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?
(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
(354) Car Routine Maintance
(926) Car Ins
(120) Car Registration
(1,200) Car Gas
(2,600) Subtotal Car
(1,200) Cash - Misc
(480) Health Club
(336) Cell Phone
(588) House Internet Access
(2,000) Dining Out/Entertainment
(2,244) Health Ins.
(10,600) Subtotal Personal Expenses
(20,000) Total Basic Living
(275) Hobby Membership
(1,000) Misc Hobbies
(960) Furniture Loan - No Interest
(20,000) Total Incremental Living
(40,000) Total Basic + Incremental
(500) Auto Repair
(2,000) Auto Replacement
(500) House Repair
(400) House Appliance Replacement
(200) Computer Replacement
(5,000) Total Accruals
(45,000) Total Budget
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral