How much can I spend on rent and bills?
Figuring out monthly spending limits requires listing every recurring expense—from rent and utilities to insurance and groceries—and subtracting them from your total income. Without a clear breakdown of these fixed costs, it is impossible to calculate true savings or determine how much money remains for personal use.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
Found another way around this?
Share your steps and trade-offs so fellow engineers don't have to reinvent the wheel. No account required.
- 1Staying with parents to bank savingsDid this help you?
- 2Using the 50/30/20 budgeting ruleDid this help you?
- 3keeping all remaining money in a high yield savings accountDid this help you?
- 4investing in index funds through a Roth IRADid this help you?
In their words
Unedited, grouped by where they were said, most upvoted first within each place, each linked to the thread it came from.
“I recently paid off my very high credit card debt and have only about 500 in savings - I make on average 400 a week, how should I split up my money?”source ↗
“What's the maximum I can spend on an apartment including utilities?”source ↗
“How much for personal use?”source ↗
“How much on groceries?”source ↗
“& how much towards savings?”source ↗
“So how much would all bills cost? Electrical, plumbing, mortgage, health insurance for both of us, car insurance, cell phone bill, gas for the car, internet? Give me a rough amount how much all this will cost a month because I know I’ll be paying most of it and the main reason why I’m asking is because I wanna know how much profit I’ll be making every month.”source ↗
Where this came up
People with this problem also raised
- 2Buy once cry once or start with cheaper equipment?
- 2How do you figure out a reasonable monthly loan payment?
- 5How to hit max 401k contribution with whole percentage limits
- 14How to budget when rent takes half your salary
- 10How to stick to a personal budget without feeling restricted
- 3How do post-bacc units and credits count toward teacher salary schedules?