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Old 03-24-2009, 06:04 AM
 
6 posts, read 7,407 times
Reputation: 15

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Quote:
Originally Posted by FinnishAmerican View Post
Everything depends on how you live.
taxes depend on how much u make.
bills depends on what u get, how much electricity u waste etc.

but the food thing: Discounts and eat to stay alive, liek I do, no fancy stuff.
I agree. Its quite enought to live in LA.
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Old 03-28-2009, 02:32 AM
 
830 posts, read 2,509,073 times
Reputation: 380
Quote:
Originally Posted by Tasksgirl View Post
$3,000 a month is about what I make, which would mean you would be making around $40,000 a year. Right now my husband and I rent and due to his immigration process, for a long time I have had the only income in the household, and we've managed even when I was making half what I make now.

At that salary, you can even afford to buy a condo right now (in some of the more "undesirable" parts of the valley like Van Nuys, or further out areas like Ontario) for 120,000.

2 Story Townhome (http://losangeles.craigslist.org/lac/reb/1084249465.html - broken link)
http://www.idxre.com/idx/detail.cfm?...1802684&bvlc=1
http://www.idxre.com/idx/detail.cfm?...P680558&bvlc=1

You can certainly rent a great place for under $1,000 a month.
Here is about what I pay for utilities/internet/TV

Rent - 950
Power - 100-125
Phone & High Speed Internet - 80
DirecTV - 100 (we have the largest HD package)
Gas (car) - 200
Cell Phone (2) - 80
Groceries - 150
Fast Food/Movies - 100

PM me if you'd like.. I have alot of advice..

So you don't have a car payment, no car repair costs, no car insurance, zero parking costs, no health insurance, no other medical bills, no renters insurance, no clothes, no entertainment, no travel, and no education costs? What about retirement account contributions and savings?

I just feel you left out a very large amount of expenses, not to mention the impact of taxes.
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Old 03-30-2009, 05:57 PM
 
Location: Glendale/Los Angeles
571 posts, read 1,674,707 times
Reputation: 238
401k and medical are taken out of my paycheck, no car payments, no repair costs as of late my car is a Toyota :P .. I pre-pay my car insurance, I have enough clothes, entertainment is not a BILL/neccesity, he was asking how much are bills.
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Old 03-31-2009, 11:03 AM
 
830 posts, read 2,509,073 times
Reputation: 380
Quote:
Originally Posted by Tasksgirl View Post
401k and medical are taken out of my paycheck, no car payments, no repair costs as of late my car is a Toyota :P .. I pre-pay my car insurance, I have enough clothes, entertainment is not a BILL/neccesity, he was asking how much are bills.

So as long as you don't see it or you prepay it, you don't need money to buy it? How does that work?

401k, medical, car insurance, those are all costs. You may have no major car repairs, but you still wash it and change the oil, right? Most people don't have a place to wash their car, so they have to pay for it. What about car registration fees and smog tests? Those cost money too. And if you aren't saving a little each month for those major car repairs that will come, like new tires, brakes, etc., then one day you'll be screwed.

As long as you have all the clothes you want, true that isn't a big expense. But clothes wear out and need to be replaced at some point. Entertainment isn't a bill until you need to pay for it at the register.
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Old 03-31-2009, 05:56 PM
 
Location: Portland, OR.
493 posts, read 496,630 times
Reputation: 180
Quote:
Originally Posted by motoman View Post
So as long as you don't see it or you prepay it, you don't need money to buy it? How does that work?

401k, medical, car insurance, those are all costs. You may have no major car repairs, but you still wash it and change the oil, right? Most people don't have a place to wash their car, so they have to pay for it. What about car registration fees and smog tests? Those cost money too. And if you aren't saving a little each month for those major car repairs that will come, like new tires, brakes, etc., then one day you'll be screwed.

As long as you have all the clothes you want, true that isn't a big expense. But clothes wear out and need to be replaced at some point. Entertainment isn't a bill until you need to pay for it at the register.
Yes, you should have at least $1000 in an emergency fund for car repairs and other such eventualities. (Or if you find an absolutely *hot* pair of Kate Spades at Nordy Rack you must have...haha, kidding)

Car washes are oil changes are incidental crap that doesnt even show up on the radar to most people. What's a car wash every week or two? $5 bucks? Oh wow..
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