What is your average monthly expenses and how much do you save?

**Ry_Tower** · May 30th, 2015 06:56 AM

Originally Posted by dreamur

Bro, is your partner working and helping you with the expenses or the 10-15% is purely from your own income?

She's an entrepreneur na sideline jobs lang, more of a houdewife. That is my savings, sa kanya hindi ko pinapakialaman whatever she earns kaya her savings per month are erratic and difficult to predict. Hehe.

**Morz** · May 30th, 2015 08:19 AM

Before the car loan, i was saving 20% and 20% goes to CC debt payment. Plan was to zero out the CC before the car payments start but did not happen. Currently 20% goes to car payments and a couple more months of CC payments before I can resume my savings plan.

**dreamur** · May 30th, 2015 08:57 AM

Originally Posted by jut703

50% is automatically set aside for my savings and investments. Then I live off the 50%. Bonuses are used for toys since I need to amuse myself once in a while.

Sadly, this May, I spent more than my mid-year bonus because of all the trips and toys I've bought. Will make up for it during the remainder of the year.

Wait til you get yourself a wifey bro. But marry an accountant to help you with the budgeting. I have an office mate (lady accountant) who records all expenses on a notebook and micromanages the budget for the husband who is a soldier. I can tell that they were able to live a decent life with their own house and lot and a car.

**jut703** · May 30th, 2015 09:00 AM

Originally Posted by dreamur

Wait til you get yourself a wifey bro. But marry an accountant to help you with the budgeting. I have an office mate (lady accountant) who records all expenses on a notebook and micromanages the budget for the husband who is a soldier. I can tell that they were able to live a decent life with their own house and lot and a car.

Actually, between me and my girlfriend, I'm more particular with budgeting. I track every single peso I spend (with an app), and my monthly budget is segmented into different spending buckets (living expenses, charity, clothing, etc) so I can monitor which aspect I'm overspending.

Even though we're a long-term couple, she doesn't contribute to our finances yet since she's still a med student. So wedding funds and housing funds are all my burden for now.

**dreamur** · May 30th, 2015 09:04 AM

Originally Posted by beeftapa

When I was a bachelor, I had been saving 50% of my income. When I started dating my wife, My savings went down to 35%. I then spent all of my saving for a lot purchase and wedding expenses. When I got married, my savings went further down to 25%, which eventually went to car's dp and labour and birth expenses.. Now that I happily have a baby daughter and still paying for car's monthly amortization, I wont have any monetary savings for a long time. I don't mind, my family is my treasure

I can relate to this but the threat is always about losing my job, the company getting acquired or suddenly getting fired for a slip. That is why savings is still an important consideration.

**dreamur** · May 30th, 2015 09:10 AM

Originally Posted by Ry_Tower

She's an entrepreneur na sideline jobs lang, more of a houdewife. That is my savings, sa kanya hindi ko pinapakialaman whatever she earns kaya her savings per month are erratic and difficult to predict. Hehe.

My wife tried the internet cafe and the prepaid card business before. Then a phone snatching incident happened and with the rush of riding in tandeem robberies, she decided to fold the shop. That time we were we able to net about P30K a month which is not bad. Now she is looking into franchising business but cannot decide which one to take. Meantime, the savings got eaten up by school expenses.

**dreamur** · May 30th, 2015 09:14 AM

Originally Posted by Morz

Before the car loan, i was saving 20% and 20% goes to CC debt payment. Plan was to zero out the CC before the car payments start but did not happen. Currently 20% goes to car payments and a couple more months of CC payments before I can resume my savings plan.

CC really eats up on your budget. I used to own a few credit cards until I decided to terminate all except one. The problem is the remain card (BDO) gave me a high CL because of the long term relationship so there were times that we were tempted to go on vacation. Of course the wife and the kids were happy and you cannot put value to that. As the famous mastercard tagline says - PRICELESS!

**Ry_Tower** · May 30th, 2015 09:18 AM

Originally Posted by dreamur

My wife tried the internet cafe and the prepaid card business before. Then a phone snatching incident happened and with the rush of riding in tandeem robberies, she decided to fold the shop. That time we were we able to net about P30K a month which is not bad. Now she is looking into franchising business but cannot decide which one to take. Meantime, the savings got eaten up by school expenses.

Franchising is good basta maganda location and be vigilant lang sa auditing talaga. She has food stalls at 2 locations kasi.

**Luap** · May 30th, 2015 09:46 AM

House amort 35k
2 househelp 13k
Electricity 7.5k
Water 1.5k
Groceries etc 30k
Gas and tolls 15k
School fees average of 30k per mo
Savings? Ano yun? Hahaha

**dreamur** · May 30th, 2015 10:54 AM

Originally Posted by Luap

House amort 35k
2 househelp 13k
Electricity 7.5k
Water 1.5k
Groceries etc 30k
Gas and tolls 15k
School fees average of 30k per mo
Savings? Ano yun? Hahaha

Is your wife working and helping you with the expenses? I can see that you are paying your house helpers well. With your electrical consumption, are you using energy saving lighting fixtures and appliances with inverter technologies? I consider my electrical bills too high and thinking to switch to inverters but that would require substantial spending on 2 aircons and ref. But I think I can recover the cost in 6 to 12 months.