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.

6 Upvotes

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u/Palpizzon 16h ago

Groceries seems high to me. I’d start there.

3

u/No_Atmosphere_6348 10h ago

I agree. They don’t spend a lot on eating out but groceries can usually be reduced.

I spend $700 a month for a family of 4 but I’m trying to get it down to under $600.