What is yoor major monthly expenditure?
January 24, 2007 4:36am CST
We spend for so many things regularly. Groceries,electricity, Telephone,T.V.,education of children,Petrol,traveletc.what constitute your major head of expenditure? To me it is education of children?what about you?
26 Jan 07
Im the only one paying for the bills here in the house. I live with my brother who couldnt care less about what needed to be paid or how much. The biggest expenditure here is rent. I pay a huge amount for it lately because used to be two of us sharing the rent but my brother bailed out on me unexpectedly so...Second highest is electricity which is maybe 30% of rent and then internet bills follow. Its a huge amount of money for me especially when combined and they start coming in in the middle of the month almost at the same time.
25 Jan 07
I guess it is different in different parts of the world. For me in the UK it will have to be rent. I guess if you start taking into account the value of the money you have tied up in your house and distribute it on a per month basis it will be the same for you too.
26 Jan 07
I agree, but sometimes when you take the mortgage cost and account for the maintenance of the house rent works out cheaper. Where I was going with this is there is always a cost associated with an Asset. In this case you will obviously obtain a capital growth as well which may exceed the expense of the Asset. I am taking this discussion too far away from the original topic.