Comments on: 30-30-40 Budget Revised http://blog.canadian-dream-free-at-45.com/2009/02/03/30-30-40-budget-revised/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: reduction la redoute http://blog.canadian-dream-free-at-45.com/2009/02/03/30-30-40-budget-revised/comment-page-1/#comment-40355 reduction la redoute Sat, 20 Feb 2010 15:31:29 +0000 http://blog.canadian-dream-free-at-45.com/?p=619#comment-40355 Thanks very much for taking your time to create this very useful infos Thanks very much for taking your time to create this very useful infos

]]> By: Darcie http://blog.canadian-dream-free-at-45.com/2009/02/03/30-30-40-budget-revised/comment-page-1/#comment-19714 Darcie Sat, 07 Feb 2009 00:13:56 +0000 http://blog.canadian-dream-free-at-45.com/?p=619#comment-19714 Hi! I am mortgage and debt free. My numbers are more like 10-50-40. However, as a low wage earner 40% "everything else," is really only $500.0/mo. I am using my savings for an extensive backpacking trip! You have to LIVE sometimes! Hi! I am mortgage and debt free. My numbers are more like 10-50-40. However, as a low wage earner 40% “everything else,” is really only $500.0/mo. I am using my savings for an extensive backpacking trip! You have to LIVE sometimes!

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/02/03/30-30-40-budget-revised/comment-page-1/#comment-19586 Canadian Dream Wed, 04 Feb 2009 11:50:16 +0000 http://blog.canadian-dream-free-at-45.com/?p=619#comment-19586 Trac, HA! Now that is a good one, but so true! David V, Yes, mortgage and taxes. I don't include anything else in that 30%. The saving fund depends. It's technically savings right up until you spend it when it becomes spending. I would just tend to roll it into your spending total. Mintycake, Oh yes being mortgage free completely changes these numbers. At that point you want to keep spending the same and beef up savings. I agree the numbers will shift around depending on your situation and needs and wants. Like I said, it's just a guideline. Tim Trac,

HA! Now that is a good one, but so true!

David V,

Yes, mortgage and taxes. I don’t include anything else in that 30%.

The saving fund depends. It’s technically savings right up until you spend it when it becomes spending. I would just tend to roll it into your spending total.

Mintycake,

Oh yes being mortgage free completely changes these numbers. At that point you want to keep spending the same and beef up savings. I agree the numbers will shift around depending on your situation and needs and wants. Like I said, it’s just a guideline.

Tim

]]> By: Mintycake http://blog.canadian-dream-free-at-45.com/2009/02/03/30-30-40-budget-revised/comment-page-1/#comment-19562 Mintycake Tue, 03 Feb 2009 20:21:06 +0000 http://blog.canadian-dream-free-at-45.com/?p=619#comment-19562 We're about there but for different reasons. We don't have a mortgage but we did buy an old house that needs a lot of work so we are still paying 20% for the house (taxes and 1 major repair/reno per year...flat roof and and windows in year one, bathroom and furnace in year 2, now I'm in year 3 and we're doing basement and skylights on the sloped roof, plus carpeting upstairs - we're loading it up this year to take advantage of the tax credit) but once this year is done the MAJOR renos will be done so housing will really go down to about 5% (including utilities). We also have no debt other than investment loans which are interest only and a tax deduction (except for a car payment which will be finished in 2010). Then again, in 2010, the plan is for me to have a baby and my income will plummet to about 35% of what it is now, so the numbers will move again. Right now we have about a 50% savings rate (again, prepping for baby). We’re about there but for different reasons. We don’t have a mortgage but we did buy an old house that needs a lot of work so we are still paying 20% for the house (taxes and 1 major repair/reno per year…flat roof and and windows in year one, bathroom and furnace in year 2, now I’m in year 3 and we’re doing basement and skylights on the sloped roof, plus carpeting upstairs – we’re loading it up this year to take advantage of the tax credit) but once this year is done the MAJOR renos will be done so housing will really go down to about 5% (including utilities). We also have no debt other than investment loans which are interest only and a tax deduction (except for a car payment which will be finished in 2010). Then again, in 2010, the plan is for me to have a baby and my income will plummet to about 35% of what it is now, so the numbers will move again. Right now we have about a 50% savings rate (again, prepping for baby).

]]> By: David V http://blog.canadian-dream-free-at-45.com/2009/02/03/30-30-40-budget-revised/comment-page-1/#comment-19560 David V Tue, 03 Feb 2009 20:13:49 +0000 http://blog.canadian-dream-free-at-45.com/?p=619#comment-19560 Is the 30% housing just mortgage and taxes? Would a repair fund be savings? Is the 30% housing just mortgage and taxes?

Would a repair fund be savings?

]]> By: Traciatim http://blog.canadian-dream-free-at-45.com/2009/02/03/30-30-40-budget-revised/comment-page-1/#comment-19555 Traciatim Tue, 03 Feb 2009 17:37:55 +0000 http://blog.canadian-dream-free-at-45.com/?p=619#comment-19555 So essentially because this is Canada if you use gross income it's a 50-15-15-20 budget to include the taxes :) So essentially because this is Canada if you use gross income it’s a 50-15-15-20 budget to include the taxes :)

]]> By: zeromoney http://blog.canadian-dream-free-at-45.com/2009/02/03/30-30-40-budget-revised/comment-page-1/#comment-19551 zeromoney Tue, 03 Feb 2009 15:25:41 +0000 http://blog.canadian-dream-free-at-45.com/?p=619#comment-19551 I'm not sure if I split this up right but i'm at: 37% - housing (I'm fast-tracking this one, the mortgage is down to roughly a 12 year term) 33% - debt and savings (about half to savings, half to debt) 30% - misc spending, gas, groceries, spending, heat, hydro, water I’m not sure if I split this up right but i’m at:

37% – housing (I’m fast-tracking this one, the mortgage is down to roughly a 12 year term)

33% – debt and savings (about half to savings, half to debt)

30% – misc spending, gas, groceries, spending, heat, hydro, water

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