View Poll Results: My annual household expenses excluding taxes is:
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$24,000 or less
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29 |
10.70% |
$24,001 to $36,000
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35 |
12.92% |
$36,001 to $48,000
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47 |
17.34% |
$48,001 to $60,000
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50 |
18.45% |
$60,001 to $72,000
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34 |
12.55% |
$72,001 to $84,000
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23 |
8.49% |
$84,001 to $96,001
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18 |
6.64% |
$96,001 or more
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35 |
12.92% |
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11-01-2008, 03:09 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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16k for the two of us with no debt.
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11-01-2008, 03:26 PM
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#22
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Recycles dryer sheets
Join Date: Mar 2008
Posts: 413
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22k for two of us and two dogs/1cat.
Living expenses to take home pay(after 401k's)=22000/130000=17%
Now, if i include hobbies, well, it goes to 50%
If the economy starts to affect me directly, the hobbies go out the window.
Hobbies are snowmobiling/biking in the winter, and boating/biking in the summer. Biking may end up being the hobby of choice for the future.
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11-01-2008, 03:47 PM
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#23
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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This year is basically the same as last year . I calculate my yearly spending allowance on Jan.1 and since I do a straight 4% next year may need a little tweaking of the budget but no terrible cut backs .
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11-01-2008, 03:50 PM
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#24
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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I'd guess around $50,000 right now, but we could easily get it to under $40,000 if we needed to do so without unacceptable sacrifices.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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11-01-2008, 04:40 PM
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#25
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,149
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Divided our total expenses for 2007 by 2 and entered that. Seems like it was appropriate to account for the difference between a couple and a single. Obviously a couple requires at least double the dollars a single needs!
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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11-01-2008, 04:51 PM
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#26
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Full time employment: Posting here.
Join Date: Dec 2005
Posts: 567
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I voted 24-36 because my mortgage is 1,531 but over 600 is principal no not really an expense. After retirement I will have medical expense but not while working but think I could live on 24K plus medical expense easily after the house is paid off or I move to a cheaper one.
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11-01-2008, 05:40 PM
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#27
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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$20K a year to mortgage, $7500 to property taxes--more than 1/3 of our total expenses.
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11-01-2008, 05:44 PM
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#28
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Recycles dryer sheets
Join Date: May 2008
Posts: 479
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Still w*rking, so no medical insurance cost to me.
Should come right in at 24,000 including maintenance fee on the paid-off apartment, a vacation in West VIrginia this summer, some books, some sushi ...
ta,
mews
who wishes the sushi budget was larger.
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11-01-2008, 05:59 PM
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#29
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Full time employment: Posting here.
Join Date: Feb 2008
Location: Central Coast, California
Posts: 923
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I just figured this yesterday. Our biggest expense by far is:
Housing (Mortgage, HELOC, HOA Fees, Insurance) - $27,000/year.
It's likely our expenses will go UP next year due to additional preschool tuition, raised HOA fees (unpleasant but necessary) and increased charitable donations. But we're socking away as much as we can for an uncertain future.
Married, mid-thirties, two kids, 2-bedroom condo, one of us working, one of us stay-at-home.
__________________
"You'd be surprised at how much it costs to look this cheap." -- Dolly Parton
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11-01-2008, 06:53 PM
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#30
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,678
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Just over $36,000 for a family of 4. One of the kids is in college (commuting from home) and that excludes his college tuition but includes books, transportation and meals while on campus. No mortgage, no car payments. This is plenty for us, I'm careful and frugal but not trying to drastically cut back.
I have been monitoring expenses all year, trying to learn what we will need as DH is looking at retiring in 5 years. By that time there will be no more college costs and both kids will be out. We should be able to get by with $28,000-$30,000 then.
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11-01-2008, 07:05 PM
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#31
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Recycles dryer sheets
Join Date: May 2005
Posts: 60
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We're in the fifth bracket mainly due to the mortgage, it currently takes up 50% of the household expenses (not counting RE taxes and insurance). If it wasn't for the mortgage, we'd be comfortable in the second bracket. 27 yrs left on the mortgage
Married, mid-20s, 2 kids, single family home on LI, one of us working, one of us stay-at-home.
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11-01-2008, 08:43 PM
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#32
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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Quote:
Originally Posted by youbet
Obviously a couple requires at least double the dollars a single needs!
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Not true. A couple requires less than double the dollars of one person because of economies of scale.
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11-01-2008, 11:17 PM
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#33
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 2,487
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Took a wild stab at it and said next to the highest. Mine includes prop tax & insurance on two homes that I have stateside but not the rent on company paid apartment in asia. Also includes non-interest costs of two cars in the US and one in asia (cars are saved for, then bought with cash), includes the shopping costs we incur while on vacation since most of that is to acquire things we need that are cheaper in the vacation venue than in our asian city. Looking for about 96k for retirement expense (more travel, health ins will go up, house is paid for).
R
__________________
Find Joy in the Journey...
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11-01-2008, 11:21 PM
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#34
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,855
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Without the self-imposed mortgage (and, as Rich requested, without the taxes & other one-time expenses) we're right around $4K/month.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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11-02-2008, 01:38 AM
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#35
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
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We were border line... put us into a higher category.
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11-02-2008, 04:16 AM
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#36
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Want to Amend my Estimate: With RE Taxes, Income Taxes, One Time Purchases: $40K.
Without RE Taxes, HELOC Interest, Income Taxes, One Time Expenses: $16K.
I can see, like always, IT DEPENDS!
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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11-02-2008, 04:47 AM
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#37
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,340
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I budget myself $1200/mo but always seem to stay under that and that includes a mortgage. If mortgage was gone, i'd be under $10,000/yr although if I didn't have health insurance thru work then it would equal the cost of the mortgage and i'd be back up to almost $15,000/yr.
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11-02-2008, 07:42 AM
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#38
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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I am at $3,000 a month without taxes . The extras such as travel and my new AC unit come out of my extra stash . I usually end the year somewhere aroung $50,000.
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11-02-2008, 10:15 AM
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#39
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 838
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Single, house paid off.
Excluding taxes I'm at the lower end of 24k - 36k
If I add in property taxes (~8k) I'm at the upper end of that range.
Since I started tracking my expenses in detail, I surprised at how much I spend on beer each year!
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11-02-2008, 10:22 AM
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#40
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,668
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Quote:
I surprised at how much I spend on beer each year!
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Yes, but that's a necessity, a staple, is it not?
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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