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How am I doing?
Old 08-01-2010, 04:31 AM   #1
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Posts: 306
How am I doing?

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 :-)
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Old 08-01-2010, 09:07 AM   #2
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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
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Old 08-01-2010, 10:08 AM   #3
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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
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Old 08-02-2010, 11:01 PM   #4
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Quote:
Originally Posted by Coach View Post
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.
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