After you have paid all the normal recurring monthly bills (rent/mortgage, utilities, cell phone, car payment/insurance, etc.) how much do you use to "live on" (gas, food, entertainment, fun money, etc.)? I know this answer will vary greatly based on location, lifestyle, total income, etc., but I'm curious.
A bit of backstory - H and I have paid off all of our CC debt (a HUGE undertaking - and big thanks to you ladies - I learned a lot from all my lurking) and I'm really overhauling our budget. We are trying to live off my income and save H's income.
When I crunch the numbers, I'm a bit concerned that the amount of money that is left after all of our normal monthly bills might be too little to really "live off of." We may have to use a bit of H's income and factor that into our normal monthly budget.
Still, I've learned that we MUST have a set number and stick to it. So, if we are going to use $300 per month from H's income and save the rest, we can't go beyond it. If I just assume "we'll take what we need and save the rest," we will probably spend a heck of a lot more of his income and save much less. I've learned lessons from the past, and now we've turned over a new leaf and have aggressively kicked up the savings.
Sorry so long - thanks for your input. Just curious to see what the general numbers are. TIA!