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12-17-2008, 04:21 PM
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#41
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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 Quote:
Originally Posted by bbbamI
2008 Actual Spending $80k
2009 Budgeted Spending $40k
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As Dr. Phil would say " How's that working for you ? "
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12-17-2008, 04:30 PM
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#42
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,765
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We calculate our spending buy determining our net worth every Jan.1. The difference between NW on Jan 1, 2009 vs Jan.1 2008 is our annual spending. This year we are on track to spend about $1.8 million.
Next year we hope to cut back.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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12-17-2008, 04:37 PM
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#43
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Recycles dryer sheets
Join Date: Dec 2008
Posts: 119
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I spent about $37K this year.
Housing $11K (my share which is 50%)
Utilities $5K
Auto $4.4K (had almost $2K in maint. ouch!)
Food $6K (I pay a larger share of food and BF cooks)
Entertainment $6K
Insurance $2K (medical, life, disability)
maybe a few odds & ends missing
Next year I'm budgeting $40K but can hopefully come in under.
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01-01-2009, 10:20 PM
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#44
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Recycles dryer sheets
Join Date: May 2005
Posts: 191
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2008 Spending
Living in a developing country. Does not include cost of life insurance, catastrophic health insurance, paid by employer, ~$1000/yr family of 4, for $10000 coverage for each member. Paid $300 for self life insurance.
Durables expenses should be down next year but education expenses will be up. Only cash expenses, not including depreciation of car/durables. car is 1 yr old, at least 8 more years to go. Not including tax expenses appx. $8000.
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01-01-2009, 10:40 PM
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#45
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 34,859
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Undoubtedly, it helps. The real question is "Does it help enough?" 
Quote:
Originally Posted by bbbamI
2008 Actual Spending $80k
2009 Budgeted Spending $40k
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I do not yet know my first number. And I am afraid not being able to influence the 2nd number much, short of telling my children to drop out of college. 
Sorry, but I need to get off to check out some hot stock tips now, which may help me plan my budget.
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01-02-2009, 08:48 AM
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#46
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Recycles dryer sheets
Join Date: May 2008
Posts: 479
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according to my Excel spreadsheet - 2008 spending = 23,018.51
I am still w*rking, and this does not include taxes withheld or health insurance.
I had wanted to come in under 2,000/month, including vacation, some ebay and so on, and did.
2009 = about the same
ta,
mews
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01-02-2009, 10:55 AM
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#47
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Recycles dryer sheets
Join Date: Nov 2008
Posts: 54
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Quote:
Originally Posted by accountingsucks
As in it's a lot? I live in Canada so in Winter I can have $400 a month gas bills. -30 at the moment right now.
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We have totalled $5,399 for Natural Gas, Hydro, water, utilities and water heater rental for 2008. We are either paying to heat the house or cool the house (fyi 3500 sq ft) I don't think that your bill is excessive accountingsucks. We moved from a smaller home about 4 years ago and except for inflation our bills have remained pretty much the same due to the increase in insulation on the newer built home.
We live in southern Ontario where there are only 2 seasons, Winter & July.
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01-02-2009, 10:59 AM
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#48
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Excluding income tax I spent $40,000 last year. This year I think I will spend $17, 358.69. Going on a diet.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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01-02-2009, 11:25 AM
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#49
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,275
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Quote:
Originally Posted by Moemg
As Dr. Phil would say " How's that working for you ? "
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Well, in 2008 I bought a car and DH bought a motorcycle and upright bass...that total came to around $38k . I figure we won't be buying these items in 2009.....
__________________
There's no need to complicate, our time is short..
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01-02-2009, 11:26 AM
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#50
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Excluding income tax. 59 to 60k last bills for Dec haven't' been included. Had to put a good chunk into the house. Also, did more travel than normal. I cant imagine 2009 being near that amount but who knows.
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01-02-2009, 11:45 AM
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#51
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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: 6,569
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Deleted
__________________
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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01-02-2009, 11:53 AM
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#52
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Our household expenses in 2008 were $70,991, of which $23,551 was income taxes, Social Security taxes and Medicare taxes. So net of those taxes we spent $47,440. But our discretionary spending was about 30% lower in the second half of '08 than the first half, so if we keep up that trend our after-tax spending will likely be around $40,000 in '09, assuming no change in our employment situations. That's about where I'm mentally preparing our budget.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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01-02-2009, 12:32 PM
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#53
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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: 6,569
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I paid a bit over $29k to my CC in 2008 and my property taxes were about $4k, so my expense were about $33K for the year. I do not keep a very close record of my expenses as many of you disciplined folks do. As I pay for 99% of my expenses with my CC, but not the RE taxes, I'm pretty sure that this accurately reflects my expenditures.
I expect 2009 to be about the same as 2008.
__________________
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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01-02-2009, 12:36 PM
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#54
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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2008 - 32% of Income went to expenses; we "saved" 62% of Income.
However those #'s do not reflect the fact we did a "Mulligan" on SS Benefits using about $85% of a $100K HELOC (current interest rate on that money is 2.75%; so no rush to pay it off). Purchase of an annuity from the SS Administration seemed like a good financial deal!
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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01-02-2009, 01:23 PM
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#55
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Recycles dryer sheets
Join Date: Dec 2006
Posts: 154
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Where do you obtain a HELOC aat 2.75%
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01-02-2009, 01:27 PM
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#56
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Quote:
Originally Posted by theloneranger
Where do you obtain a HELOC aat 2.75%
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You don't anymore 
Before the current mess plenty of banks were offering them at 50 and 75bps below prime.
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01-02-2009, 03:05 PM
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#57
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Quote:
Originally Posted by theloneranger
Where do you obtain a HELOC aat 2.75%
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PENFED (See link about 1/2 way down the page): https://www.penfed.org/productsAndRa...homeEquity.asp
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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01-02-2009, 07:05 PM
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#58
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Recycles dryer sheets
Join Date: Aug 2008
Posts: 155
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2008 - budget $60,000, actual $56,000
2009 - budget $60,000
married, house paid off, high cost of living area but live comfortably
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01-02-2009, 07:25 PM
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#59
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Full time employment: Posting here.
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 519
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We spent 33K in 2008. Married, no dependents at home, no debt, home, 2 vehicles, boat, and no big vacation this year. Live in the South. Approximately 1-2 years from RE and plan is to budget 48K/yr. and go from there. Probably spend the extra money on travel.
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01-02-2009, 09:16 PM
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#60
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 32,593
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2008 excl taxes $69k
2009 budgeted $72k
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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