Okay, my wife and I struggle with our finances and we are trying to get them in order.
- My net pay is approx $1300 every two weeks (my wife does not work)
- That is after health insurance premiums
- 401K deduction are happening too
I should add we have two kids and just sold one of our vehicles in order to drop the payment so right now we are a one car family. We have $4000 on two credit cards.
So my question is, what are we doing that is causing us a problem?
We think we live modestly but I feel like the crunching of our expenses versus income says otherwise. Does $1300 every two weeks not go as far as it used to? I am looking at moving from AT&T to a prepaid wireless (Straight Talk) because they offer plans for $45/month/line so that would save us $60 per month.
Here's a breakdown of where our money goes. I feel like we live a moderate lifestyle yet we never seem to have any money left over at the end. All numbers shown below are what we pay per month.
$261.84 - Mortgage $168.65 - Taxes and Insurance $ 93.65 - Loan for window replacement $ 80.00 - DirectTV $ 39.95 - Time Warner $ 7.99 - Netflix $151.00 - AT&T (two iPhones and a 21% discount) $194.00 - Electricity $ 66.00 - Gas $ 18.30 - Garbage $ 57.64 - Water $ 39.00 - Sewage $ 80.00 - Student Loan #1 (private, interest free student loan) $152.97 - Student Loan #2 (federal loan) $160.61 - Car Payment (2006 Jeep Liberty) $109.53 - Car Insurance $ 50.00 - 529 Plans (2 kids, $25 each)
$1731.13 total expenses