2. auto insurance
3. high-speed internet
4. health insurance
5. student loan repayment (to start in December 2007)
Basically… that’s it. No cable. No subscriptions. No car payment. I don’t have a cell phone payment because I’m still on a family plan (thanks Mom & Dad).
My fixed expenses as a percentage of income is actually very manageable, and might even be called low by some standards. I realized something… I LOVE having low fixed expenses. I love not having to write a $300 check for my car every month. I love knowing that my student loan repayment is only $160 a month. I love having a rent payment that is significantly lower than the 25% of gross rule-of-thumb.
I feel as if I’ve discovered a secret. But of course, it’s only common sense that the lower my fixed expenses, the higher discretionary income I would have to spend (or save). I don’t really feel pressured or stressed about money – at least, any pressure that I DO have is related to future concerns, not day-to-day cash flow.