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

**dreamur** · May 29th, 2015 06:45 PM

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** · May 29th, 2015 07:17 PM

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.

**dreamur** · May 29th, 2015 07:39 PM

Originally Posted by 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.

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

**Ry_Tower** · May 30th, 2015 06:56 AM

Originally Posted by dreamur

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

She's an entrepreneur na sideline jobs lang, more of a houdewife. That is my savings, sa kanya hindi ko pinapakialaman whatever she earns kaya her savings per month are erratic and difficult to predict. Hehe.

**dreamur** · May 30th, 2015 09:10 AM

Originally Posted by Ry_Tower

She's an entrepreneur na sideline jobs lang, more of a houdewife. That is my savings, sa kanya hindi ko pinapakialaman whatever she earns kaya her savings per month are erratic and difficult to predict. Hehe.

My wife tried the internet cafe and the prepaid card business before. Then a phone snatching incident happened and with the rush of riding in tandeem robberies, she decided to fold the shop. That time we were we able to net about P30K a month which is not bad. Now she is looking into franchising business but cannot decide which one to take. Meantime, the savings got eaten up by school expenses.

**Ry_Tower** · May 30th, 2015 09:18 AM

Originally Posted by dreamur

My wife tried the internet cafe and the prepaid card business before. Then a phone snatching incident happened and with the rush of riding in tandeem robberies, she decided to fold the shop. That time we were we able to net about P30K a month which is not bad. Now she is looking into franchising business but cannot decide which one to take. Meantime, the savings got eaten up by school expenses.

Franchising is good basta maganda location and be vigilant lang sa auditing talaga. She has food stalls at 2 locations kasi.

**cast_no_shadow** · May 29th, 2015 07:19 PM

OT

Dreamur

Inedit mo pa yung value! Hehe nakita ko kaya!

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**dreamur** · May 29th, 2015 07:35 PM

Originally Posted by cast_no_shadow

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.

**cast_no_shadow** · May 29th, 2015 07:38 PM

Originally Posted by dreamur

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** · May 29th, 2015 10:52 PM

Originally Posted by cast_no_shadow

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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Bro, I have a joint savings account with my wife for our daily expenses and my payroll acount for the salary. Transfer agad sa joint acct pag may laman except for bonuses and one timers. Yun lang nagiging savings ko pero unpredictable depende sa performance ng company. Si Mrs na bahala mag budget dun sa laman ng joint account pero pag biglang maisip un bakasyon, especially during long holidays, depleted agad ang balance. It is scarry when long holidays approaching like year-end!