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average mortgage 1500 - maybe rent, not everybody CAN afford a home
gas - ok
car payment - why? drive a beater if you are struggling, a loan on a depreciating asset makes no sense.
food - ok, make sure wife shops sales and uses coupons
health insurance - hard to skimp on that one
retirement savings - 0 if you are in debt. get out of debt first.
random purchases - ?? If you are struggling, you shouldn't be spending 500 a month on clothes and crap. Thats why you are in trouble with the credit cards.
Heating oil - tough to save on that too, but there are things that one can do (put on a sweater)
Summer vacations - Again, if you are swimming in credit card debt and car loan payments, you shouldn't be going on vacation for 2k.
I just trimmed a lot of fat out of that budget.
These are lessons that my grandparents learned during the great depression. The same lessons that banks learned, and have forgotten as the old guard changed. People are relearning these lessons the hard way every day.
60k works out to 28 bucks an hour, or 2 adults making 14 an hour.
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