I’ve been doing a lot of thinking about how to re-budget my money once I pay off my personal loan. I wanted to post it and get some feedback before I finalize it, so here’s what I’m thinking:
Total monthly net pay: $2600
Rent – $959
Car Payment – $250
Car Insurance – $63
Federal Student Loan – $219
Private Student Loan – $75*
Cable/Internet – $85
Cell Phone – $85
Netflix – $15
Down Payment Fund – $125
Roth IRA – $150
Incidentals Fund – $75**
Groceries – $200
Gas – $120
Total: $2421
Leftover: $179
* I’m going to start paying $25 over the minimum monthly payment on this loan; over the term of the loan, this will save me over $500 in interest
** This fund will be for incidental items that pop up, like gifts, trips to the vet, car registration, etc.
Thoughts? Suggestions??
