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Old 02-14-2016, 11:50 AM   #41
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This thread has certainly been eye opening for me, and I thank folks for posting numbers. I live like a king on not much more than $30,000 per year although I see why (and it helps me to understand why this is so difficult for many). I live in the Philippines where many things (but not all) are cheaper than in the USA. The vast majority of what I spend is simply discretionary.

Sample of Monthly Costs:

Rent (2 bed/2 bath): $220
Utilities: $50
Hi-Speed-Internet/Extended-Cable/Netflix: $100

Health Insurance: $25

Scooter Insurance/registration: $4
Gasoline: $10

Gym Membership (Gold's Gym): $31

Annual Flight to the USA: $100

I can eat a huge German meal with salad and drink and tip at the small restaurant 100 meters from my place for $6. At the nearby Thai restaurant (run by Thai immigrants) 2 of us can eat for $16, including 3 big plates of food and Thai Iced Tea plus tip. I did try the most expensive restaurant in town on Saturday and total costs for me were $28. I just ate at a high end German restaurant and my total bill including tip and drinks was $14.

I don't have "real" health insurance and so that is a huge liability, even with the inexpensive medical care available here. I buy travel health insurance for all time spent in the USA, which is included in the figure above. So I compensate by keeping my SWR very low, lower than even many conservative folks on this board advocate. Tomorrow I am getting a dental checkup and cleaning by my excellent dentist and the total cost is about $20.

My beloved scooter goes for about $1500 brand new and runs like a clock for 3 years now. I may get a top of the line Honda scooter next time and the most expensive one is currently going for $1900. So this keeps transportation costs, including depreciation, gas, maintenance, registration, insurance, amazingly low (under $2 per day).
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Old 02-14-2016, 12:00 PM   #42
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We could do it under $20k if we really skimped.

Description
HOA fees $3,276.00
Elect $2,000.00
Gas $400.00
TV/Internet $1,300.00
Vehicle $2,000.00
Insurance $1,500.00
Prop taxes $1,500.00
Misc $2,000.00
Total $19,976.00
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Old 02-14-2016, 04:31 PM   #43
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30K a year...yeah, I think we can swing that.

CategoryMonthlyYearly
Electricity$132$1584
Nat. Gas$66$792
H2O$43$516
Trash$18$204
Alarm$25$300
Internet/Cable$133$1596
Prop Taxes$73$1843
Car Insurance$125$1491
Home Insurance$157$683
Umbrella Insurance$13$156
Gas $240$2880
Groceries $500$6000
Health Insurance$47$555
Fed/St Taxes$200$2400
TOTAL$1772 $21264
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Old 02-14-2016, 05:42 PM   #44
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Originally Posted by Ronstar View Post
We could do it under $20k if we really skimped.

Description
HOA fees $3,276.00
Elect $2,000.00
Gas $400.00
TV/Internet $1,300.00
Vehicle $2,000.00
Insurance $1,500.00
Prop taxes $1,500.00
Misc $2,000.00
Total $19,976.00
No food? No clothing? Now that's what I call skimping! :2funy:
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Old 02-14-2016, 06:15 PM   #45
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W2R - Groceries didn't print in the list. And I don't need any clothes. Didn't buy any in 2015. If I need some, I can buy them out of Misc.

 
Description Monthly Yearly
HOA Fees $273 $3,276
Elect $165 $1,980
Gas $35 $420
TV/Internet $110 $1,320
Vehicle $168 $2,016
Insurance $125 $1,500
Prop Taxes $125 $1,500
Groceries $500 $6,000
Misc $165 $1,980
Total $1,666 $19,992
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Old 02-14-2016, 06:16 PM   #46
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Ok, I give up - How are these people putting the formatted tables in their posts?
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Old 02-14-2016, 06:18 PM   #47
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My base expenses are $14,000.
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Old 02-14-2016, 06:34 PM   #48
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Ok, I give up - How are these people putting the formatted tables in their posts?
Exporting spreadsheet as a pdf?/
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Old 02-14-2016, 06:38 PM   #49
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Exporting spreadsheet as a pdf?/
That's what I was thinking until I did a quote on Flyboy5's post just to see what it looked like, and it doesn't look like what I thought a pdf would look like.
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Old 02-14-2016, 06:42 PM   #50
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That's what I was thinking until I did a quote on Flyboy5's post just to see what it looked like, and it doesn't look like what I thought a pdf would look like.

table generated by StG's vB Code v.0.1.7.1
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Old 02-14-2016, 06:51 PM   #51
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table generated by StG's vB Code v.0.1.7.1
Interesting - thanks!
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Old 02-14-2016, 08:20 PM   #52
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Oh Mod, that's not the case. You can have liability only and still get umbrella. They are both liability coverages. The other coverage, called comprehensive and collision, is for your car only, and I have never carried it. But I've had umbrella coverage for years.
+2

We have umbrella but only liability on two vehicles.
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Old 02-14-2016, 09:14 PM   #53
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I'm always amazed at the difference in auto insurance across the U.S. The OP was paying $240 a month for 2 older cars. I pay $212 a month for full coverage for 3 vehicles, 2010 F150 Platinum, 2014 F250 Platinum and a 2014 Corvette
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Old 02-15-2016, 03:03 PM   #54
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I'm always amazed at the difference in auto insurance across the U.S. The OP was paying $240 a month for 2 older cars. I pay $212 a month for full coverage for 3 vehicles, 2010 F150 Platinum, 2014 F250 Platinum and a 2014 Corvette
I also noticed that - we pay about $600 per year for two older cars. Having said that, I change insurers virtually every year. All the insurance companies l have dealt with bait you with a lowball initial premium, then pile on the increases at the end of the first year.
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Old 02-15-2016, 03:21 PM   #55
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+2

We have umbrella but only liability on two vehicles.
Well I will have to check again. But while I was in Florida and I wanted to add an additional umbrella on cars, I was told I had to first add max coverage on cars.( $500,000.) When I moved to Nevada, they told me the same thing. This is with Nationwide who we have been with for a long time.

We have a 2007 Toyota Prius, and a 2002 Toyota Tundra (both with very low miles)

I will shop again next renewal. I'm wondering if it is my age, as I'm 73, though I haven't had an accident for over 23 years, and that was while at a stop light and someone rammed me from behind.
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Old 02-15-2016, 03:25 PM   #56
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Well I will have to check again. But while I was in Florida and I wanted to add an additional umbrella on cars, I was told I had to first add max coverage on cars.( $500,000.)
I believe they were referring to liability coverage (pays others), not collision and comprehensive (pays you). USAA allowed me to drop my collision and comp coverage on older cars and maintain my umbrella policy.
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Old 02-15-2016, 03:32 PM   #57
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That's what I was thinking until I did a quote on Flyboy5's post just to see what it looked like, and it doesn't look like what I thought a pdf would look like.
Here's a post in a "stickied" thread here on our forum that describes how to make tables, so hopefully that will help too.

Oh, and yeah! I can see now that groceries were just omitted and that it adds up to the correct total now, thanks. That's a great budget and looks do-able.

I agree about clothes. I probably have enough to last me for a very long time, too. Plus, since my retirement I have averaged $29/month on clothing+shoes, so these items don't add up to a big expenditure.
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Old 02-15-2016, 05:41 PM   #58
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Thanks for the info, W2R. I spend about the same as you on clothes. Apart of running shoes, hiking shoes, a T-shirt, and hiking hat, I can't think of any clothes I've bought in more than a year. I like the retiree dress code.


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Old 02-15-2016, 06:13 PM   #59
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]I like the retiree dress code.
Me too!!

I'm wearing my sloppy at-home retiree clothes right now. Stretchy/comfy gym shorts, a very oversized men's cotton t-shirt, barefoot.... and I purposely picked clothes that don't even match; the shorts are blue and the t-shirt is red. This is the life.
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Old 02-15-2016, 06:22 PM   #60
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...
I agree about clothes. I probably have enough to last me for a very long time, too. Plus, since my retirement I have averaged $29/month on clothing+shoes, so these items don't add up to a big expenditure.
Some articles of clothing are absolutely mandatory!
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