Arla B., age 31, Master's level counselor
Ben B., age 32, Attorney (Public Sector)
Rural City, California
2 children under age 5
Betty's Monthly Income: $3500
Danny's Monthly Income: $3600
Mortgage: $1375
Danny's Student Loans: $870
Betty's Student Loans: ($400, in deferment)
Health Insurance: $0 (government insurance, huge deductible)
Car 1: $256
Car 2: $577
Car Insurance: $96
Gas: $120
Credit Card minimums: $370 (3 cards total)
Childcare: $284 (part-time)
Medical Bills: $350 (payment arrangements for a total of $2000)
Gas and Electric: $125 (average)
Phones/Internet: $200
Food: $700
Eating out: $100
Misc. (Diapers, Household Items, etc.) $240
Dry Cleaning: $120
Traveling: $200
Random Crap that I can't account for: $900
Amount in per month: $7200
Amount out: $ 6900
We are so bad with money. We should have been able to save like 10 grand last year, but our savings account has about $17 in it. Even when my student loans and 2nd child's daycare cost kick in, we still should be able to save a little every month. We've resolved to stop spending our extra income on crap, but we'll see if we can do it.
Lots of Education, Lots of Debt
Posted by B Saturday, March 5, 2011 at 2:02 AM Labels: 2+ kids , Attorney Salary , California , Counselor Salary , Credit Card Debt , Dual Income , Medical Bills , Student Loans
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