The total of our necessary monthly expenses comes to $3,965.
It is somewhat interesting to me because my husband's salary (without commission) is $4,400. I actually had thought that his base salary would NOT cover our basic expenses, but I guess it does. Well, pretty close anyway. In this list I have lowered our auto gas figure considerably if my husband wasn't commuting to work.
So, if my husband lost his job, we would have to earn a minimum of $4,000 a month
|AUTO GAS - BR||150|
|CASH-Auto Gas JR|
|TRANSFER-To Sav 2|
So, if my husband lost his job, we would need to come up with $4,000 a month to survive (at least in our current house). For one person working 40 hours a week, that would mean an hourly wage better than $25 an hour. That might be hard to come by in a bad economy.
Right now we have $8,000 in our savings account. That would get us through 2 months. By the end of the year we will have $20,000 in our account. That would get us through 5 months.
I'm not sure if I feel better or worse, but I think it is good information to know.
Do you know what your "Bare Necessity Expenses" are?