How am I doing?

[mickj]

Current rough monthly expenses 5k

Rough net of my last 10 years (adult life):

Expenses OVERALL TOTAL	$443,000
Interest	$70,000		16%
Groceries	$51,000		12%
Tax	$56,000		13%
Charity	$51,000		12%
Housing	$44,000		10%
Utilities	$39,000		9%
Auto	$39,000		9%
Medical	$31,000		7%
Dining	$11,000		2%
Household	$9,000		2%
Vacation	$7,000		2%
Home Repair	$7,000		2%
Cash	$6,000		1%
Entertainment	$6,000		1%
Home Insurance	$4,000		1%
Haircut	$3,000		1%
Babysitting	$2,000		0%
Computer	$2,000		0%
Homeowner's Fees	$2,000		0%
Dentist	$2,000		0%
Daycare	$1,000		0%
Tv	$1,000		0%
Retirement Savings	$123,000		28%

I should have just over a million bucks in 30 years if I keep saving the same amount each month in 401k (at 5% annual return.)

I need to start cutting my own hair

 

[Coach]

mickj, a ten year view of expenses is interesting -- I've never seen that before.

Congratulations on a great savings rate!

It's interesting to see interest as your largest single expense item -- is that all mortgage interest?

Coach

 

[Amethyst]

Your generosity intrigues me, mickj. I wonder how many people achieve FI while tithing, as you appear to do (not knowing your income, I can't say for sure but you certainly do give a lot).

Thanks for sharing your information.

Amethyst

 

[mickj]

mickj, a ten year view of expenses is interesting -- I've never seen that before.

Congratulations on a great savings rate!

It's interesting to see interest as your largest single expense item -- is that all mortgage interest?

Coach

Most of it is mortgage interest.