Recently, a few unexpected expenses popped up and we were fortunate to get by leaving our non-emergency savings unscathed…but it made me finally sit down and crunch the numbers. Some things were to be expected (welcomed children into our family recently, we have two kids under 3), but other things surprised me a little. Monthly grocery spending was more of an increase than I expected.
What would you say is a reasonable budget for family of 4, mortgage is about 10万 a month? (no car payment or any other loans). I keep trying to work out monthly spending to be less than 40万, but maybe I’m being unrealistic (well maybe I should say under 33-35万 because we try to put 7万, well at least 5万 into partner’s NISA / investments every month). Just here for a reality check maybe.
Are these goals pretty reasonable or are we dealing with lifestyle creep and should try to scale back?
Anyone in a similar situation find a place in the budget (or life hack) that made an improvement in your expenses?
by irishtwinsons