I make $6k per month after tax. I spend:
1. $2k mortgage
2. $500 on property tax
3. $100 on home insurance
4. $100 on car insurance
5. $300 on utitlities - electric, water, internet, and cell phone bill
6. $1400 for daycare
7. My wife is still in college so I have to pay for her tuition
8. $200 for gas
At the end of each month, I am not able to save because I have all these expenses. Would you consider my mortgage as a saving right now?
Read more: Is paying for a mortgage consider as saving?
