What We Save Each Month

I have not been looking forward to writing this post nor did I finish it in one sitting.  Money is such an awkward subject to discuss with strangers especially when it is about your personal finances, however, I think it is necessary here for us.  Our adventure of living in a fifth wheel has the specific purpose of us saving money in order to put a $100,000 down payment on a house, so I think it is important for you to see how we do that.

Let's start with our fixed bills while we lived in Indianapolis then look at our fixed bills living in the fifth wheel.

May - House

Rent: $1755

Electricity: $146.91

Gas: $115.99

Water: $28.95

Garbage: $38.97
Sewer: $45

Cable, Internet, Home phone/fax: $190.52

Student Loans: Natasha - $726.28  Cody - $161

State Farm: $220 (This includes insurance for our vehicles, golf cart, fifth wheel, renter's insurance and life insurance)

Truck Payment: $611

Health Insurance: $710
Tuition for Private School: $1000 ($12,000 yearly for 2 children broken into monthly payments)

Our cellphone bills are a business expense so that is not something we pay each month.  Also you can see that I did not include groceries, clothes, household items, beauty supplies, fuel, etc.

Total Fixed Bills in House: $5749.62

June - Fifth Wheel

Storage Unit: $269
Student Loans: Natasha - $726.28  Cody - $161
State Farm: $220 (This includes insurance for our vehicles, golf cart, fifth wheel, renter's insurance and life insurance)
Truck Payment: $611
Health Insurance: $845 (This amount changed because we moved to a new state and had to purchase different policies)

Total Fixed Bills in Fifth Wheel: $2782.28

What We Save Each Month: $2967.34

If we live in our fifth wheel for a year, which is about the time frame we are looking at, we will have saved $35,608.08 in fixed expenses alone and that doesn't even include the typical amount we are currently budgeting for each month to go into savings.

We are not looking to save the whole $100,000 while living in the fifth wheel, as we have already saved $60,000 before even living in the fifth wheel, however we do not only want to have $100,000 in savings and use it all on a house.  We would like to have more than that in savings so that when we use our down payment we still have emergency money in the bank.

As you can see from our numbers our expectation of putting $100,000 down on a house is very doable within the timeframe we have set.  As I have said before though, we do not know what curveballs life may throw our way so these are just our hopes and expectations if life goes according to plan and God continues to bless our finances the way He has been.

I felt the need to share the financial benefits of our journey because it is the whole reason for this adventure but it's an uncomfortable topic so I am done discussing it now. Whew....awkward finance post over!!