What is your average monthly expenses and how much do you save?

[dreamur]

My intention here is not to brag about my capacity to pay but to benchmark my expenses and find ways to save. Ako, since my wife is not working and I have mortgages to pay, my monthly budget is PXXX including tuition for 2 college students, amortization for 2 condos plus utilities and groceries. Two 5-year old cars are fully paid up so maintenance lang, insurance coverage (houses and cars) and vacations abroad every other year. I barely save from my salary except if I receive bonuses and other incentives.

[Ry_Tower]

Percentage na lang sa akin kasi kakahiya sabihin kinikita ko eh. hehe

Mga 10-15% lang ang savings ko monthly. The rest monthly expense na including HH expenses and repairs, vehicle maintenace, payment sa condo, life insurance, land amortizations and minor investment. Sana maging 25% nang kinikita ko savings ko eventually per month.

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Percentage na lang sa akin kasi kakahiya sabihin kinikita ko eh. hehe

Mga 10-15% lang ang savings ko monthly. The rest monthly expense na including HH expenses and repairs, vehicle maintenace, payment sa condo, life insurance, land amortizations and minor investment. Sana maging 25% nang kinikita ko savings ko eventually per month.

[cast_no_shadow]

OT

Dreamur

Inedit mo pa yung value! Hehe nakita ko kaya!



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[EQAddict]

If you think about it...... your mortgage payments and ammortizations ARE savings. Better yet, they are investments that grow . Your property value is worth a lot more now than when you bought your land and condos . Yet you are paying based on the old price. Good savings if I may say so.

[_Cathy_]

I used to save 50% when I started working in 2009.

Since 2013 when I started paying for my gas and other car expenses, I barely get to save anything anymore. Deficit pa nga e. To make things worse, I haven't had a salary increase since then.

[dreamur]

OT

Dreamur

Inedit mo pa yung value! Hehe nakita ko kaya!



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Mali un bro kaya inedit ko. Annual un, hindi monthly.

[saluyet]

If after you have kept a certain percentage of your income as savings, pos you still can afford to pay all your obligations, you're earnings are more than sufficient. Sabi nga income - savings = expenses. ✌

[dreamur]

If you think about it...... your mortgage payments and ammortizations ARE savings. Better yet, they are investments that grow . Your property value is worth a lot more now than when you bought your land and condos . Yet you are paying based on the old price. Good savings if I may say so.

Agree with you on that bro. I consider those as my savings but not free cash. In case of emergency, I might end up borrowing from somewhere as I cannot dispose those assets quickly.

[cast_no_shadow]

Mali un bro kaya inedit ko. Annual un, hindi monthly.

Asus!

BTT

Same as cathy, sa salary minimal lang naitatabi ko. Minsan wala din hehe.

Pero SOP all bonuses straight sa savings. It works for me.

Hindi pa rin ganun ka strict si esmi sa budget since wala pa kami baby.

Kanya kanya kami hawak sa pera namin, we share sa monthly expenses and may mutual savings account kami.

Mas marami siya pera and ipon saken, siya yung may disiplina. Ako yung gastador. Balanse lang hehe.



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[dreamur]

Percentage na lang sa akin kasi kakahiya sabihin kinikita ko eh. hehe

Mga 10-15% lang ang savings ko monthly. The rest monthly expense na including HH expenses and repairs, vehicle maintenace, payment sa condo, life insurance, land amortizations and minor investment. Sana maging 25% nang kinikita ko savings ko eventually per month.

- - - - - - - - - - - - - - - - - - - - - -

Percentage na lang sa akin kasi kakahiya sabihin kinikita ko eh. hehe

Mga 10-15% lang ang savings ko monthly. The rest monthly expense na including HH expenses and repairs, vehicle maintenace, payment sa condo, life insurance, land amortizations and minor investment. Sana maging 25% nang kinikita ko savings ko eventually per month.

Bro, is your partner working and helping you with the expenses or the 10-15% is purely from your own income?

[dreamur]

I used to save 50% when I started working in 2009.

Since 2013 when I started paying for my gas and other car expenses, I barely get to save anything anymore. Deficit pa nga e. To make things worse, I haven't had a salary increase since then.

Cat, I would say your personal expenses are relative to your income. If you het an increase, your spending would increase as well though not proportionately.

[dreamur]

I think credit card is also one of the reasons to mess up with the budget. We normally do not pay attention to it until the bill arrives.

[dcph172]

I used to save 50% when I started working in 2009.

Since 2013 when I started paying for my gas and other car expenses, I barely get to save anything anymore. Deficit pa nga e. To make things worse, I haven't had a salary increase since then.

Youre in your mid-late 20's pa lang pala? I thought you were in your early 40's na ma'am based on your posts. O you started late working na? In any case, its rude to say these things to a lady, so dont mind me. Was just curious.

OnT: I save abt. 60-70% of my income. Perks of being single :D

[jut703]

OnT: I save abt. 60-70% of my income. Perks of being single :D

You must really earn a lot. Even single people don't get to save that much, unless they don't pay for anything (ie completely reliant on their parents for most bills).

[Calistro]

My wife and I agreed we'd be using her salary for monthly expenses and we'll keep what is left over between the two of us. We're still looking for our own place that's why we're saving up

[saluyet]

Setup naman namin ni misis, lahat ng compensation ko savings. What I earn from business, dun lahat gastos. Kaya minsan pang sine at fast food na lang tira sa akin.

[dcph172]

You must really earn a lot. Even single people don't get to save that much, unless they don't pay for anything (ie completely reliant on their parents for most bills).

Not really. I would think around the same range as my contemporaries/batchmates. I live with my parents yes and still eat at home, but I pay for my gas, car maintenance, bills ( c.c. and phone bill x2), toys & hobbies, clothing and other luho. I also give my share for the kuryente so i wont feel guilty using the aircon as much and try to take home food or order delivery for everyone at home as much as i can :D

Car maintenance is a pain. This month, 15k for 40k pms of the ranger and 7k for a new spare tire that got stolen. [emoji107][emoji30]

[dreamur]

Youre in your mid-late 20's pa lang pala? I thought you were in your early 40's na ma'am based on your posts. O you started late working na? In any case, its rude to say these things to a lady, so dont mind me. Was just curious.

OnT: I save abt. 60-70% of my income. Perks of being single :D

You must be referring to your take home pay since tax would already reduce your income by 20-30% plus other payroll taxes (SSS, HDMF, etc.). Even though, 60%-70% would still be quite high as what Jut said unless you are still living with your parents and bring lunch to work. At any rate, you should take advantage of that and save as much as you can and retire early.

[dreamur]

My wife and I agreed we'd be using her salary for monthly expenses and we'll keep what is left over between the two of us. We're still looking for our own place that's why we're saving up

That is a good arrangement bro. We were doing the same when my wife was still working and it took us a while to own a house through PAGIBIG. And yet, we could have not done it had not my parents "sold" me a lot with my wife heavy with our first child. I think it is wise to invest in a house if you can affors the amortization and the DP as opposed to just renting forever.

[dcph172]

At any rate, you should take advantage of that and save as much as you can and retire early.

Yes sir thats the plan. Ive already invested on a lot in one of the new villages in our province. Turn over is 2016-17. Im saving now so i can build a house on it and sell it after.