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Author: Kestrel2 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Our Debts Date: 10/20/2003 12:06 PM
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Well, some things that look odd to me are:

Your mortgage payment seems really high. Are you paying ahead on it heavily or do you have a high interest rate? If you can refinance it you might be able to save a lot of money.

Grocery costs might be able to be reduced, if you're willing to adopt some LBYM shopping techniques. There have been some good threads on saving money on groceries in the last week on the LBYM board.

Electric bill seems high to me, but if you have a really large place or have to pay a lot for gas appliances, what have you, it could make sense.

By oil do you mean home heating oil or gasoline? If the former, I'm surprised you have to pay so much for electricity, gas, and oil combined.

You don't seem to be heavily in debt, so that's good. Fairly low CC balances, and I assume the mortgages are your only other debt? With your good cash flow I would think you could be doing quite well. The expenses you listed are about $2850 a month, I think you'll want to break down where the rest of the money is going. If most of it is consumer spending, well obviously that's where you should cut, but you knew that I'm sure! :)

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