Do this seem like a reasonable budget?

Question

I'm figuring my move out budget and was looking for input.

My net income is $2129 without bonuses.

Rent $600

Internet $25

Netflix $15

Water/Electric $75

Phone $51

Car Payment $193

Car Insurance $130

Heating Oil/Auto Gas $200

Misc. $150

Food/Dining $300

Total Spending $1739(highest number, probably will be more towards $1400-1500)

Total Min. Savings $390

Also I have about $17k in stocks and cash, with mostly cash.

Answer 1

Make use of google to collect some related links or you could try to use answer engines like yahoo answer or answer.com to get some related answers.nonetheless,If you like some direct resource,here is a good resource from my own experience.http://car-insurance.bestips.info/car-in...

Answer 2

if you are Alon is to height you can lower you expenses 150.00 lest

Answer 3

This is a great starting point. You can get more precise using some tools like a budget manager of some kind like Quicken, msmoney,mvelopes.com

Congratulations you are on your way to freedom. One more peice of advise Have only one high limit credit card for emergencies only!!!Use the card on one tank of gas a month and pay it off immediately every month with out fail. Do not buy other consumable products or pay rent on it.

Here is a tool that will help.

http://www.crown.org/pamphlets/pdfs/Mont...

Answer 4

water and electric are too low

heating oil and auto gas are too low

food and dining if you are going to eat out this number is too low

Misc is too low

you haven't included a lot of stuff like laundry bath soap etc

Answer 5

It sounds good except for 2 things.  Is the $17K your emergency fund?  Is your emergency fund equal to 6-12 months of your income?  If so, you should put it in a money market fund or a Bank of America Risk Free CD so that you can get the money if you need it.  Stocks take time to liquidate and in an emergency you may need the money faster.  Do you have a Roth IRA? If not, start one right away and make the maximum contribution ($5000) each year (or $416.67 per month).  If you start your Roth now and contribute the maximum every year, you will be a millionaire when you retire. Just stay away from credit cards and don't finance things (like cars) that lose value over time.  When you have paid off your car (pay it off as early as possible) then start paying that payment to yourself.  After one year you will have $2316, after 5 years you will have $11,580 to pay cash for a car (plus the interest).  If you keep paying yourself the car "payment" you will always be able to pay cash for your vehicles and you will get the interest not pay interest.