How Mehta budgets his money
Here are Mehta’s monthly personal expenses as of July 2021.
· Savings: $10,000
· Transportation: $1,745 for his car payment, rentals when he is out of town, and insurance.
· SEP IRA: $1,500
· Food: $700 for dining out and groceries. Mehta eats out for many of his meals.
· Travel: $460
· Discretionary: $310 for donations and shopping.
· Subscriptions and memberships: $198 for an Equinox gym membership and Spotify.
· Phone: $70
Mehta doesn’t pay any rent since he lives in his house. This is despite the fact that the management company he works for covers the mortgage with rental payments from other tenants. The catch: He moves every few months, to whichever property has an open room.
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