Your Monthly Budget
#12
Moms Basement
Joined APC: Apr 2022
Posts: 140
#15
Gets Weekends Off
Joined APC: Sep 2010
Position: MD-11 F/O
Posts: 111

I’ve used Quicken software for 25+ years, I have tracked EVERY penny earned and EVERY penny spent. I know, insane. What drive me to it was a $5000 outflow per month in my checking account and had no real grasp of where it was going. Yes, it is a pain to enter and categorize every penny but you can download some stuff (dividends, etc) but it helps me sleep at night. I think it also helps my wife and I also evaluate WANT vs NEED, which is the greatest tool to wealth creation. I’d be willing to share data on what I’ve spent but to make it useful I’d need to know what income level you’re looking at. I’ve got years where I made $100k and years where Ive made multiples of that. (No use giving data on what a $300k pilot spends to one making $80k)
#16
Gets Weekends Off
Joined APC: Mar 2005
Posts: 367

The financial advice I’ve received from pilots wasn’t the latest stock tip, but rather hearing how their lives were turned upside down during the lost decade. It scared me straight.
Once my portfolio has critical mass and my house is paid off I’ll relax the purse strings.
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