Maddie - Expenses

Salaries

  • Matt: Gross: $63,500, Net: $45,234

  • Kirsten: Gross: $45,000, Net: $34,000

    • Ratio of Salaries: 1.33

    • Note: Salary amounts are a year old; need updated salary for correct ratio calculation.

Monthly Expenses

Household Expenses

  • Rent: $4250 (for each: Madison, Peyton, Kirsten) - Total: $17,000

  • Water & Electricity: $500 each - Total: $2000

  • Entertainment (Netflix, Internet): Madison - $235, Peyton - $0, Kirsten - $470 - Total: $1175

Medical Expenses

  • Medical Aid: Madison - $958, Peyton - $958, Kirsten - $2373 - Total: $6072

    • Note: Each child receives $2292 savings per annum; after savings are exhausted, all medical expenses split and paid on demand.

  • General Medicine: Madison - $30, Peyton - $50, Kirsten - $22.5 - Total: $125

  • Vitamins: Madison - $135, Peyton - $0, Kirsten - $300 - Total: $735

  • Sundries (toothpaste, toilet paper, etc.): Madison - $50, Peyton - $50, Kirsten - $100 - Total: $300

  • Nappies & Wet Wipes: Madison - $0, Peyton - $960, Kirsten - $0 - Total: $960

  • Food: Madison - $700, Peyton - $600, Kirsten - $850 - Total: $3000

  • Restaurants & Takeaways: Madison - $600, Peyton - $0, Kirsten - $700 - Total: $2000

Clothing Accounts

  • Woolworths: Madison - $800, Peyton - $800, Kirsten - $700 - Total: $3000

  • Truworths: Madison - $537.5, Peyton - $537.5, Kirsten - $0 - Total: $1075

  • Mr Price: Madison - $100, Peyton - $100, Kirsten - $300 - Total: $800

  • Edgars: Madison - $200, Peyton - $200, Kirsten - $580 - Total: $1560

School Fees

  • School Fees (need 2019 prices): Madison - $4500, Peyton - $4600, Kirsten - $0 - Total: $8305

  • School Extra Fees: Madison - $1225, Peyton - $0, Kirsten - $0

  • School Extra Items: Madison - $120, Peyton - $200, Kirsten - $0

  • School Stationery: Annual $1220 - Monthly equivalent: $101

  • School Miscellaneous: Madison - $200, Peyton - $100, Kirsten - $0

Other Expenses

  • Kirsten’s Petrol: $0

  • Madison’s Petrol: $600

  • Haircuts: Madison - $50, Peyton - $0, Kirsten - $0

  • Toys: Madison - $200, Peyton - $200, Kirsten - $0

  • Birthday Parties (Yearly $3000): Madison - $250, Peyton - $200, Kirsten - $0

  • Birthday Presents for Friends: Madison - $150, Peyton - $100, Kirsten - $0

  • Pocket Money: Madison - $50, Peyton - $0, Kirsten - $0

  • Madison’s Dog Hugo: Madison - $327, Peyton - $0, Kirsten - $327 - Total: $980

  • Wood for Heating: Monthly: $1020 - Monthly cost: Madison - $85, Peyton - $85, Kirsten - $170 - Total: $510

  • Maid: Madison - $312.5, Peyton - $312.5, Kirsten - $312.5 - Total: $1250

  • Car Expenses: Madison - $0, Peyton - $0, Kirsten - $3466 - Total: $6932

  • Loans & Credit Cards: Madison - $800, Peyton - $800, Kirsten - $1300 - Total: $4200

  • Phone Expenses: Madison - $0, Peyton - $0, Kirsten - $920 - Total: $1500

  • Bond Shortfalls: Madison - $0, Peyton - $0, Kirsten - $3000 - Total: $6000

  • Insurance: Madison - $41, Peyton - $41, Kirsten - $984 - Total: $2050

  • Kirsten’s Life Cover: $0

  • Kirsten’s Haircuts: $0

Total Monthly Expenses Summary

  • Total Expenses by Person:

    • Madison: $18,107

    • Peyton: $15,644

    • Kirsten: $25,531.5

  • 50/50 Split Total:

    • Madison: $9053.5

    • Peyton: $7822

  • Kirsten’s Total Monthly Expenses:

    • Matt’s Portion (Ratio 1.33 applied): $10,335.76

    • Blane’s Portion (Ratio 1.09 applied): $0

    • Kirsten’s Portion: $7771.24 + $7485.17 = $15,256.41

Conclusion

  • Kirsten's Total Monthly Expenses: $40,787.91

  • Observation: Kirsten’s total monthly expenses exceed her net salary.

Notes

  • Items not accounted for on Maddie’s side: iPad, car, loans, bedroom essentials (bed, picture frames).