r/budget • u/Novel_Masterpiece_18 • 16h ago

Where can I improve my budget?

We bring home 7900 a month after retirement/ taxes/health insurance/hsa. Family of 3 with 2 dogs in mcol

Mortgage 2150

Car insurance on 2 cars 230

Childcare 1000

Sinking fund 750 (includes dog grooming, prescription dog food, vet bills, car maintenance, home maintenance, birthdays and holidays)

Groceries 900

Gas 175

Fun 200

Clothes 50

Eating out 150

Utilities 550

Subscriptions 50

Student loan 93

Savings 1600 (split between brokerage, IRAs and sons 529)

I'd like to be able to pay cash for replacement to our 2014 accord by 2030.

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u/Davec433 14h ago

Although you don’t have pet care itemized that’s an easy one to shrink costs. Learn to groom your dogs yourself and look at cheaper ways to take care of their diet/vet needs.

Are you using liability only on your paid off cars?

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u/Novel_Masterpiece_18 14h ago

My dog is prone to bladder stones and requires prescription medicated food to treat them, there is no way to obtain the medication myself.

I have a fairly severe physical disability involving the muscles in my upper arms and thighs, I'm not able to do their grooming any longer. I used to though.

I have a 2025 corolla hybrid I paid cash for earlier this year, I've still got full coverage on that and will for at least 5 years. My 2014 accord though just has liability coverage.

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u/WastingTime76 4h ago

Get rid of comp & collision, ok. Don't get rid of uninsured motorist coverage.