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Monthly Bills Vs. Monthly Income

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Old May 15, 2006 | 01:15 PM
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Default Monthly Bills Vs. Monthly Income

Alright im looking to get a newer car..... doing some figuring i found that 75%-80% of my income is spent DIRECTLY on bills. Thats not including gas, cigs., etc. Its bad when daycare cost more then your house payment.......


What bill to income ratio does everyone else have? Just wondering.
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Old May 15, 2006 | 01:22 PM
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about 40% goes to bills

Bills meaning the essentials:
Rent
Phone
Cable
Electric
Cell Phone
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Old May 15, 2006 | 01:25 PM
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About 30-50% depending on how my month goes
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Old May 15, 2006 | 01:29 PM
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^^ Damn...only that percentage and you own those 3 cars?!?!?! You must have a 6 digit salary my friend.

hmmm...thats a good question. Give me a bit.
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Old May 15, 2006 | 01:32 PM
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Im salary so i get the same every month, get paid Bi-weekly. So its the same every month. Unless its one of those months that we get paid 3 times.

My bills is: house payment, power, house phone, cell phone, direct tv, internet, groceries, daycare, furniture payment.....
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Old May 15, 2006 | 01:37 PM
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my savings hasnt gone up in couple months. debt going down though.
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Old May 15, 2006 | 01:41 PM
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About 62% of my monthly. Thats excluding my flexible spendings like gas, food, etc...

without my car it would be 49% of my income. Sometimes I regret doubling my projected spending on my car... :sad:
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Old May 15, 2006 | 03:00 PM
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right around 40% goes to my bills and groceries.
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Old May 15, 2006 | 03:01 PM
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Originally Posted by pierced1
Im salary so i get the same every month, get paid Bi-weekly. So its the same every month. Unless its one of those months that we get paid 3 times.

My bills is: house payment, power, house phone, cell phone, direct tv, internet, groceries, daycare, furniture payment.....
i didnt add groceries......

if i add groceries...about 44%
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Old May 15, 2006 | 03:02 PM
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depends on what constitutes the meaning of "monthly expenses" h:

i have way too much.
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