{ "media_type": "text", "post_content": "Late 20s/early 30s 🐠 with serious SOs, what’s your total monthly credit card spend (personal and shared if you have one)? We’re trying to save for a down payment and the savings numbers just don’t seem feasible.", "post_id": "61a8ff80afc2a2002b9ab2dc", "reply_count": 13, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Late 20s/early 30s 🐠 with serious SOs, what’s your total monthly credit card spend (personal and shared if you have one)? We’re trying to save for a down payment and the savings numbers just don’t seem feasible.

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We pay for everything on credit cards, several thousands of $, and pay them off 100% each month, but that input isn’t going to get you anywhere. You need to look at budgeting where you are spending your money if you want to make meaningful change to build up savings. Grouping all your expenditures (entertainment, dining, shopping, hobbies, travel, etc) all under one lump abstraction of “credit cards” makes it too hard to change spending habits. Review your budgets and see where you can start cutting back. It’s a lot easier to take a focused approach like “we shouldn’t get takeout so much”. If you need a budgeting tool, look at Mint which will download and categorize your credit card transactions alongside your other accounts. Separate suggestion - set up automatic weekly transfers of smallish amounts from checking to savings. Makes it a lot easier to not spend money when it isn’t in your checking in the first place, and small regular transfers removes the emotional pain since you won’t even notice them after the first week or two. My spouse and I have multiple savings accounts for different goals, and have automatic transfers setup for all of them to build them up.

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Around 3500. Engaged. HHI base around 270K. 210K from me, 70 from her (medical residency)

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I like that you felt the need to explain why you were engaged to such a pauper. So we all know she'll make money soon.

26 here! Around $1000-$1300 combined w my husband. Around $400 for groceries, and the rest for misc bills like car payments, insurance, other bills, going out to eat. If we plan a trip or something that’ll spike it too but that’s every 4-6 months or so. And then we pay $1000 in rent for right now.

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FYI it’s around 2500 when you include rent and all that - but user specifically asked for credit card

Our budget is $5000 a month plus $750 for travel. We spend an average of $4000 a month in credit card on all our cards. We charge pretty much everything on the card. To save for a down payment, you have to prioritize income and reduce expenses to have room for saving. Currently saving $5k a month for future DP.

I'm saving 50% of net (~4k) on $155K base. $2K towards down payment savings, $2K in stocks. Not sure why credit card spend matters but the $4K spent is $2K check (rent/car), $2K CC spend. SO saves about $200/mo for down payment on $50K base.

You're a saving champ!

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