"Monthly expenses" refers to the regular costs or bills that need to be paid on a month-to-month basis. These can include things like rent or mortgage payments, utility bills, groceries, transportation costs, or any other recurring expenses that occur consistently every month.
Full definition
Many families can see an immediate reduction
in monthly expenses of 20 % to 30 % simply by eliminating wasteful spending.
Not only will you save money
on monthly expenses by doing that, but you will make money from the sale of your home or car that you could potentially put towards your debt.
They're being diligent — they just want to be assured you'll not only pay your mortgage on time, but your other
monthly expenses as well.
Take the time to review your
other monthly expenses like cable and wireless phone service to make sure you're utilizing all the channels and services you're paying for.
But as you get paid again you add it to the account and make your other normal
monthly expenses from it like you did with your checking account.
Our study shows that mobile insurance costs can represent up to 30 % of the
total monthly expenses of owning manufactured home.
Up to that time, printing our book review publications was the single biggest
monthly expense by far.
Adding one or more of these investment types to a portfolio may help an investor
meet monthly expenses, or plan for longer term goals like saving for college or retirement.
Especially since 60 % of the survey respondents reported dipping into savings to
pay monthly expenses in the past five years.
It also can put you in a better position to manage
monthly expenses if you're planning to buy a car, lease an apartment or even buy a small house or condo.
As a rule of thumb, aim for spending no more than 50 percent of your paycheck on
fixed monthly expenses, he suggests.
The next thing you'll want to consider charging has to do with recurring
monthly expenses like gym memberships and subscriptions.
Contact your loan holder and they'll work your reasonable
monthly expenses into the equation, and let you choose which payment works better for you.
Or, pay off your mortgage before retirement if you can afford to do so to eliminate a
major monthly expense in retirement.
I'll assume a $ 100
average monthly expense for everything else (clothes, home items, going out to the movies, travel, etc.).
The key is lowering
monthly expenses so you can live off less income, and refinancing your mortgage loan might be the answer.
For a larger up - front commitment financially, you can have equipment that will last you for years versus the
recurring monthly expense of a gym membership.
Enter your
estimated monthly expenses by category, and we will do all the math for you — calculating the estimated returns from each credit card.
I can personally attest that drawing down your principal to meet
normal monthly expenses is very stressful when you are no longer employed.
Lenders consider mortgages to be riskier if the borrower's down payment is smaller, with conventional loans requiring at least 20 % down to avoid the
added monthly expense of private mortgage insurance.
An ideal way is to chalk out a budget for
monthly expenses while taking care to avoid certain discretionary expenses since this will allow investing more.
This is because the lender considers your total
monthly expenses when determining how high of a mortgage payment you can afford.
They don't account for
monthly expenses such as insurance, utilities and child care when determining your maximum approval amount, she says.
The payment plans should allow you to take care of your major
monthly expenses without default while allowing you to use a significant portion of your salary to pay down your debts.
This is why you get generous rewards programs and huge signup bonuses for nothing more but your typical
monthly expenses charged to a credit card.
However, more than twice as many women reported having more concerns
about monthly expenses than saving for retirement.
That way, you can continue to pay key employee salaries as well as
monthly expenses until you are once again able to resume normal business operations.
Folks of retirement age may to find that their constrained revenue can make
monthly expenses more intricate.
The monthly money you receive from the annuity can take the worry away from paying your fixed
monthly expenses during retirement.
Let them see how much income the family brings in, how
much monthly expenses are, the amount put into saving, and how much is left as discretionary funds.
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