View Poll Results: How much do you spend each year?
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Less than $25k
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15 |
5.47% |
Between $25k and $50k
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87 |
31.75% |
Between $50k and $75k
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64 |
23.36% |
Between $75k and $100k
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47 |
17.15% |
More than $100k
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61 |
22.26% |
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11-21-2012, 07:17 AM
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#61
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Full time employment: Posting here.
Join Date: May 2007
Posts: 984
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Being single and living in a low cost part of the country, I'm typically in the under $50k group but did go over $100k for 2012 (bought an RV).
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11-21-2012, 09:30 AM
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#62
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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All of our expenses go thru the checking account (except stock gifts) since retiring as there are no payroll tax deductions, so I just added up the checking account monthly statements.
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11-21-2012, 09:34 AM
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#63
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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Quote:
Originally Posted by gerntz
All of our expenses go thru the checking account (except stock gifts) since retiring as there are no payroll tax deductions, so I just added up the checking account monthly statements.
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That should work fine, but if you use credit cards, remember that the January payments to your credit card probably includes spending that was done in December of the previous year.
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11-21-2012, 09:40 AM
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#64
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Quote:
Originally Posted by JustCurious
That should work fine, but if you use credit cards, remember that the January payments to your credit card probably includes spending that was done in December of the previous year.
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True. So my year is Dec-Nov. Or I add up the Feb-Jan checking account payouts.
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11-21-2012, 09:56 AM
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#65
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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No, that won't work either. No matter what 12 months you use, your checking account total debits will not equal your total spending if you use credit cards because the credit card payments in the first month will include spending from previous months, and some of the credit card spending in the last month will not be accounted for.
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11-21-2012, 12:14 PM
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#66
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,888
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Quote:
Originally Posted by JustCurious
No, that won't work either. No matter what 12 months you use, your checking account total debits will not equal your total spending if you use credit cards because the credit card payments in the first month will include spending from previous months, and some of the credit card spending in the last month will not be accounted for.
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But it averages out if you use a consistent 12 months.
Download your cc statements and use the transactions dates if it is important to you, but I can't imagine why it would be.
-ERD50
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11-21-2012, 02:41 PM
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#67
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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Seems like too many variables to obtain any useful data. Single vs married, old vs young, living in Keokuk, IA vs NYC, living in a Sear's cardboard box vs a 6 bedroom home.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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11-21-2012, 03:14 PM
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#68
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 6,506
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More than I want to, less than what I can afford. Life is good.
__________________
There must be moderation in everything, including moderation.
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11-21-2012, 07:04 PM
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#69
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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We spend as much as we need to spend. Income streams from SS and DB plans more than cover our expenses so we actually save a bunch of cash each month.
Still don't know how we will spend our IRA/Roth stash in the future.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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11-21-2012, 07:10 PM
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#70
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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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Quote:
Originally Posted by ls99
More than I want to, less than what I can afford. Life is good.
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I spend less than I want to, only as much as I dare, and hopefully not more than I can afford. Life is also good here.
__________________
"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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11-22-2012, 08:19 AM
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#71
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Full time employment: Posting here.
Join Date: May 2010
Posts: 996
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Quote:
Originally Posted by ERD50
But it averages out if you use a consistent 12 months.
Download your cc statements and use the transactions dates if it is important to you, but I can't imagine why it would be.
-ERD50
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Yes, there comes a point where the extra work and stress required to get it exactly right outweigh the benefits of actually doing so.
I can see making adjustments for large purchases that occasionally occur at year end but otherwise, like you, I believe it will all average out over time.
__________________
Wherever you go, there you are.
(In other words, no whining!)
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11-22-2012, 05:53 PM
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#72
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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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I spend enough but not too much, so I have some left over for a big ticket item without touching my long term retirement portfolio.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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11-22-2012, 08:10 PM
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#73
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Full time employment: Posting here.
Join Date: Sep 2011
Location: Bushnell
Posts: 607
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I will spend $36k this year, my first full year of retirement. I wanted to see how little I could spend while still having some extra fun and traveling. Next year I will increase to about $50k, which is closer to 2.5% of my portfolio. I am 48 years old so this feels right for now.
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11-23-2012, 05:46 AM
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#74
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 2,471
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about $40K less than I could.
__________________
For me experiences are not good or bad, just different
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11-23-2012, 08:04 AM
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#75
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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11-23-2012, 08:14 AM
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#76
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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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If there is any surprise to me from the poll, it is that the percentage of big spenders over $100K/yr is high, at 18.44% as I type this.
Nothing wrong with that of course. One has more, so he spends more. Spending down one's wealth is the best and voluntary way to distribute wealth. I hope to be invested in the right businesses that will receive this wealth redistribution.
__________________
"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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11-23-2012, 09:17 AM
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#77
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by NW-Bound
One has more, so he spends more.
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They have more, so they spend more.
The problem with the survey is that it is showing both single and married/committed folks together.
Like it or not, the old saying that "two can live as cheaply as one" is a lie, especially if each have their own "passions" in life ...
For instance, we've spent $30k on travel in the last 12 months. That does not include the taxes paid for TIRA withdrawls to fund my DW's passion.
If if was just me? My travel expenses would be $0, and I could probably get by on what we spend on our biggest expense item (and it has been, for a couple of decades). It's not the cost of living, but the cost of loving that can drive up expenses in a most unusual fashion.
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11-23-2012, 09:39 AM
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#78
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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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Well, I do not care how people spend so much, whether they are single or married.
The more important thing is that these rich retirees do spend and redistribute their wealth.
__________________
"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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11-23-2012, 09:48 AM
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#79
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by NW-Bound
The more important thing is that these rich retirees do spend and redistribute their wealth.
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Well, since we're not rich, I would like to hear some of those stories from the board, if anybody's willing to share...
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11-23-2012, 09:50 AM
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#80
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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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Eh, rich or poor is always a relative term. From your past posts, I'd say that you are pretty rich to me. You definitely spend more...
__________________
"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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