Budgeting: Why do I feel so poor?
I have a question that has been bothering me for a long time. I budget and save but I feel like I never have money. Can anyone give some kind of expert opinion/advice to let me know if I am doing something wrong.
Some info: under 30, married, 1 child
- All debt $6500
- Savings ~70K
- no car
- no house
- no cable
- no cell phone
- 2 scooters (cheap transportation)
Monthly Income:
- ~6000 after taxes and all deductions
Expenses:
- $1200 childcare
- $1270 Home, hydro, water, gas, phone, internet
- $270 transportation, insurance
- $650 groceries
- $300 miscelleneous (gifts, cosmetics, clothing)
- $200 monthly allowence (both for myself and spouse)
Savings:
- $1500 Long term (do not touch)
- $350 vacations, renovations, unforseen
- $100 Baby savings
So the way this budget is, we can't deviate much. We have to save for over a year to get big ticket items and we can't afford a car. It just feels like we might be doing something wrong.
Some info: under 30, married, 1 child
- All debt $6500
- Savings ~70K
- no car
- no house
- no cable
- no cell phone
- 2 scooters (cheap transportation)
Monthly Income:
- ~6000 after taxes and all deductions
Expenses:
- $1200 childcare
- $1270 Home, hydro, water, gas, phone, internet
- $270 transportation, insurance
- $650 groceries
- $300 miscelleneous (gifts, cosmetics, clothing)
- $200 monthly allowence (both for myself and spouse)
Savings:
- $1500 Long term (do not touch)
- $350 vacations, renovations, unforseen
- $100 Baby savings
So the way this budget is, we can't deviate much. We have to save for over a year to get big ticket items and we can't afford a car. It just feels like we might be doing something wrong.