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alexm2816 t1_iydsc2w wrote

Are you sure this is an all inclusive budget? I see (even with the mortgage/$900 to savings/$500 to IRA) $4k in expenses vs almost $8k in income.

Any consideration here isn't going to be effective if you don't have all of your expenses in here. Clothing, shopping, entertainment, vacations, gifts, irregular expenses like auto registration/tires, new phones, the occasional event yadda yadda. It all adds up.

Is $1000 a feasible mortgage amount? At prevailing property tax / insurance rates/ mortgage rates that will cover about a $125k mortgage. Not sure if that will buy much where you are but I know here that would not be feasible.

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Concerned-23 t1_iydsn3g wrote

This is my HALF of our budget. We keep our finances separate

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alexm2816 t1_iydtcf6 wrote

Understood. Thanks for clarifying. That also makes the mortgage math ~2x my reference.

Check in on your planned budgets for medical expenses, furnishings, all the items above and then consider if you need to broaden your budget buckets in other categories.

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