought my first place yesterday. My boyfreind and I stay with about $1100.00 after paying bills that includes everything food, mortgage, gas, credit cards (only have one), insurance, etc. Is that sufficient money left after paying bills?

How much money do you have left after bills?
Negative $62,000 and some change U.S.
Reply:yes it is half should go into savings
Reply:YOU MEAN, HOW MANY OTHER BILLS DO I HAVE AFTER MY EXPENSES HAVE BEEN DEPLETED FROM OTHER BILLS
Reply:most people have zero left.
Reply:That should be enough if you save what you don't spend.
Reply:Not much because I have over extended my investments. Try to invest yours too.
Reply:I mean that would depend on your lifestyle. What do you do for leisure or recreation? How can you ask this to people who dont know you from adam?
Reply:That's a fortune!
Reply:You have a nice amount left over; be sure to save that every month -- either for your emergency fund or your retirement or just for extra savngs.





I actually budget savings FIRST, rather than saving what happens to be left over. I save over $1,000 per month in my 401(k) and max out my Roth IRA every year, but I don't save anything beyond that (because I already have an emergency fund, CD's, and a nice portfolio of stocks and bonds).


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