Monthly expenses bay area

eBay
haha2020

Go to company page eBay

haha2020
Feb 25 73 Comments

Combined tc - 970k

Mortgage (including prop taxes 7k), 2 kids (under 5 years) and an average lifestyle i.e no fancy cars, once or twice a week eating out.

our expenses come around 15-17k. Trying to understand what other households spend. pls share.

I feel anxious looking at our expenses but often brush it aside thinking we are spending on only what is needed ..no luxury other than the 1.5ish mn house. Tough!

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  • New
    AI-ML-guy

    New

    AI-ML-guy
    How does ur expense look like 15-17 k ??
    Feb 25 8
  • Amazon
    (-$-)

    Go to company page Amazon

    (-$-)
    You keep mentioning luxurious things but say no luxury. Things like expensive nanny service, 1.5m house, eating out every few days are luxuries.

    I have a 2 years old, we cook everyday, we schedule around to avoid nanny time, we live in a $2500 apartment. Our monthly expense is around $4000. My TC is 450k.

    Also remove mortgage from expenses, you are paying off to own an asset. If you stop eating out often and if you and your spouse work from home on alternate days, you will drop your expenses down to $2K.
    Feb 25 6
    • Amazon
      (-$-)

      Go to company page Amazon

      (-$-)
      We already have an SUV, we don’t use prime/costco/netflix (just YouTube for my kid, we both are focused on building a product so most of our time is spent on that).

      We have HSA for medical, we don’t enjoy buying clothes often so we just buy when needed. Yes flights are expensive but they fit in $1500 as we travel once or twice a year. Our biggest bill is from GCP/AWS which I’m going to write off as business expense.
      Feb 26
    • Amazon
      Ayuv

      Go to company page Amazon

      Ayuv
      What product are you building?
      Feb 26
  • Household tc 700. Expenses 25k/month. YOLO!!
    Feb 25 7
  • IBM
    lesgoooo

    Go to company page IBM

    lesgoooo
    with high household tc and low expenses i presume the goal is to save as much as possible. the household tcs mentioned here are very high. with all the money you dont spend, you save. my question is what do you plan to save it for other than retirement.
    Feb 25 1
  • Meta
    public2

    Go to company page Meta

    public2
    If you take home 49k a month...why are you worried about spending 17k? You can drastically increase your spending and still invest a ton into building wealth...
    Feb 25 1