I am figuring out places I can particularly afford to move to and the different jobs that will support the cost of my living. But my wildcard factor is I wanted to figure out after all the expenses have been totaled up i.e rent , food , gas , retirement funds ,...etc. How much percent would you need in edition for fun and just to be able to do the activities you want to do when you want to do them/buy the things you want to buy ... without effecting/cutting into your rent,food,gas , retirement funds/savings account.
I just want your opinion about it... I know different people will have different opinions on the subject...
The analogy would be when your laying down floor you always want to get around 15 or 20% more then you needed when you calculated the square footage of the room. Just for a buffer for mistakes or other things.
I would imagine this depends on a lot of factors but what is the average range for people to set aside for money after they calculated there raw expenses for living ?
For example the cost of living in the most expensive places in the US for 2013 polls is
Manhattan, New York with
avg rent $3,902 per month
avg gas $3.967 per gallon = $4125.68 per year if filling up every week.
avg food differs for people in many ways but I eat a **** load so let call it X
avg retirement /savings you should set aside per year lets call it Y
avg fun factor call it W which is the toys,pets,vacations ,movies ,concerts,things you want to buy or save up for buying...etc
if you total this you get $50949.68 + X + Y + W
I want to know what your W is on average for most people basically more of a range min, max and average. I know this will vary a lot by how you sample it i.e everybody including rich , or all the average incomes ,..or something different. But still want your thoughts on the subject and what works for you.
Note X factor is easy enough to figure out based on your bank statement / keeping track of what you spend on food per week , month, year...etc
Note Y factor may not be a factor for some but not to interested in that and not willing to post that info anyway that is more private anyway.
So the equation is this for living in the most costly places in the US in 2013ish era
$50949.68 + X + Y + W
plus maybe other factors like transportation , insurance , dependents
call that factor T , I , D so really the more precise equation is
$50949.68 + X + Y + W + T + I + D
Though right at the moment I am only interested in what people think of W?
Or another words what yours and there opinion of W should be percentage wise per year. Or was for you if you are older and more experienced in these things...
PLEASE POST YOUR OPINON ON W
I just want your opinion about it... I know different people will have different opinions on the subject...
The analogy would be when your laying down floor you always want to get around 15 or 20% more then you needed when you calculated the square footage of the room. Just for a buffer for mistakes or other things.
I would imagine this depends on a lot of factors but what is the average range for people to set aside for money after they calculated there raw expenses for living ?
For example the cost of living in the most expensive places in the US for 2013 polls is
Manhattan, New York with
avg rent $3,902 per month
avg gas $3.967 per gallon = $4125.68 per year if filling up every week.
avg food differs for people in many ways but I eat a **** load so let call it X
avg retirement /savings you should set aside per year lets call it Y
avg fun factor call it W which is the toys,pets,vacations ,movies ,concerts,things you want to buy or save up for buying...etc
if you total this you get $50949.68 + X + Y + W
I want to know what your W is on average for most people basically more of a range min, max and average. I know this will vary a lot by how you sample it i.e everybody including rich , or all the average incomes ,..or something different. But still want your thoughts on the subject and what works for you.
Note X factor is easy enough to figure out based on your bank statement / keeping track of what you spend on food per week , month, year...etc
Note Y factor may not be a factor for some but not to interested in that and not willing to post that info anyway that is more private anyway.
So the equation is this for living in the most costly places in the US in 2013ish era
$50949.68 + X + Y + W
plus maybe other factors like transportation , insurance , dependents
call that factor T , I , D so really the more precise equation is
$50949.68 + X + Y + W + T + I + D
Though right at the moment I am only interested in what people think of W?
Or another words what yours and there opinion of W should be percentage wise per year. Or was for you if you are older and more experienced in these things...
PLEASE POST YOUR OPINON ON W