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Old 12-17-2008, 05:21 PM   #41
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2008 Actual Spending $80k

2009 Budgeted Spending $40k

As Dr. Phil would say " How's that working for you ? "
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Old 12-17-2008, 05:30 PM   #42
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We calculate our spending buy determining our net worth every Jan.1. The difference between NW on Jan 1, 2009 vs Jan.1 2008 is our annual spending. This year we are on track to spend about $1.8 million.

Next year we hope to cut back.
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Old 12-17-2008, 05:37 PM   #43
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I spent about $37K this year.

Housing $11K (my share which is 50%)
Utilities $5K
Auto $4.4K (had almost $2K in maint. ouch!)
Food $6K (I pay a larger share of food and BF cooks)
Entertainment $6K
Insurance $2K (medical, life, disability)
maybe a few odds & ends missing

Next year I'm budgeting $40K but can hopefully come in under.
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2008 Spending
Old 01-01-2009, 11:20 PM   #44
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2008 Spending

Living in a developing country. Does not include cost of life insurance, catastrophic health insurance, paid by employer, ~$1000/yr family of 4, for $10000 coverage for each member. Paid $300 for self life insurance.

Durables expenses should be down next year but education expenses will be up. Only cash expenses, not including depreciation of car/durables. car is 1 yr old, at least 8 more years to go. Not including tax expenses appx. $8000.
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Old 01-01-2009, 11:40 PM   #45
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AMAZING how little one can live on when HOUSE is paid off..........
Undoubtedly, it helps. The real question is "Does it help enough?"

Quote:
Originally Posted by bbbamI View Post
2008 Actual Spending $80k

2009 Budgeted Spending $40k
I do not yet know my first number. And I am afraid not being able to influence the 2nd number much, short of telling my children to drop out of college.

Sorry, but I need to get off to check out some hot stock tips now, which may help me plan my budget.
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Old 01-02-2009, 09:48 AM   #46
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according to my Excel spreadsheet - 2008 spending = 23,018.51

I am still w*rking, and this does not include taxes withheld or health insurance.
I had wanted to come in under 2,000/month, including vacation, some ebay and so on, and did.

2009 = about the same

ta,
mews
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Old 01-02-2009, 11:55 AM   #47
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As in it's a lot? I live in Canada so in Winter I can have $400 a month gas bills. -30 at the moment right now.
We have totalled $5,399 for Natural Gas, Hydro, water, utilities and water heater rental for 2008. We are either paying to heat the house or cool the house (fyi 3500 sq ft) I don't think that your bill is excessive accountingsucks. We moved from a smaller home about 4 years ago and except for inflation our bills have remained pretty much the same due to the increase in insulation on the newer built home.

We live in southern Ontario where there are only 2 seasons, Winter & July.
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Old 01-02-2009, 11:59 AM   #48
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Excluding income tax I spent $40,000 last year. This year I think I will spend $17, 358.69. Going on a diet.

Ha
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Old 01-02-2009, 12:25 PM   #49
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As Dr. Phil would say " How's that working for you ? "
Well, in 2008 I bought a car and DH bought a motorcycle and upright bass...that total came to around $38k . I figure we won't be buying these items in 2009.....
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Old 01-02-2009, 12:26 PM   #50
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Excluding income tax. 59 to 60k last bills for Dec haven't' been included. Had to put a good chunk into the house. Also, did more travel than normal. I cant imagine 2009 being near that amount but who knows.
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Old 01-02-2009, 12:45 PM   #51
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Old 01-02-2009, 12:53 PM   #52
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Our household expenses in 2008 were $70,991, of which $23,551 was income taxes, Social Security taxes and Medicare taxes. So net of those taxes we spent $47,440. But our discretionary spending was about 30% lower in the second half of '08 than the first half, so if we keep up that trend our after-tax spending will likely be around $40,000 in '09, assuming no change in our employment situations. That's about where I'm mentally preparing our budget.
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Old 01-02-2009, 01:32 PM   #53
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I paid a bit over $29k to my CC in 2008 and my property taxes were about $4k, so my expense were about $33K for the year. I do not keep a very close record of my expenses as many of you disciplined folks do. As I pay for 99% of my expenses with my CC, but not the RE taxes, I'm pretty sure that this accurately reflects my expenditures.

I expect 2009 to be about the same as 2008.
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Old 01-02-2009, 01:36 PM   #54
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2008 - 32% of Income went to expenses; we "saved" 62% of Income.

However those #'s do not reflect the fact we did a "Mulligan" on SS Benefits using about $85% of a $100K HELOC (current interest rate on that money is 2.75%; so no rush to pay it off). Purchase of an annuity from the SS Administration seemed like a good financial deal!
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Old 01-02-2009, 02:23 PM   #55
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Where do you obtain a HELOC aat 2.75%
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Old 01-02-2009, 02:27 PM   #56
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Where do you obtain a HELOC aat 2.75%

You don't anymore

Before the current mess plenty of banks were offering them at 50 and 75bps below prime.
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Old 01-02-2009, 04:05 PM   #57
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Where do you obtain a HELOC aat 2.75%
PENFED (See link about 1/2 way down the page): https://www.penfed.org/productsAndRa...homeEquity.asp
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Old 01-02-2009, 08:05 PM   #58
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2008 - budget $60,000, actual $56,000
2009 - budget $60,000

married, house paid off, high cost of living area but live comfortably
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Old 01-02-2009, 08:25 PM   #59
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We spent 33K in 2008. Married, no dependents at home, no debt, home, 2 vehicles, boat, and no big vacation this year. Live in the South. Approximately 1-2 years from RE and plan is to budget 48K/yr. and go from there. Probably spend the extra money on travel.
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Old 01-02-2009, 10:16 PM   #60
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2008 excl taxes $69k

2009 budgeted $72k
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