Where does the bulk of your monthly budget go?
By writermom8
@writermom8 (913)
Philippines
March 29, 2010 11:39am CST
I just came from buying groceries earlier and, once more, had to sigh at the amount of money I spent. Since I have four kids, the bulk of our household budget (after deducting payments for utility bills and some savings) really goes to food. We seldom buy new clothes or shoes and other stuff.
I am also very strict on buying luxuries like gadgets and new appliances. I always tell my kids that as long as we take care of our things well, we should be able to get the most out of them without having to buy new ones if the old ones are still useful.
How about you? Do you set more money aside for vacations, clothes, shoes, etc.?
5 responses
@randylovesdar (4932)
• United States
31 Mar 10
I know how hard it is to budget. My husband and I have been really struggling lately and it is hard to keep on budget. We do not buy clothes and any luxuries. We do not have a savings account right now and we are trying to budget for us to get our back deck fixed. The only bills we have are the mortgage, phone bill, Internet, power bill, the city bill and satelite bill. We had to give up our cell phones (my husband's boss is upset about this). We get government assistance for food which is good. I want to wish you the best of luck.
@cripfemme (7698)
• United States
30 Mar 10
The bulk of my monthly budget goes to three things: debt repayment, internet and phone connection, and activism. I have a lot of debt to people I know so I try to pay it back at least a good $150.00 to various people every month. My second biggest bill is my internet and phone bill. This usually runs me about $60.00. The last thing my money goes to is activism. I spend a lot of money taking buses to various events and staying over even though I usually stay in hostels. I do at times make some money back, but not always. When I don't, I have to cover my expenses.
@recycledgoth (9894)
•
29 Mar 10
These days our budget goes almost all on the bills and utilities. We don't have a great deal of spare cash left over once the bills are paid, so clothing, shoes, holidays etc., have to take a back seat. We try to save a little but it's getting harder all the time.
