Do you want to get a financial secret off your chest? Want to share how much you make? Or what you frivolously spend your dough on? What's your budget? How much are you in the hole?
Every 25 submissions will be entered into a $25 Amazon gift card drawing. That's a one in 25 chance in winning, for all you math junkies out there.
You can totally be anonymous if you want, but make sure we can get your gift certificate to you via e-mail if you win.
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Submit your Money Secret and Win!
Posted by B Saturday, March 5, 2011 at 1:14 PM 0 comments Labels: Submit Your Money Secret
Other People's Money Confessions #3
Even if I have the money to do so, I will never pay a bill on time. I think I like the drama of submitting a payment at the very last moment possible. I like the sense of control I get from doing this.
--F, age 42
Posted by B at 1:08 PM 0 comments Labels: Other People's Money Confessions
Lots of Education, Lots of Debt
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.
Posted by B at 2:02 AM 0 comments Labels: 2+ kids , Attorney Salary , California , Counselor Salary , Credit Card Debt , Dual Income , Medical Bills , Student Loans