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Old 01-09-2011, 09:33 PM   #241
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Awesome ItDontMeanAThing. Your input will be valuable for others contemplating a PT lifestyle.
Is the $37/mo for a health insurance plan or do you pay as you go?
Pay as I go. Health insurance for foreigners in the Philippines isn't worth the premiums. Haven't looked into insurance in Thailand because until last month I wasn't sure how much longer I was going to be in country. Besides, not having insurance makes me be extra careful when on the motorcycle.
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Old 01-24-2011, 12:08 PM   #242
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I lurk on this site sometimes but not the kind that posts a lot. Thought I'd contribute here since I just finished calculating my 2010 expenses.

Context: working male, living in suburbs of a large US city with another adult, sharing expenses 50/50.

2010 expenses (for 1 person):

All food: 194/month, or 2323/year (mostly in-house; occasional lunches / dinners out; don't spend time on using coupons)

All housing related: 375/month, or 4495/year, including (numbers below are rounded):
- property taxes: 4300/year
- hired services: lawn mowing, snow removal: 350/year
- other hired services: 620/year: pest control, AC/furnace cleaning, gutter cleaning, misc others (like painting)
- house insurance: 450/year (will be 500 this year)
- utilities:
--- primary phone and internet - $0 (paid by employer ~100/month)
--- second / backup phone: 310/year
--- TV cable: 560/year
--- water/sewer: 400/year
--- electricity: 720/year
--- gas: 1150/year
- Home Depot purchases: 130/year
Total is 8990; so 4495/person.

All car-related: 69/month, or 831/year, including
- car insurance: 414/year
- gas: 253/year (working from home)
- maintenance: 164/year

All other: 77/month, or 918/year, including haircuts, trips (driving to see family), medical (copays + medicine; rest covered by employer plan), gifts, entertainment, clothing (I believe $0 this year), and other credit card / cash expenses.

2010 Subtotal for 1 person: 715/month, or 8580/year

Depreciation: ~4.5k/year?

Car: conservatively, 2k/year (assuming 20k for a car lasting 10 years without major maintenance). I am already beyond 10 years on my current one.

House: AC/furnace (8k), roof (15k), siding (4k?), carpets (??), windows (5k?), washer/dryer (1k), pipes (?), many other ()... Honestly, I don't know how to evaluate this one - say 50k every 10 years for major maintenance? 5k/year; so 2.5k per year per person. How much do you think this should be?

2010 Total: ~13k/year

Future additional retirement costs:
- small buffer (~1k) as part of bare-bones budget (suppose could be used for extra entertainment if there are left-overs)
- primary phone / internet (~1k)
- medical (?) - free after 2014?
- moving to more expensive area (?)
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Old 01-24-2011, 12:13 PM   #243
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Good Life: Looks like your moniker is more future related?
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Old 01-24-2011, 12:23 PM   #244
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Nope, pretty happy already. Of course not having to work will be even better - at that point it will be Great Life =)
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Old 01-24-2011, 12:42 PM   #245
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Thanks Goodlife. I like the way you broke out the expenses.
If you feel like sharing - what part of the country do you live in?
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Old 01-25-2011, 07:26 AM   #246
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Thanks Walkinwood; I am in midwest
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Old 02-02-2011, 01:06 PM   #247
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I spent just under $80k before tax in 2010, down from $104k before we adopted the snowbird lifestyle (in Mexico). We also include multiple trips around our town and a yearly special one month trip, last year to Italy and this year to France.

It includes $10k in medical coverage, the single biggest expenditure. I am spending more than I plan to in 15 years, after we have satisfied the travel bug. Do you ever get cured?
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Old 02-02-2011, 02:32 PM   #248
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I spent just under $80k before tax in 2010, down from $104k before we adopted the snowbird lifestyle (in Mexico). We also include multiple trips around our town and a yearly special one month trip, last year to Italy and this year to France.

It includes $10k in medical coverage, the single biggest expenditure. I am spending more than I plan to in 15 years, after we have satisfied the travel bug. Do you ever get cured?
I'd say you are getting pretty good bang for the buck. Congrats.
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Old 02-02-2011, 08:03 PM   #249
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... after we have satisfied the travel bug. Do you ever get cured?
The cure may be worse than the syndrome...
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Old 02-03-2011, 12:19 AM   #250
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It includes $10k in medical coverage
kcowan, it sounds like you have U.S. medical insurance, rather than Mexican?
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Old 02-04-2011, 10:50 AM   #251
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kcowan, it sounds like you have U.S. medical insurance, rather than Mexican?
Yes it is an international policy that covers us anywhere, including the US. We wanted to get something permanent while we could still qualify. The travel topups require a new application every year and don't allow you to have hypertension, diabetes or heart problems.

Mexico has universal medicare for residents but it covers only procedures and not food or nursing care in the hospital. It also covers drugs prescribed by the doctor though. We pay for our own drugs. Although I have some coverage from a former employer.
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