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-   -   How Did You Do On Your Expense Budget in 2010? (http://www.early-retirement.org/forums/f28/how-did-you-do-on-your-expense-budget-in-2010-a-53960.html)

Danmar 12-31-2010 11:54 AM

How Did You Do On Your Expense Budget in 2010?
 
We really blew our 2010 budget- over by 20%. Must do better in 2011. Major overages in health care, gifts, travel, and auto. How did you guys do?

bbbamI 12-31-2010 11:59 AM

Looks like we'll be right on budget. Maybe spent a hair less.

LOL! 12-31-2010 12:17 PM

My kid did not get that college scholarship and we paid off the mortgage, so we totally blew our budget by a factor of 2 at least.

Moemg 12-31-2010 12:35 PM

I came in $13,000 under budget despite buying a car,traveling and doing some remodeling . I'll just roll that over into next year .

Alan 12-31-2010 12:39 PM

Almost exactly 10% over budget, but that was mainly due to 2 unplanned trips to England. My Dad died Dec 16th, 2009 and airfare and other expenses on CC was paid for in January, plus FIL died in June so again we had airfares at 24 hour notice in peak travel time.

We will be over budget again in 2011 as we plan on a 6 month stay in England, but the expenses will easily come out of the inheritance money and those monies were never in our plans.

May be we'll be on budget in 2012...

REWahoo 12-31-2010 12:47 PM

11% over, due primarily to buying too many toys adding granite counter tops in the kitchen and master bath replacing the HVAC system.

easysurfer 12-31-2010 12:50 PM

I came in about 7% under budget. I'm a bit surprised as some categories (dental--toothache from h*ll, automobile repair) I'm sure I exceeded my budget.

Rustward 12-31-2010 12:55 PM

I put items into one of three buckets -- monthly for expenses that occur every month, yearly for the non-monthly ones, and reserves for other items, like HVAC replacement.

Quite a bit under on monthly and yearly, and no major expenses except for one truck repair, but hey, it's a '98, so under on reserves -- the budget needs tweaking.

Happy New Year.

grasshopper 12-31-2010 12:55 PM

2K over or 5%, new cat scratching posts furniture, and ceiling for the Chiricahua room.

NW-Bound 12-31-2010 01:06 PM

I do not have a budget yet. If my part-time work brings in good money, I splurge. In bad years, I fretted when I had to withdraw from my stash. For years, the investment accounts have been for "deposit only".

I will keep the part-time work for a while until I can get myself into the "distribution" mode.

scrabbler1 12-31-2010 01:08 PM

Excluding taxes, I came in about 4% over budget.

The hot summer boosted my electric bill, the end came to my unusually good deal on cable TV, I needed some computer parts, my dental expenses came in a little high, and I boosted the liability limits on my car insurance policy. None of these items cost me more than a few hundred dollars but collectively they were nearly $1,000.

I excluded taxes because they only exceeded my budgeted amount if I had some unexpected income via taxable dividends or cap gain distributions, the latter of which I had. I reinvested the (short term) cap gains, giving me more mutual fund shares, but still have to pay taxes on them.

brewer12345 12-31-2010 01:18 PM

What budget?

Alan 12-31-2010 02:36 PM

Quote:

Originally Posted by brewer12345 (Post 1018275)
What budget?

So speaks someone still working :) I can remember those days...

Nords 12-31-2010 02:37 PM

Quote:

Originally Posted by brewer12345 (Post 1018275)
What budget?

I did one of those in January but haven't really looked at it since... guess I'll be taking a look at it tonight.

TromboneAl 12-31-2010 02:41 PM

We were supposed to spend $53,000 and we spent $36,000. I'll try harder next year.

Moemg 12-31-2010 02:54 PM

Quote:

Originally Posted by TromboneAl (Post 1018318)
We were supposed to spend $53,000 and we spent $36,000. I'll try harder next year.


Maybe buy a pop up camper ?:)

bizlady 12-31-2010 02:56 PM

Came in about 1K under budget-- important as this is the third year we have "lived" comfortably but not extravagently on the planned retirement budget- and we take the plunge starting in April 2011! Have spent most of today tweaking for next year, as some expenses will change...

brewer12345 12-31-2010 02:56 PM

Quote:

Originally Posted by Alan (Post 1018315)
So speaks someone still working :) I can remember those days...

I just do not have the time (and willingness) to track a budget closely while I am commuting 3+ hours a day to a full time job and chasing kids in my spare time. I pay the retirement accounts first and leave it at that. Obviously that will have to change when we transition to ESR.

bbbamI 12-31-2010 03:02 PM

Quote:

Originally Posted by Moemg (Post 1018320)
Maybe buy a pop up camper ?:)

A new pair of pants? :greetings10:

Alan 12-31-2010 03:09 PM

Quote:

Originally Posted by brewer12345 (Post 1018325)
I just do not have the time (and willingness) to track a budget closely while I am commuting 3+ hours a day to a full time job and chasing kids in my spare time. I pay the retirement accounts first and leave it at that. Obviously that will have to change when we transition to ESR.

Believe me, I know how that goes :)

Coming to the end of my first year of retirement and first shot at seeing how we did against the post work target spending.


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