Do These Expenses Look Reasonable?
I'm trying to figure out my expenses.. does this seem reasonable? rent = 400.00 electricity = 40.00 telephone = 60.00 (20 home and 40 cell) Other utilities = 105 (cable = 55, internet = 50) food = 250 clothing = 50 (this is a monthly average for a year) laundry and dry cleaning = 20 transportation = 300 (250 fuel, 50 general mtc) recreation, clubs and entertainment = 150 renters insurance = 18 auto insurance = 75 installment auto payments = 357 child support = 300 other expenses = 400 (this is monthly tuiotion payment plan) I also have books of about 300 three times a year. This totals 2525 My clear monthly income is 2672 This leaves me with 147 left over. My total debt is close to 50k ... all credit cards except the car loan. So, how do I look?
Answer:
Whether they look reasonable is not the issue. The issue is whether they are your actual expenses. Further, it is impossible to say whether, even if they are your actual expenses, they are reasonable without knowing the city and state you live in, what the local trustees and courts find acceptable, and whether the are special circumstances that would warrant higher than normal expenses. You need to ask this question of your lawyer.
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