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Here ’s # 2 in the new “ substantial - Life Budgets ” series ! Because of the popularity of my monthly budgets , I wanted to show some more variety with other genuine - life budgets for people in dissimilar setting .
I hit out to other bloggers who were willing to share their median monthly budget with you !
When we first started budget , it was voiceless to find examples of material life budgets . I retrieve it can be helpful to see how others expend their money because you’re able to opine about how you would pick off thing based on your specific circumstances .
Each real - living budget in the serial will show how much a budget can vary based on location , household size , dieting , antecedence , income , debt …
you could take a look atour current $ 2500 per month budget here .
Sidenote : One of the very ripe thing you may do to start getting a handle on your finance is track your spending ! you could download and print my free expenditure tracker printable and take action today !
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I ’m so frantic to share this budget ! Lauren and Tim web log atModern Self - Reliance .
Their budget is unique because they live in a big , expensive metropolis ( Boston ) and because they are focus on investing in their future .
Their dream is to move to the res publica and have a ego - reliant homestead . They ’re working intemperately to pay off debt , take homesteading accomplishment , and ascertain ways to apply homesteading and preparedness skills decent in the eye of the city mighty now . So coolheaded !
Basics About Lauren & Tim’s Budget
home Size:2 grownup . No favourite .
Location : They dwell in an apartment in a suburban area of Boston , Massachusetts . I face it up : Boston is the 6th most expensive city in the US ! This is a really great example of budgeting in a big urban center .
Diet : Lauren and Tim are trying to eat more constituent and local foods . They have a plot in a community garden that is serve with food costs .
Jobs : Lauren is a mathematician and Tim is an locomotive engineer .
Lauren & Tim’s Monthly Budget
Special Note : I did not ask Lauren and Tim to partake their income or any taxis that they have to pay . We ’re simply looking at budgeted spending . Their wellness care toll are consume out of their paychecks , so they did n’t admit that amount in their budget since they never see that money .
The Basics:
Rent : $ 1630
Her car : $ 230(gas + insurance )
His car : $ 450(gas + loanword + policy )
nutrient : $ 400
H2O : spare
Heating : loose
cyberspace : $ 80(not television , just net )
electric car : $ 80
pupil loans : $ 1,000
Things they set special money aside for:
♦ I ’m going to let Lauren take it from here and excuse the domain they lay money aside for each calendar month . ♦
His Retirement : ~$500(pre - revenue enhancement )
Her Retirement : ~$500(pre - tax )
Self - Education / Investment : $ 200 - 300
We set aside money each calendar month to invest in ourselves . This may be a course we want to take or rule book we are concerned in . For instance , we are take a cheese and butter make course at the Milk Shanty in August and this will come from our Self - Education fund . Also theMaking signified of Affiliate Marketingcourse came from this write up .
Business Investments : $ 300
This amount varies but we are pore on building an on-line business and with that comes host fee , course , instrument , software program , etc . The introductory capital we need to start a business .
Her gondola : $ 150
While I own my railway car outright , I pretend I pay a rental . Hopefully when I am ready for a Modern - to - me car , I can pay mostly in cash . This fund also covers oil change and repairs .
nuptials : $ 100
We would like maybe to get hook up with someday , and it ’s best to commence preparing now when it ’s far off and with smaller amounts of money that wo n’t burthen us . In a pinch , this is one of the first categories that beget cut .
Entertainment : $ 200
We or so spend this amount each month . Video games , alcoholic beverage , prowess supplies , nights out with friend . Basically fun play money , the poppycock that makes life fun !
The rest :
All remnant money gets put into a house investment firm . We have emergency brake explanation well established so all extra money goes toward one sidereal day own land . Once we are debt free , we want to stay debt free . This means endeavor to save money and buy kingdom without a mortgage .
Lauren is a mathematician by trade while Tim is an engineer . Their blogModern ego - Relianceaims to instruct homesteading and preparedness accomplishment for the innovative kin . This includes attainment like horticulture , canning , pinch preparation , and survival skills . They portion out their journey and learn skills so others can become more self - reliant regardless of their living office .
THANK YOU to Lauren and Tim for share their budget with us ! They are doing such an amazing job of balance enjoying their life right on now and planning for what they need in the hereafter . I am so inspired by that !
I wrote aboutinvesting in yourselfnot too long ago and got a great response about the subject . I love how Lauren and Tim have investing in themselves built right into their monthly budget .
Also , the way Lauren is paying herself a lease payment each calendar month is so impertinent . Once we get our car paid off , I ’d like to do this so that we ’re ready for the next one .
Maybe it ’s because I ’m ace nosey about other people ’s finances , but I ’m have sex this real - living budget series and get a peep into how other people budget .
Other Budget Examples :
Real - Life Budgets Series : Early Retirement with a Child in College
How to Live on $ 2500 / Month
Our literal Budget : Living on Less Than $ 1500 / calendar month
The Fastest Way to Create Your First Budget
Our Unemployed Budget : $ 1200 Per calendar month
