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| Mon, 04-18-2005 - 7:47pm |
I would like some honest opinions on my financial situation.
Total income- 2100 a month.
Rent - 449 a month
electric- 50-60 a month
water- 12 a month
cable (which includes the internet and a housephone)- 100 a month
car insurance- 282 every THREE months (less than a hundred a month)
Birth control- 25 a month
Total credit card debt, auto debt and student loan debt--- ZERO.
Total in savings- 2300 dollars
My job offers full benefits. I get great health insurance for both of us, life and disability for both of us, 403B and dental optical, etc. The full gammut.
We're also in school but don't go into debt for it.
A little over a year ago, we had almost 3000 in credit card debt, but paid it off completely, and managed to save and live a goodlife.
Wondering if you think I'm ok.
I feel like I am doing really, REALLY good, however it seems like people who make 2-3 times this can't survive?

You are in very good shape! Congrats on paying off your credit cards. They say one should never use more than 36% of your salary on living expenses. You are using 33% and that includes birth control. That is very good.
The reason a lot of people cannot make ends meets with a larger salary is mostly because they carry a lot of credit card debt or are in a too expensive house or car. For those who don't have a credit card or car payments and still have trouble making ends meet, they are simply careless with their money. Some of these people blow thier entire paycheck and say, "Oh my God!" It's the 15th already? My rent is due! guess I'll have to wait till next week to pay the rent." You don't have to have a financed car or credit cards to be careless with money.
Sounds like you're doing great.
All my best,
Danni