Comments on: Are We Spending Too Much on Housing and Transportation? http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: SanDK http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-11501 SanDK Thu, 06 Jul 2006 22:25:00 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-11501 Wow, I need help! I just ran very quick figures. I am at 50%? My husband is losing his job at the end of the month so on my income alone I am at 50%. I rent a Condo in San Diego (away from the beaches), I have two kids. I am 30 and just starting to think about my future. I probably make more than what I figured. I have a lot of side jobs consulting along with my full time job. Oh yeah, that 50% only includes my rent and my car payment. Wow, I need help! I just ran very quick figures. I am at 50%? My husband is losing his job at the end of the month so on my income alone I am at 50%. I rent a Condo in San Diego (away from the beaches), I have two kids. I am 30 and just starting to think about my future. I probably make more than what I figured. I have a lot of side jobs consulting along with my full time job.

Oh yeah, that 50% only includes my rent and my car payment.

]]> By: sam http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-10018 sam Mon, 26 Jun 2006 21:57:16 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-10018 Car and house are right at 35% of take home pay. That includes extra principal payments on house and mortgage payment on a condo my kids live in. Car and house are right at 35% of take home pay. That includes extra principal payments on house and mortgage payment on a condo my kids live in.

]]> By: Accumulating Money http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-9444 Accumulating Money Sat, 24 Jun 2006 04:48:44 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-9444 My car is certainly not the hottest thing on the block, but I haven't had a car payment for about 7 years. It's the only way to go. My car is certainly not the hottest thing on the block, but I haven’t had a car payment for about 7 years. It’s the only way to go.

]]> By: cj http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-9243 cj Fri, 23 Jun 2006 11:53:08 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-9243 We spend about 20% of net income. Our two cars are paid off and we live in a townhome. I do some financial counseling and see first-hand exactly what Clements writes about. One couple I'm working with have a car that's worth more than their home (one of the mobile variety). Another woman had $60,000 in school loans, but bought a new car (a Honda Civic--not a Lexus!) with a $450 monthly payment that she's stuck with for five years. Crazy. We spend about 20% of net income. Our two cars are paid off and we live in a townhome.

I do some financial counseling and see first-hand exactly what Clements writes about. One couple I’m working with have a car that’s worth more than their home (one of the mobile variety). Another woman had $60,000 in school loans, but bought a new car (a Honda Civic–not a Lexus!) with a $450 monthly payment that she’s stuck with for five years. Crazy.

]]> By: plankton97 http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-9011 plankton97 Thu, 22 Jun 2006 17:59:38 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-9011 I mean 36% gross, 18% net... I mean 36% gross, 18% net…

]]> By: plankton97 http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-9010 plankton97 Thu, 22 Jun 2006 17:58:39 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-9010 We are at 18% gross, 36% net (after 401k) - including gas, maintenance & insurance. It's always interesting to me (but not surprising) that the people who care enough to read pfblogs always seem to be *way* ahead of the "great unwashed", no matter what the particular topic seems to be... We are at 18% gross, 36% net (after 401k) – including gas, maintenance & insurance. It’s always interesting to me (but not surprising) that the people who care enough to read pfblogs always seem to be *way* ahead of the “great unwashed”, no matter what the particular topic seems to be…

]]> By: Foobarista http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-8850 Foobarista Wed, 21 Jun 2006 20:10:52 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-8850 We're probably at about 15-18% of our gross; we're cheapscates when it comes to cars and live in a small house. For us, various fed and state taxes are by far our biggest expense. We’re probably at about 15-18% of our gross; we’re cheapscates when it comes to cars and live in a small house.

For us, various fed and state taxes are by far our biggest expense.

]]> By: Jesse http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-8812 Jesse Wed, 21 Jun 2006 17:04:06 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-8812 We're at about 35%. I like Vlad's idea of increasing the denominator to lower the percentage :) We’re at about 35%. I like Vlad’s idea of increasing the denominator to lower the percentage :)

]]> By: Ryan http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-8808 Ryan Wed, 21 Jun 2006 16:55:59 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-8808 Are you using your net or gross income to come up with this figure? Using a gross figure we spend less than 25% even after buying a new house. But then if you use our net income, we spend around 40% on housing. Of course our two cars have almost 200,000 combined miles on them. Are you using your net or gross income to come up with this figure?

Using a gross figure we spend less than 25% even after buying a new house. But then if you use our net income, we spend around 40% on housing.

Of course our two cars have almost 200,000 combined miles on them.

]]> By: Rob http://allfinancialmatters.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/comment-page-1/#comment-8798 Rob Wed, 21 Jun 2006 16:16:30 +0000 http://allthingsfinancialblog.com/2006/06/21/are-we-spending-too-much-on-housing-and-transportation/#comment-8798 Also, a lot of people see their housing expense as tied to their savings - buying lots of house and relying on increase in equity. Also, a lot of people see their housing expense as tied to their savings – buying lots of house and relying on increase in equity.

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