Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-01-2011, 02:22 PM   #41
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,869
Excluding taxes, my expenses were just under $21k. (Single person, no kids.) My income taxes were about 2x what I thought they were going to be because I had a large, unexpected ST Cap Gains distribution in one of my bond mutual funds. While I reinvested the proceeds (giving me lots of new shares), it was still taxable.
__________________

__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-01-2011, 02:28 PM   #42
Recycles dryer sheets
 
Join Date: Jan 2007
Posts: 398
Single, living alone (one cat), San Francisco Bay Area, 51, not yet retired ...

$8,601.29 Mortgage
$4,844.57 Charity
$3,147.59 Property Taxes
$2,286.28 Utilities (Gas/Elec, Water, Phone, Trash, TV, Internet)
$1,518.65 Home and Auto Repair
$0,715.00 Homeowners Insurance
$0,557.00 Auto Insurance (2 cars)
$0,471.86 Gas (for car)
$0,441.50 Cat Vet
$3,524.67 Misc (food, clothes, entertainment, recreation, doctor, dentist, subscriptions, ...)

Total: $26,108.41 (plus $60,537 in estimated income taxes)

I also purchased a new car for $16,673.63. I expect it to last 30 years, giving an annualized cost of about $500.

Previous Years:
1999 (30,915)
2000 (33,454)
2001 (27,325)
2002 (31,751)
2003 (29,757)
2004 (25,510) [plus 18K in veterinary bills]
2005 (29,424) [plus 5K in veterinary bills]
2006 (30,735)
2007 (29,703)
2008 (31,846)
2009 (23,878)
2010 (26,108) [plus 17K for a new car]
__________________

__________________
Shawn is offline   Reply With Quote
Old 01-01-2011, 02:32 PM   #43
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
Quote:
Originally Posted by REWahoo View Post
I think everyone should remember this isn't golf - the lowest number doesn't win.
On the other hand: Winna! Winna! Chicken Dinna!

Quote:
Originally Posted by Nodak View Post
Just totaled mine at $19,292 for everything.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 01-01-2011, 02:46 PM   #44
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,972
Quote:
Originally Posted by Shawn View Post
Single, living alone (one cat), San Francisco Bay Area, 51, not yet retired ...

$8,601.29 Mortgage
How do you get a mortgage in San Francisco for ~$700/mo?
__________________
aaronc879 is offline   Reply With Quote
Old 01-01-2011, 02:56 PM   #45
Recycles dryer sheets
 
Join Date: Jan 2007
Posts: 398
Quote:
Originally Posted by aaronc879 View Post
How do you get a mortgage in San Francisco for ~$700/mo?
Refinance. I owe a little less than $90K on a $375K house.
__________________
Shawn is offline   Reply With Quote
Old 01-01-2011, 03:16 PM   #46
Moderator Emeritus
Khan's Avatar
 
Join Date: Aug 2006
Location: Pine Island, Florida
Posts: 6,868
Send a message via AIM to Khan
Quote:
Originally Posted by REWahoo View Post
I think everyone should remember this isn't golf - the lowest number doesn't win.
It doesn't?
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Old 01-01-2011, 03:47 PM   #47
gone traveling
 
Join Date: May 2008
Posts: 3,864
Quote:
Originally Posted by HFWR View Post
Don't track it as closely as some, but the basics were around $23k. The rest I spent on beer and wine...
I've heard this quoted another way:

"Spent most of what I made on beer and wine; the rest I just wasted."
__________________
Westernskies is offline   Reply With Quote
Old 01-01-2011, 04:05 PM   #48
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,018
Quote:
Originally Posted by Shawn View Post
I also purchased a new car for $16,673.63. I expect it to last 30 years, giving an annualized cost of about $500.
That's quite the car. What did you buy?
__________________
Meadbh is offline   Reply With Quote
Old 01-01-2011, 04:28 PM   #49
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,899
I haven't worked through all my numbers yet, but it looks like my spending totals ~$21.5K.

This does not include income tax. I am single, my house is paid off, and while I am not wealthy, to tell the truth I can buy whatever I want if I spend that much. This is more than I am used to spending and includes a lot of discretionary purchases.

In addition to the above, I bought a car at the beginning of 2010 as a retirement present to myself, with money that I had set aside over 10 years. This will be my last car so there is no need to save for another.

Also, I withdrew several thousand temporarily to use for preparing my house to sell (painting and re-doing the flooring for the entire house, various repairs, and cosmetic work and upgrades) but kept track of every penny and will get it back from the equity after it sells. This is a loan to myself, rather than spending.

If I included all of the above, luckily I would still come in less than my 3.5% SWR (based on my 1/1/2010 portfolio value less the cost of the car) so I am not worried about it. I find the ~$21.5K figure to be helpful for me, because that this figure and my figures for previous years are reasonably comparable.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 01-01-2011, 04:58 PM   #50
Full time employment: Posting here.
Dog's Avatar
 
Join Date: Apr 2006
Posts: 781
We spent around $62k in 2010. That includes all expenses for two homes (only one mortgage). We plan to sell the home with the mortgage in the next few years (sooner rather than later depending on the market). Not a lot of skimping as I was employed full time until 12/1/ 2010 making a very nice salary (we saved a good portion of my salary). Our biggest expenses were mortgage, taxes, utilities, groceries and insurance (in that order). I expect our spending will decrease until I find another job.
__________________
Dog is offline   Reply With Quote
Old 01-01-2011, 05:00 PM   #51
Thinks s/he gets paid by the post
 
Join Date: Jan 2004
Posts: 2,049
I spent ~$36,000 in 2010, below my "budget." I amortize big-ticket items (cars, overseas travel, house repairs, etc.)
__________________
eridanus is offline   Reply With Quote
Old 01-01-2011, 05:35 PM   #52
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Our expenses were about $52K in 2010. It will be more in 2011 as the youngest daughter will be attending college.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 01-01-2011, 05:51 PM   #53
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,426
W2R, you should make that Smithsonian trip. Same as my planned Alaskan RV trip, it's just something to do for a change in scenery. I don't really have to do it; I have said if I should die before it, it would be no big deal. But if one has some extra money, might as well get a bit of pleasure from it.
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 01-01-2011, 06:00 PM   #54
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,899
Quote:
Originally Posted by NW-Bound View Post
W2R, you should make that Smithsonian trip. Same as my planned Alaskan RV trip, it's just something to do for a change in scenery. I don't really have to do it; I have said if I should die before it, it would be no big deal. But if one has some extra money, might as well get a bit of pleasure from it.
I agree! Right now it is too cold for either of our northern adventures but we should keep them in mind for later on.

Meanwhile, on Monday I am renewing my gym membership and I am looking forward to that. I am happy that I have the extra money for things like that. After my holiday excesses, some time on the rowing machine and elliptical will feel wonderful.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 01-01-2011, 06:02 PM   #55
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,035
I think there is a lot of creative figuring going on . I only spent this amount but it doesn't include this or that . That is fudging the facts . You total up all your expenditures and the number you get is reality . Anything else is a fantasy !
__________________
Moemg is offline   Reply With Quote
Old 01-01-2011, 06:02 PM   #56
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,426
Of course not now! One has to wait until the Cherry Blossom on the National Mall.

But it may be time to watch for airfares. Best wishes.
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 01-01-2011, 06:13 PM   #57
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,115
Quote:
Originally Posted by Moemg View Post
Anything else is a fantasy !
Fantasy can be wonderful...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 01-01-2011, 06:20 PM   #58
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,899
Quote:
Originally Posted by REWahoo View Post
Fantasy can be wonderful...
It is! I love to anticipate posting on the board along with other happy, self-confident, non-judgmental people like we are.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 01-01-2011, 06:22 PM   #59
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,899
Quote:
Originally Posted by NW-Bound View Post
Of course not now! One has to wait until the Cherry Blossom on the National Mall.

But it may be time to watch for airfares. Best wishes.
Maybe you can get to Alaska early once it warms up a little. From what I am hearing, gas prices are rising so the sooner the better.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 01-01-2011, 06:23 PM   #60
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,426
About the fantasy, I have not posted what we spent, because I have not added it up yet. And maybe I do not want to know. The balance of the portfolio is real. Quicken tells me up to the last dollar. Why do I need to know more than that? Why can't I wait until I really need to know?

About the gas cost, I am seriously thinking about upping my energy stock portion to mitigate the potentially higher gas prices. Party on!
__________________

__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How much do you spend on clothes? accountingsucks Young Dreamers 82 09-04-2009 03:48 PM
I want to go spend some money !! goodguy1_64 Life after FIRE 14 06-02-2008 08:16 AM
has anyone tried to get you to spend more? lazygood4nothinbum Life after FIRE 24 11-21-2007 10:47 AM
Still can't spend even though FI 52andout FIRE and Money 33 10-30-2007 05:28 PM
How much did you spend on..... Donzo Other topics 54 02-27-2007 02:02 PM

 

 
All times are GMT -6. The time now is 02:18 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.