UnThreaded | Threaded | Whole Thread (147) | Ignore Thread Prev | Next
Author: cable666 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Montly budget to pay off CC's Date: 7/6/1998 12:06 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Hello. I'm burdoned with $50K in CC debt that I'm struggling to pay off. Over the last few months I've been trying to get my financial life in order so I can someday become debt free.

As part of this process, I must come up with a balanced monthly household budget. My problem is that no matter how I slice and dice up the budget, I can't come up with enough to pay all my debts.

It occurred to me that perhaps some of my numbers are off base. I would like some feedback on how others balance their monthly budget.

How much does the average family spend on groceries every month? I budget $800-$900 a month for a family of three adults plus 3 cats. This includes all meals (occasional dinner out), bathroom supplies, cleaning supplies, etc. Basically "consumibles" that are purchased at the grocery store.

Is this out of line? My wife does all the shopping and we certainly don't eat like kings. She cooks 80% of the meals, I cook the other %20.

When I was single years ago I use to budget $500 a month for all of this, so $800 does not seem out of line.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (147) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.