Household/Personal Expenses/Auto $35,642.50
Excludes income taxes paid, but does include property taxes paid (part of "maintaining" the household).
The above would be what I'd use to calculate emergency funding - so we have $40,000 in emergency funds (1 year +/- unplanned household/personal/auto expenses).
If I added in "business expenses" - I operate a home based business that incurs fees like credit card processing, office supplies, postage etc. that would add in: $12,107.22.
Stats: 39 and 43 year old, 1 child (3 year old), no mortgage/no debt.
Excludes income taxes paid, but does include property taxes paid (part of "maintaining" the household).
The above would be what I'd use to calculate emergency funding - so we have $40,000 in emergency funds (1 year +/- unplanned household/personal/auto expenses).
If I added in "business expenses" - I operate a home based business that incurs fees like credit card processing, office supplies, postage etc. that would add in: $12,107.22.
Stats: 39 and 43 year old, 1 child (3 year old), no mortgage/no debt.
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