What's your savings?

[titus]

Hello,

This is really scaring me. I've been working on a expense budget and somehow something doesn't look quite right.

Monthly Expenses in USD for an Engineer in US
Rent $850
Food $400
Auto Finance $358 for a $14,445 1 yr used Grand Am financed 2 years with $6,666.00 downpayment at 9.5% APR
Gas $50
Auto Insurance $100 ($1200/year)
Utilities $50
Cellular $39.99
Internet $45.55
Personal Expense $307.00 (Flight from San Diego to Vancouver roundtrip cost)

Total expense $2200.54/month
Annual Salary is $60k = $5000/month
Take home (36% tax) => $3200/month
This mean I save only $3200 - $2200.54 = $999.46/month?!

Monthly Expenses in CAD for a Cdn Army Cpl
Board and Mess $400.00
Misc Fees $50.00
Auto Finance $358 for a $14,445 car financed 2 years (notice the same dollar in CDN, so a cheaper car here)
Gas $50
Auto Insurance $100 ($1200/year)
Cellular $39.99
Internet $45.55
Personal Expense $200.00

Total Expense is $1243.54/month
Annual Salary is about $40k = $3333.33/month
Take home (36% tax) => $1466.67/month
This mean I save only $1466.67 - $1243.54 = $223.13/month?!

[ 06 April 2002, 12:32: Message edited by: Titus ]