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2007 Budget
Old 12-15-2006, 12:18 PM   #1
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2007 Budget

2007 will be my first calander year of RE so my budget below is not based upon historical RE spending.

Basic Living = just staying at home and not doing too much
Incremental Living = basic plus enjoying more adventures - This could be reduced or eliminated if I needed. Also, I have a high deductable on my health insurance. The assumption here is that if I paid the high deductable my sickness would reduce my advententous spending
Accruals = current non cash outlays for estimated future expenditures

I don't have any debts (except for a non interest bearing loan).

Some real cost accountants might say what is missing here is the opportunity cost for having the house paid off. You could add a figure for what a rental property or a mortgage would coust if you wish. I don't see the value in it for me.

The golden $20K rule for basic expenses does appear to be holding.

How does it look?

PS - How do you post an Excel spread sheet?

Basic Living
House
(2,700) House RE Tax
(2,496) House HOA
(840) House Gas & Electric
(439) House Ins.
(300) House Misc Purchases
(25) House Misc Items
(6,800) Subtotal House

Car
(354) Car Routine Maintance
(926) Car Ins
(120) Car Registration
(1,200) Car Gas
(2,600) Subtotal Car

Personal Expenses
(1,200) Cash - Misc
(480) Health Club
(336) Cell Phone
(2,000) Food
(600) Wine
(204) Netflix
(588) House Internet Access
(2,000) Dining Out/Entertainment
(2,244) Health Ins.
(300) Clothes
(648) Misc
(10,600) Subtotal Personal Expenses

(20,000) Total Basic Living

Incremental Living
(17,165) Travel/Education/Etc
(275) Hobby Membership
(1,000) Misc Hobbies
(960) Furniture Loan - No Interest
(600) Storage
(20,000) Total Incremental Living

(40,000) Total Basic + Incremental

Accruals
(500) Auto Repair
(2,000) Auto Replacement
(500) House Repair
(400) House Appliance Replacement
(1,400) Unexpected
(200) Computer Replacement
(5,000) Total Accruals

(45,000) Total Budget
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Re: 2007 Budget
Old 12-15-2006, 06:54 PM   #2
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Re: 2007 Budget

You pay no state and federal income tax?
Seems to be a significant omission.
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Re: 2007 Budget
Old 12-15-2006, 07:00 PM   #3
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Re: 2007 Budget

Quote:
(45,000) Total Budget
I did not see a line item for lap dances Dex, or is it covered with "Misc Hobbies" . Yea, a grand a year, that sounds about right for me... 8)
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Re: 2007 Budget
Old 12-15-2006, 07:58 PM   #4
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Re: 2007 Budget

Quote:
Originally Posted by Roger that
You pay no state and federal income tax?
Seems to be a significant omission.
Roger,
I worked in 2006 and I think I will be getting a little refund. After 2007 I will be able to estimate what to include for taxes.
Thanks
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