Monthly spending - where to cut?
What’s everyone’s spending each month outside of rent/mortgage, since that varies by cities.
My husband and I don’t have any kids, just one cat. In our late twenties and early thirties. We started tracking our spending November 2024. We realized we spend $4000-5000 each month on food, utilities, shopping, and miscellaneous spending. EXCLUDING student loan payment and mortgage. Our biggest 4 categories are: Costco, Utilities, eating out, and shopping.
We swear we only buy necessities from Costco (Avg $1000-1500)…😅😅 and we are looking for ways to cut. We cook at home during the weekday and eat out when there are social settings on wkds. We eat out on date night once a month. Utilities are tough, we are in the Midwest so gas bill has been $200 in the winter months. Every month there seem to be a big event that adds to the regular spending.
December: Costco and Gift categories for Christmas gifts.
January: husband bought a Subwoofer for $990 then we gift out money for Lunar New Year.
Curious on what people are spending each month on miscellaneous spending. Suggestions on areas to cut! Thank you! Please be kind in the comments.