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01-01-2011, 01:22 PM
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#41
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2009
Posts: 6,695
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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!"
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01-01-2011, 01:28 PM
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#42
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 398
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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]
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01-01-2011, 01:32 PM
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#43
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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 Quote:
Originally Posted by REWahoo
I think everyone should remember this isn't golf - the lowest number doesn't win.
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On the other hand: Winna! Winna! Chicken Dinna!
Quote:
Originally Posted by Nodak
Just totaled mine at $19,292 for everything.
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__________________
"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
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01-01-2011, 01:46 PM
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#44
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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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Quote:
Originally Posted by Shawn
Single, living alone (one cat), San Francisco Bay Area, 51, not yet retired ...
$8,601.29 Mortgage
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How do you get a mortgage in San Francisco for ~$700/mo?
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01-01-2011, 01:56 PM
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#45
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 398
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Quote:
Originally Posted by aaronc879
How do you get a mortgage in San Francisco for ~$700/mo?
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Refinance. I owe a little less than $90K on a $375K house.
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01-01-2011, 02:16 PM
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#46
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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It doesn't? 
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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01-01-2011, 02:47 PM
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#47
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gone traveling
Join Date: May 2008
Posts: 3,864
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I've heard this quoted another way:
"Spent most of what I made on beer and wine; the rest I just wasted."
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01-01-2011, 03:05 PM
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#48
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by Shawn
I also purchased a new car for $16,673.63. I expect it to last 30 years, giving an annualized cost of about $500.
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That's quite the car. What did you buy?
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01-01-2011, 03:28 PM
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#49
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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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.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-01-2011, 03:58 PM
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#50
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 880
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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.
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01-01-2011, 04:00 PM
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#51
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 2,049
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I spent ~$36,000 in 2010, below my "budget." I amortize big-ticket items (cars, overseas travel, house repairs, etc.)
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01-01-2011, 04:35 PM
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#52
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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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.
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01-01-2011, 04:51 PM
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#53
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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 happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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01-01-2011, 05:00 PM
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#54
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by NW-Bound
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.
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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.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-01-2011, 05:02 PM
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#55
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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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 !
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01-01-2011, 05:02 PM
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#56
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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 happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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01-01-2011, 05:13 PM
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#57
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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: 50,021
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Quote:
Originally Posted by Moemg
Anything else is a fantasy !
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Fantasy can be wonderful... 
__________________
Numbers is hard
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01-01-2011, 05:20 PM
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#58
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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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.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-01-2011, 05:22 PM
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#59
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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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.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-01-2011, 05:23 PM
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#60
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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 happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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