This month (September):
Years left: 5.9167
P =$916.47, I = $297.93, Escrow = 613.58
This month (October):
Years left: 5.75
P =$920.78, I = $293.62, Escrow = 613.58
One month’s prepayment savings: $0.68
$500 this month on new carseats. DC1′s old ones expired just as DC2 outgrew hir infant seat.
$500 for plane tickets to include the family on a conference trip this month, though we spent that in August (and it was more like $600).
$500 to each kid’s 529. $500 tuition at the community college after financial aid (for the non-new-mom daughter of the relative), but the relative paid for it out of the 529 we set up earlier, so we didn’t write a check this time around. He can do that because of the three years in the past that we put in $500 for each of the girls. We used to pay an additional $500 into the mortgage each month, but no more.
This time last year, $500/month here or there didn’t seem like a big deal. Now it does. Last year, if it was under $500 we could do it without thinking about it. Last year we had a few extra $500s each month from DH’s take-home pay. This year we have to think about things like eating out. Maybe.
I still don’t have a handle on our spending. We spend about what I take home. I’d rather spend less than what I currently take home or make more money each month. But the things we spend money on are either important or very enjoyable, and thus difficult to cut out. Eventually we’ll figure things out.
Does $500 seem like a lot or a little to you these days? What level of spending is small enough to not have to worry about, or is there such a level?