What does it cost us?

As a family of six to living in the southern United States we need roughly $2700 a month to meet our monthly expenses as they are now. Below is a list of our monthly financial obligations.

$339 Tithes
$925 a month for mortgage and homeowners insurance on a 5 bdrm/2.5bath 2,256 sq. ft. home
$450 monthly for car payment
$51 per month for life insurance
$150 monthly for gas and electric
$84 monthly for cell phones
$127 monthly for cable, telephone and internet
$91 monthly for car insurance
$40 monthly for water
$67 monthly for YMCA
$14 monthly for Sirius satellite radio
$16 monthly for sewer service
$240 monthly for groceries
$60 monthly for pantry (groceries)
$12 monthly for homeowner’s dues

(investments and dental are pre-tax deductions and are not listed as a monthly expense)

Total $2626

If my husband were to become unable to work we could live off of our savings. We would eliminate the following expenses. Tithes (since they are paid based upon what we make we not have a tithe responsibility since my husband doesn’t have an income, but I am quite sure that we would still give an offering to our church as we have done in the past when my husband was out of work). Cable and internet, YMCA, Sirius, pantry surplus and reduce the grocery bill by $40.00 a month. This would reduce our monthly obligation by $772.

$925 a month for mortgage and homeowners insurance on a 2,256 sq. ft. home
$450 monthly for car payment
$51 per month for life insurance
$150 monthly for gas and electric
$84 monthly for cell phones
$35 monthly for telephone
$91 monthly for car insurance
$40 monthly for water
$16 monthly for sewer service
$200 monthly for groceries
$12 monthly for homeowner’s dues

Total $ 1854

This post was inspired by Kacie over at Sense to Save. Her post is titled How much two 20-somethings pay to live in Pittsburgh. Stop on over and check it out.

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