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January - June Expense Budget - 2010
Old 07-22-2010, 09:22 PM   #1
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January - June Expense Budget - 2010

So how are you doing on your budget the first half of this year?

I'm 2% below....not much, but at least I'm not over.
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Old 07-22-2010, 09:24 PM   #2
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I still don't have no stinkin' budget, which would not include expenses to fix the leaky roof anyhow...
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Old 07-22-2010, 09:34 PM   #3
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I'm over 4% - but I've got some great excuses.
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Old 07-22-2010, 09:40 PM   #4
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I'm over 4% - but I've got some great excuses.
That sounds like something my DH would say.

Ehhh...I don't like keeping an expense budget, however this way I'm not the bad cop...the spreadsheet speaks for itself.
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Old 07-22-2010, 09:48 PM   #5
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My budget is $1250/mo. So Jan.-June would be $7500. My actual spending is $7409. That's 1.2% under budget. July is going to be about $900 so i'm improving. I recently figured out my budget for 2011. It'll be $12,000 for the year. With my mortgage paid off i'm confident i'll be under that.
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Old 07-22-2010, 09:59 PM   #6
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You're saying you've only spent 20% of your budget?
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Old 07-22-2010, 10:03 PM   #7
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I'm under, by a bit. If you just include living expenses, it looks pretty deceptively good (46% of my budgeted amount, or 62% if adjusted to compensate for the fact that property tax and insurance are paid in the last half of the year). But my Venza cost more than I had planned (well, obviously I saved much more but had not planned to spend this much on a vehicle), so if you divide that excess cost by 12 and add to my monthly expenses then 92%. However I have been engaged in some frivolous spending this month (the best kind!) and intend to spend some more so it's probably a little higher than that.

In other words, I'm not exactly sure but I'm still in safe territory. REWahoo tells me that underspending is normal for new retirees so I may spend more as time passes.
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Old 07-22-2010, 10:04 PM   #8
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$1650 over budget for Jan thru June. This is the first year I am recording everything (in prep for FIRE to see what our expenses TRULY are)...so we either will need to set our expenses higher or live a bit cheaper.
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Old 07-22-2010, 10:05 PM   #9
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Right to the penny.....so far.
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Old 07-22-2010, 10:10 PM   #10
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I had to go back and check mine again because I could not believe how below my budget I am . I have spent less than 1% . We went on a cruise . I visited my daughter and spent like crazy on my grandson . We have done lots of upgrades to the house and I have done my usual shopping for gifts ,clothes ,etc.. and I am still way below budget .
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Old 07-22-2010, 10:13 PM   #11
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I had to go back and check mine again because I could not believe how below my budget I am . I have spent less than 1% . We went on a cruise . I visited my daughter and spent like crazy on my grandson . We have done lots of upgrades to the house and I have done my usual shopping for gifts ,clothes ,etc.. and I am still way below budget .
This leads me to believe you did a lousy job of budgeting. Congratulations.
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Old 07-22-2010, 10:19 PM   #12
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I had to go back and check mine again because I could not believe how below my budget I am . I have spent less than 1%... I am still way below budget...
Oh man, less than 1%. I couldn't believe it either. Do you need help?
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Old 07-22-2010, 10:34 PM   #13
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Oh man, less than 1%. I couldn't believe it either. Do you need help?

Me either , I checked twice . This is my budget from my investments . I also have a medium sized pension and SS benefits so my investments are the icing on the cake and I am way below budget . My intial yearly investment budget was 60,000 and I spent under $ 5,000
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Old 07-22-2010, 10:36 PM   #14
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Mr. Q says $28,629.61, which is just about what I thought it would be. Of that amount, $21,379.67 is taxes, kid stuff, and interest payments.

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Old 07-22-2010, 10:37 PM   #15
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Thanks for the clarification. So, you have SS + pension on top of the $60K. You are one rich lady! Of course you can't spend it all.
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Old 07-22-2010, 10:39 PM   #16
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Thanks for the clarification. So, you have SS + pension on top of the $60K. You are one rich lady! Of course you can't spend it all.

But I enjoy trying !
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Old 07-22-2010, 10:44 PM   #17
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So how are you doing on your budget the first half of this year?

I'm 2% below....not much, but at least I'm not over.
I am surprised that I am spending less than 2% of my stash on an annual basis and I have lived in 3 countries during that time. And this is including a fund for gifts, computers, taxes, etc., and all travel costs, basically 100% of all long term expenses. I feel blessed I may start spending more. But it is not easy to loosen up when you are only mid-40s, no pension, and live only off assets.

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Old 07-22-2010, 10:47 PM   #18
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9% under-- a good thing since we are still "test budgeting" this year in anticipation of April 2011 retirement.

DH had a major medical event that laid him up for 2 months- so he could not spend-which helped. But related medical bills likely offset that and we still are under budget- so I guess it is so far so good! Tested last year too with essentially the same dollars, and ended the year under budget, so feeling the budget will be realistic for us going forward. 8 months and counting....
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Old 07-22-2010, 10:59 PM   #19
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I'm exactly on my "revised budget." I mean right to the penny.

Doing the revision was easy. Tracking expenditures so that I knew what to revise it to was the tough part.
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Old 07-22-2010, 11:10 PM   #20
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I think I've revised our budget at least four times this year. I haven't added any money, but I've pulled from one area and shoved it in another. I think I'll be pullin' and shovin' until the day I croak.

Life happens....
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