Author Topic: Here's The Budget For A Family Of 6 Living On $59,000 A Year  (Read 3362 times)

mindaugas

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Here's The Budget For A Family Of 6 Living On $59,000 A Year
« on: December 16, 2014, 07:38:07 PM »
I didn't think it was so heinous to be placed in the anti-mustachian forum. They do have a budget, they set aside a small amount for coffee. But $60/month in parking tickets, private school, and a lot of tithing.

http://www.businessinsider.com/budgeting-large-family-2014-12

Jack

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Re: Here's The Budget For A Family Of 6 Living On $59,000 A Year
« Reply #1 on: December 16, 2014, 07:53:40 PM »
a lot of tithing.

FYI, "tithe" literally means "tenth," as in, "one-tenth of your earnings." For those who believe in tithing, 10% is not "a lot" but rather exactly what is expected.

For me, the anti-mustachian parts are that they have a $925 mortgage but still somehow spent $1417 on "housing/utilities" ($500/month in utilities?!), and that their "other expenses," at almost $2000, is their biggest budgeting category. They need to break it out (that $740/month for private school belongs in it's own category, for example).

Also, is it just me or is it weird that they live in a "small city" in upstate New York, but apparently don't have off-street parking?

Bob W

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Re: Here's The Budget For A Family Of 6 Living On $59,000 A Year
« Reply #2 on: December 16, 2014, 08:19:33 PM »
That is so sad. Definitely Dave Ramsey types.  I love their budget,  might as well put down just two categories. - house and everything else. 

Frankies Girl

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arebelspy

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Re: Here's The Budget For A Family Of 6 Living On $59,000 A Year
« Reply #4 on: December 16, 2014, 09:10:37 PM »
Already being discussed here:
http://forum.mrmoneymustache.com/antimustachian-wall-of-shame-and-comedy/financial-bloggers-mark-and-lauren-g/

MOD NOTE: Locking thread to keep discussion in one place.  Please go to the above thread to discuss.
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