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08-20-2011, 01:51 PM
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#1
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Entertainment Budget
I tracked my expenses for many years but in the last two years I have been lax so I want to get back on track . What does everyone have for an entertainment budget ? That includes eating out , movies , shows, etc. not including travel as I have this categorized in a separate expense. Thanks ! I just want to make sure that I am not being too thrifty or too extravagant .
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08-20-2011, 01:56 PM
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#2
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Recycles dryer sheets
Join Date: Jun 2011
Location: Hollywood
Posts: 50
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I spend about 3-5% a year on entertainment. I'm not sure if that's normal or not. I'd love to know too!
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08-20-2011, 04:49 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Our "mad money" budget is not strictly tracked. We go to the Legions, VFW, and the local Polish Home for draft beer pitchers (never liquor or wine) and eating out. We go to a low cost Chinese buffet about twice a month. Once a month we may go to a "real" restaurant, where we promptly go into sticker shock and afterwards return to our usual haunts.
Mr B estimated we spend about $350 per month on beer and dinners. Very low cost, very nice on the budget.
We do not go to shows or concerts at the local Casino. The tickets are too expensive (even the cheap seats) for our tastes. If there is a good group at the NYS Fair, we will attend a free afternoon show.
http://www.nysfair.org/chevy-court
Movies are $5.35 per month, on the Netflix 2 DVDs per month plan. We never go to theatres unless there is a movie I just have to see on the big screen.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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08-20-2011, 04:53 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2009
Posts: 9,343
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I budget about $400 a month for entertainment, which represents about 8% of my net monthly income. I define entertainment as spending money on something fun that isn't part of my fixed expense. Entertainment is kind of a loose term, because if I was married I'm sure she would say that my daily newspaper and sports tv packages should count as part of my entertainment money, too. I consider that a fixed necessary expense! Sometimes I spend it sometimes I don't, but it's there if I want it. I probably spend around 4k a year on vacations mostly to Tahoe, Vegas or St.John (live in Missouri) usually about 6 times a year.You can go on a hell of a lot of vacations when you book cheap flights and are splitting rooms costs with a girlfriend instead of a wife
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08-20-2011, 04:54 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Posts: 1,440
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Our entertainment budget is $300/month (movies, concerts, exhibits) and a $300/month separate dining out budget.
We track to budget using Quicken and regular downloads from the bank account.
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08-20-2011, 05:02 PM
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#6
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,362
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We spend about 7% of our budget in the category labeled Cash/Dining/Entertainment.
That covers the cash we get from ATMs for "walking around money" used for all small purchases, restaurant dining, and all other entertainment expenses like tickets to shows, etc.
I don't break the category down any more than that, but this seems to work pretty well nearly every year. Occasionally something special comes along, when the amount might go up to 8% of the overall budget, but generally it's below 7%.
__________________
I thought growing old would take longer.
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08-20-2011, 05:04 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jun 2007
Location: near Canadian border and near Mexican border
Posts: 1,142
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Does tool purchases at Harbor Freight classify as entertainment expenses?
__________________
Pigs get fat, hogs get slaughtered. That's my story and I am sticking to it.
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08-20-2011, 05:11 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Posts: 1,440
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08-20-2011, 05:13 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Only if your language gets colorful when you hit your thumb with a hammer or skin your knuckles using a socket wrench to loosen that rusted bolt from h*ll.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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08-20-2011, 05:15 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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The total for eating out, tickets to shows and such are about $1200 a year for the two of us.
Egads....that sounds so low. Guess I've been deprived all this time and didn't know it.
__________________
There's no need to complicate, our time is short..
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08-20-2011, 05:17 PM
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#11
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Only to guys !
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08-20-2011, 05:26 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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What?
Remember "Tool Girl"?...
__________________
Numbers is hard
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08-20-2011, 05:31 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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30 to 60% of budget(Mr Market depending) on a look back basis. I used to be cheap but I trained thirty years in New Orleans.
I try to keep minor stuff(basic food, shelter, taxes and insurance, etc.) to a minimum to leave wiggle room to party, travel, remodel, buy adult toys and live to eat -so to speak.
Heh heh heh - I mean what else is ER for? Right! Saints play the Texans tonight.
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08-20-2011, 05:33 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2009
Posts: 9,343
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Quote:
Originally Posted by unclemick
30 to 60% of budget(Mr Market depending) on a look back basis. I used to be cheap but I trained thirty years in New Orleans.
I try to keep minor stuff(basic food, shelter, taxes and insurance, etc.) to a minimum to leave wiggle room to party, travel, remodel, buy adult toys and live to eat -so to speak.
Heh heh heh - I mean what else is ER for? Right! Saints play the Texans tonight.
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Your lifestyle unclemick is what I'm aspiring too. I plan to get there soon!
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08-20-2011, 05:41 PM
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#15
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,603
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Quote:
Originally Posted by packrat44
Does tool purchases at Harbor Freight classify as entertainment expenses?
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In my budget, tools have their own expense category.
As for entertainment, I combined dining, entertainment, and travel into one category. It's our biggest expense at 23% of total expenses.
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08-20-2011, 06:53 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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I have a category for Entertainment/misc. I budget $100/mo(10% of budget) and am under as usual.
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08-20-2011, 07:01 PM
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#17
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Recycles dryer sheets
Join Date: Dec 2010
Posts: 445
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We now spend about $60 (don't go out!), but cable and internet are under utilities. After retirement we have forecasted between $400-750/month. That is a huge difference, but here there's no place we want to go, and in NYC...
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08-20-2011, 07:20 PM
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#18
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Full time employment: Posting here.
Join Date: Jan 2010
Location: Smith
Posts: 743
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Quote:
Originally Posted by freebird5825
Mr B estimated we spend about $350 per month on beer and dinners. Very low cost, very nice on the budget.
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If that's what I have to do to be frugal, sign me up!
I have no idea what we spend. We are currently trying to get a handle on that and develop a budget. I would guess maybe $300-$500 a month, which includes extra fuel for my fishing trips. We live in the middle of nowhere so eating out going to the movies is a big deal and usually includes running errands or picking up some groceries.
__________________
Retired July 4th, 2010 at age 43
Trout Bum, Writer, Full-Time Dad and Husband
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08-20-2011, 07:39 PM
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#19
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Quote:
Originally Posted by unclemick
30 to 60% of budget(Mr Market depending) on a look back basis. I used to be cheap but I trained thirty years in New Orleans.
I try to keep minor stuff(basic food, shelter, taxes and insurance, etc.) to a minimum to leave wiggle room to party, travel, remodel, buy adult toys and live to eat -so to speak.
Heh heh heh - I mean what else is ER for? Right! Saints play the Texans tonight.
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Way to go! That's a great philosophy. You can't take it with you.
So far this year, my total monthly entertainment expenditures have been a little under $308/month, and eating out every day accounts for all or nearly all of it.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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08-20-2011, 08:08 PM
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#20
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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Quote:
Originally Posted by unclemick
30 to 60% of budget(Mr Market depending) on a look back basis. I used to be cheap but I trained thirty years in New Orleans.
I try to keep minor stuff(basic food, shelter, taxes and insurance, etc.) to a minimum to leave wiggle room to party, travel, remodel, buy adult toys and live to eat -so to speak.
Heh heh heh - I mean what else is ER for? Right! Saints play the Texans tonight.
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Unclemick, I wish you were really my uncle...we would have such a good time together.
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