Posted on 01/26/2015 2:19:15 PM PST by grundle
McManus is a mechanical engineer and his wife Mairee is a surgical physician's assistant, as well as the primary earner. He breaks out his budget by week. In 2014, they brought home an average after-tax household income of $14,735 a month.
In the chart below, check out their average monthly spending for 2013, 2014, and predicted for 2015. Note that these are averages, so a single month isn't depicted.
(Excerpt) Read more at finance.yahoo.com ...
It’s.. almost a list!
You LOVE those!
Seems like a hard working, nice and responsible family.
they are saving almost 20%. Whoo-hoo !
This family is in Obama’s cross hairs for re-distribution. They gross over $200,000 per year.
Kiss those 402K, 529 plan savings good bye.
What is the point of this ?
I dont understand.
The fact of the matter is they are both obviously not working full time. Even a single minimum wage worker would earn that much. The two of them together working full time should be bringing in $30,000 even on minimum wage. And a LOT more if they earn more than that.
Okay, but what’s the point of posting it? My wife maintains a list every bit as detailed, and has for years, through thick and thin, good years and bad, the year with virtually no income as I was starting a new engineering consultancy - and she has ALWAYS done it with nothing more than a pen and paper.
I was impressed that they seem to be saving appropriately.
$15K a MONTH....
PER MONTH?
That is 15,000 a MONTH not a year.
I’m in the wrong business.
IT is a monthly budget..............
Those are monthly, not annual numbers.
The two of them together working full time should be bringing in $30,000
This is a monthly budget.
Plus where are the charitable contributions?
they also spend WAY too much on housing relative to their income.
Anyone with even remotely decent credit can get a 30 year mortgate for between 4-5% right now.
They are paying $2,000 a month on their mortgage... which means they are living in a $400,000 home while only earning $15,000 !
And why do the have two car payments? HIGH ones at that! They could go buy used cars outright for what they pay in payments every 6 months to a year.
HUH?
OH!!!
opps !@ sorry missed that
If they live in CA or some other high cost of living area, $400K mortgage is a very middle income neighborhood.
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