When all is said and done, how does your monthly budget look? Do you have money left over to save or are you living beyond your means every month?
I’ve been keeping track of what I spend money on and it’s a real eye-opener to see where all the cash goes. I use the Monthly Home Budget chart that’s part of my Microsoft Office programs. But I’m sure there are plenty of other software choices out there that can help keep track of monthly spending habits.
One family in Granada Hills spends beyond their means every month. Kim Shekerlian and Stan Monterrosa have a combined take-home pay of $4,600. Their mortgage is $1,850. And judging by their budget list, they really don’t spend extravagantly.
Click the chart below and take a look at how they spend their money.
The couple’s story comes out of an article from the Daily News.
Just for kicks, I thought I’d check out what types of homes you could afford in Granada Hills for the same mortgage that Kim and Stan are paying. I’m assuming 20% down ($75,000) on a $375,000 house with a 6.25% interest rate for a monthly payment of $1,847 and some odd change.
15946 Lahey St./4bd, 2bth/1,383 sq. ft./$345,000
11219 Gaynor Ave./4bd, 2bth/1,399 sq. ft./$369,950
11130 Whitman Ave./3bd, 2bth/1,537 sq. ft./$390,000
By the way, the above listed homes are all part of best-ranked elementary school in the area (according to GreatSchools.net) – Danube Avenue Elementary School.