Comments on: Family Budget Example: Sample Budget for a Family of Five

By: Pulling Curls

Pulling Curls — Fri, 29 Apr 2022 00:25:08 +0000

In reply to Jonathan Hoffman. While I don't want to discuss all the financial things with my children I do agree that it's good to have everyone on the same page!

By: Jonathan Hoffman

Jonathan Hoffman — Thu, 28 Apr 2022 20:59:00 +0000

The interests of all families need to be considered in family financial planning. Children feel that they need to buy new clothes / shoes often, and they need to prepare for the holidays. In this regard, it is very useful to read this information.

By: Pulling Curls

Pulling Curls — Thu, 11 Mar 2021 22:44:03 +0000

In reply to Katelyn. Wow right back! I can't imagine those prices, that would be so hard for us to adjust to. I guess we all just have to work within our budget depending on where we live.

By: Katelyn

Katelyn — Thu, 11 Mar 2021 20:10:33 +0000

Wow, first thank you for being candid and sharing your tips. But, there’s just no way this budget would work for us in Canada, the cost of living is SO high. When you put your monthly amounts I assumed that was weekly and it was on the low end. How is it even possible to spend less than $1000 a month in groceries each month? I’m lucky if I can get by on $1200 here, it’s usually 1500-2000 for a family of four. Plus…there was no childcare? That’s $2K for each kid each month here in the summer, and $500K each kid during the school year. Our utilizes are WAY higher too. Don’t get me started on housing prices and taxes. I used to wonder why people wanted to live in the USA…now I realize it’s cheap!

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HOA coupon printables 20 off – ccvroa — Thu, 12 Dec 2019 09:46:50 +0000

[…] Family Budget Example: Sample Budget for a Family of Five […]

By: Hilary Erickson

Hilary Erickson — Fri, 22 Nov 2019 21:02:51 +0000

In reply to Andi. It's awesome! I wish more people would be open with their fiances!

By: Andi

Andi — Mon, 18 Nov 2019 04:58:50 +0000

Our monthly budget is almost the same as yours, even down to our cell phone bill, which is $121 for 2 iPhone 7s on AT&T (although we’re thinking of switching to GoogleFi). We pay a little more for life insurance, but we’re going to shop around a little bit (we’re still relatively young – DH 33 and I’m 30)

We have 3 children, ages 9, 6 and 4. I really think your budget is pretty well under control, which is great! The only difference between our budget and yours is that we will go out to eat or see a movie maybe once a month with our family, but not every month.

My husband has a business, and on average he takes out about $14,000 every month total, part as his paycheck and part as an owner’s distribution. About 6k goes into our personal checking account to pay for all of our bills for the month including our mortgage.

The rest goes into savings where my husband invests it. Up until now, he’s been investing in the market, but recently he’s been talking about purchasing real estate. I’m a little nervous about us getting into real estate. Does anyone here have any experience with it?

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Tue, 22 Jan 2019 20:18:14 +0000

[…] Pulling Curls […]

By: Hilary Erickson

Hilary Erickson — Fri, 14 Dec 2018 14:38:16 +0000

In reply to Mal. Hmm... that seems high, but I think every state is different. Also, we have pretty old cars. Well, one 2003 and then a newer one. At this point we pay about $210 for 3 people (including an 18 year old who has had an accident).

By: Mal

Mal — Sun, 09 Dec 2018 15:39:09 +0000

Hi! Wow I feel like our families are very similar. I am a part time nurse (try to stay home some with my 2 year old) and my husband is a teacher/coach in Louisiana. Our budgets look very similar except I am wondering now if I need to reevaluate our $265 car insurance bill with only two drivers who have never had any wrecks and one of our cars is so old we only have liability on it. We also ashamedly eat out way too much. I appreciate your openness because before now I have always wondered if our budget looks drastically different then other peoples and if we are doing something totally wrong. We don’t have any loans either just tried to pay for school as we both went so we don’t really have any savings sadly. Hope that trend changes soon. Thank you again!