Biggest expense?

[Russell]

Re: Biggest expense?

Sure but you *have* to pay taxes so I don't technically consider it an expense more of an obligation. The most you can do is try to lower them to a certain extent by using 401K, IRA (not ROTH), various deductions etc but again you can only do so much specially if you don't own a house

[jmjj215]

Re: Biggest expense?

You *have* to buy food too Sort of. Taxes are definitely an expense in my book - with a very large chapter.

[PrincessPerky]

Re: Biggest expense?

Yeah taxes but it gets my political hackles up, so I avoid noticing

[BillsGirl]

Re: Biggest expense?

definately our car payments after rent is paid!

[jmjj215]

Re: Biggest expense?

Yeah taxes but it gets my political hackles up, so I avoid noticing

Certainly a valid reason PPerky

[marglo]

Re: Biggest expense?

We have 2 mortgage payments and our second mortgage is the biggest expense of all but you said after mortgage so that would be our rv payment. It's only $454 so it's not huge but with that and a lot of other smaller debt payments we have a lot of payments to make each month.

[mjrube94]

Re: Biggest expense?

Taxes are my biggest expense, INCLUDING MY MORTGAGE! That's how bad they are! I definitely consider them, even though I can't do too much more about it.

[BAGAGT1]

Re: Biggest expense?

Excluding Mortgage and TAXES, transportation is the largest expense (Car payment, Insurance, Registration, Maintenance, and let us not foget Gasoline).

[cercis]

Re: Biggest expense?

Debt payments right now - student loan, car and cc bills.

Last year, my biggest expense was health insurance, even before the mortgage.

If you look at each individual line, the 3 above tie with gasoline, groceries and "miscellaneous" (dh's toys, cleaning items, gifts, etc).

[debtfreeme]

Re: Biggest expense?

taxes

then rent

[EHadden]

Re: Biggest expense?

After the obligatory TAXES, I would say that my biggest expense is Groceries/Household (jumping from $400 last month to $600 this month for a family of three). After that are the "pain payments" that I make for past mistakes (personal loans from long since closed credit cards). Locking the low interest rate and fixed payoff term was key, but it is something that I remind myself of every month until paid off. It's amazing how dumb some of us can be when we try to lie to ourselves about what we can live on.

[barbara L]

Re: Biggest expense?

After my mortgage it would be real estate taxes. They are a whopping $400 per month (Goes into an impound account). Next would be groceries about $450, than car insurance $322 ($240 of it is for my daughters), than her car payment ($228). Hopefully she will pay her car payment this month.

[abowers]

Re: Biggest expense?

1. Rent
2. New Car Payment
3. Consolidated Student Loans
4. Groceries
5. Health Insurance
6. Car Insurance