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Old 01-01-2018, 11:08 AM   #161
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I find the range of values under the category "groceries" fascinating. Thanks to all that have shared.
In addition to the usual household supplies one buys at a grocery store, my groceries category includes wine and liquor. I'm buying more expensive wines than I used to, and I'm afraid to separate it into its own category.
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Old 01-01-2018, 11:32 AM   #162
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Originally Posted by cranberryjoe View Post
In addition to the usual household supplies one buys at a grocery store, my groceries category includes wine and liquor. I'm buying more expensive wines than I used to, and I'm afraid to separate it into its own category.
I had similar concerns, but I faced my fears and broke wine and liquor into a sub category.

In Utah, it is easy to track as all good alcohol comes from the state liquor store.
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Old 01-01-2018, 11:47 AM   #163
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I broke mine out. It's amazing that my liver has survived this long.
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Old 01-01-2018, 11:56 AM   #164
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All this talk about booze expenses makes me curious how I treat mine. Can't remember if I separate it out or not.

So, I looked just now, and what the heck is this $3.45 on booze paid with Paypal? And this $8.53? Since when did I pay for any booze or drink with Paypal?

Turned out that Quicken misclassified the expenses on little electronic parts that I bought on eBay, when it downloaded the transactions from my credit card.

It didn't matter, but seeing these errors I now have to go in to edit them.
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Old 01-01-2018, 12:32 PM   #165
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Originally Posted by LRDave View Post
I find the range of values under the category "groceries" fascinating. Thanks to all that have shared.
I agree. There must be a lot of hungry retirees out there.
I spent at least $3000 on wine grapes from California to here in SW PA.
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Old 01-01-2018, 01:01 PM   #166
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Tracking expenses is somehow satisfying to some of us -- I'm one of those people.
Then, comparing them is also interesting.
Like a number of other people here, I like to compare to the hundreds of couples who fill out amazingly detailed diaries for the Bureau of Labor Statistics.

Here are the mean numbers for 2015, for married couples, with no kids at home, where both spouses are 60 or older, who own their homes:

Food at home 4,568
Food away from home 2,723
Property taxes 3,338
Homeowners insurance 931
House maint, repairs, flooring 2,297
Electricity 1,826
Heating fuels 750
Water, sewer, trash, ... 740
Major appliances 429
Housekeeping services 905
Cleaning Supplies 365
Other housekeeping supplies 684
Furniture 467
Smal appl, misc HH eq & textiles..... 1,282
Other lodging 840
Telephone services 1,440
Computer information services 468
Clothing 1,399
Cars, net purchase + lease 4,597
Vehicle finance charges 153
Car insurance 1,387
Gasoline and motor oil 1,955
Car maint & repairs 1,077
Car rental, prkng, tolls 268
Health insurance 5,739
LTC insurance 329
Dental, Eyecare, Hring Aids 1,039
Other medical 1,504
Day Care aka Personal services 145
Fees and admissions 832
Cable/Satellite services 995
Other AV equip & services 271
Pets, toys, hobbies, ... 798
Other Ent supp, eqp, services 866
Personal care products 400
Personal care services 427
Reading 198
Alcohol 530
Tobacco 193
Gifts to f & f, educational 376
Other gifts to f & f 1,827
Tax deductible contributions 2,190
Life and other pers insurance 558
Travel 2,812
Other 1,242
Total 58,159
Note that this is "mean" not "median". I'm sure median would be lower.

Also, the numbers above include people who have mortgages and those who don't. But I didn't show the mean mortgage payments because that's kind of confusing.

About 30% of these couples have mortgages, and those that do pay about $13,400 per year in combined principal and interest.
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Old 01-01-2018, 01:13 PM   #167
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Quote:
Originally Posted by UtahSkier View Post
I had similar concerns, but I faced my fears and broke wine and liquor into a sub category.

In Utah, it is easy to track as all good alcohol comes from the state liquor store.
When we started buying wines by the case, we addded wine as a subcategory for groceries.

We had a 72 bottle wine cellar to fill up after all.
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Old 01-01-2018, 01:24 PM   #168
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2015 1.33%
2016 1.52%
2017 1.74%
2018 projected 2.08%


Although not full yet, there is 1,100 bottles in my cellar, about 25 have been purchased.
I do share a lot with friends and family.
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Old 01-01-2018, 01:40 PM   #169
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Family of 4 with 2 young kids:

Auto 1,100
Groceries 5,000
Dinning 3,300
Mortgage 86,172
R/E Tax 14,500
Clothing 1,000
Household 4,600
Insurance 3,000
Kids Exp 6,000
Health Ins 17,000
Other Med 4,000
Utilities 5,000
Travel 8,900
Misc 4,000

Both of us retired at 40. The one expense that worries me the most is healthcare. The cost has gone up 100% in less than 3 years for the most basic hsa (bronze) plan.
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Old 01-01-2018, 01:42 PM   #170
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Woke up this morning and young Wife was lying next to me, 15 cigarettes in the pack and $34.00 in my wallet, I would have to say, I came in slightly under budget!
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Old 01-01-2018, 02:10 PM   #171
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Quote:
Originally Posted by Cpadave View Post
Family of 4 with 2 young kids:

Auto 1,100
Groceries 5,000
Dinning 3,300
Mortgage 86,172
R/E Tax 14,500
Clothing 1,000
Household 4,600
Insurance 3,000
Kids Exp 6,000
Health Ins 17,000
Other Med 4,000
Utilities 5,000
Travel 8,900
Misc 4,000

Both of us retired at 40. The one expense that worries me the most is healthcare. The cost has gone up 100% in less than 3 years for the most basic hsa (bronze) plan.
Do you really have a 7000 dollar a month mortgage payment or is that a typo?
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Old 01-01-2018, 02:13 PM   #172
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Not typo. 15yrs mortgage. 10 more years to go
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Old 01-01-2018, 02:22 PM   #173
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Not typo. 15yrs mortgage. 10 more years to go
I see your concern with the HI costs..after you take the away the 100K you need for mort and taxes, there isn't a lot left to trim to cover increasing health costs. Your spend will most likely have to rise to cover the HI..
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Old 01-01-2018, 02:27 PM   #174
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Originally Posted by grasshopper View Post
Quicken has a lot more detail, I am sharing only my top 10 expenses

1) Medical $19,500.00
2) Travel $14,600.00 2016 $30,000.00
3) Groceries $6,400.00
4) Pets $5,600.00
5) Auto $2,300.00
6) Dining $1,600.00
7) Household $1,500.00
8) Liquor $1.400.00
9)Recreation $1,300.00
10) Electric $1,000.00

all other categories are less than 1% of spending each.
No taxes?
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Old 01-02-2018, 08:00 AM   #175
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Mid-50’s single male. Some random tidbits from my 2017 QuickBooks P&L report:

• $2,400 for medical insurance premiums (if include the Obamacare Tax I’ll pay on my 2017 tax return, double this )

• $300 for dental: 2 cleanings and 1 x-ray

• $4,300 for food (eat out once per week on average; whole-foods plant-based diet; not much organic; lots of fruits, veggies, nuts, grains, etc.; no alcohol, no soda)

• $130 for toiletries

• $1,900 for recreation (need to start having more fun )

• $2,600 for utilities (electric, cable, water/sewer, cell)

• $900 for garden

• $700 for furniture (mostly a new 49” TV)

• $1,700 for auto (registration, insurance, maintenance, fuel, hired trips; I insured two cars for awhile, which is why the number is high)

• income taxes are huge; property and HOA taxes are reasonable

2018 should be interesting.
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Old 01-02-2018, 08:21 AM   #176
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2017 was a crazy expensive year for us - many items 2X or 3X normal - way over the top vacations, and more. We are 59 yo retired couple with two recent college grads living nearby, one with boyfriend. So we still have groceries and restaurants and entertainment often for four or five people, not just two. Despite what you see, we are not extravagant. We eat at home most days, I cook dinners - chicken, ground beef, etc. not high-end things. OTOH, we don't deny ourselves much; my wife has cancer and so to the extent she is able, we like to do nice things.

(sorry about the formatting)

HOME EXPENSES
Real Estate Tax 8,700
Electric 2,400
Gas 800
Water 1,200
Cell Phones 2,100
Cable - TV, Internet, Phone 2,800
HOA 500
Furnishings/Appliances 900
Lawn 2,700
Home Supplies, Repair, Maintenance 6,400
Other 600

DAILY LIVING
ATM 8,000
Groceries 11,400
Costco-Target-WalMart 3,100
Personal Supplies / CVS 1,000
Clothing 6,300
Restaurants 7,000
Dry Cleaning 200
Salon/Barber 800
Massage/Pedicure 200
Other 11,400

TRANSPORTATION
Fuel 1,400
Repairs/Maintenance 4,600
Registration/License 200
Personal Property Tax 300
Other (including local Uber and EZPass) 1,100

HEALTH
Travel 700
Doctor - not cancer 2,700
Doctor - cancer 4,300
Prescriptions 1,100
Dentist 700
Labwork 300
Exercise, Yoga, PT 900
Other 600

INSURANCE
Auto 1,300
Health 21,000
Homeowner's 1,800
Umbrella 600
Life 1,100
LTC 3,500

RELIGION/CHARITY/GIFTS
Dues 3,300
Charitable Donations 3,200
Other 200

ENTERTAINMENT
Netflix 100
Movies 800
Concerts 5,300
Theater 4,700
Books 1,300
iTunes 200
Other 500

PETS
Pets 2,500
Other 600

SUBSCRIPTIONS
Newspaper 1,100
Magazines 100

VACATION
Playa del Carmen 9,900
Cruise Spring Break 10,400
Pittsburgh 400
Coeur d'Alene 8,800
Other 6,700

MISCELLANEOUS
Postage 100

Total: 186,900


Additional, not included (one time expenses)
Funeral Prepaid: $10.800
Perpetual Care: $11,700
Cemetary Plots: $7,000
New car graduation gift: $27,500
Apple Mac laptop graduation gift: $2,300
Earrings: $8,300
MIL hearing aid: $3,550
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Old 01-02-2018, 08:52 AM   #177
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No taxes?
Household includes property tax, no federal or state income tax. Property tax would have been the under 1% line but I included it with household.
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Old 01-02-2018, 08:58 AM   #178
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Originally Posted by sakowitzm View Post
2017 was a crazy expensive year for us - many items 2X or 3X normal - way over the top vacations, and more. We are 59 yo retired couple with two recent college grads living nearby, one with boyfriend. So we still have groceries and restaurants and entertainment often for four or five people, not just two. Despite what you see, we are not extravagant. We eat at home most days, I cook dinners - chicken, ground beef, etc. not high-end things. OTOH, we don't deny ourselves much; my wife has cancer and so to the extent she is able, we like to do nice things.

(sorry about the formatting)

HOME EXPENSES
Real Estate Tax 8,700
Electric 2,400
Gas 800
Water 1,200
Cell Phones 2,100
Cable - TV, Internet, Phone 2,800
HOA 500
Furnishings/Appliances 900
Lawn 2,700
Home Supplies, Repair, Maintenance 6,400
Other 600

DAILY LIVING
ATM 8,000
Groceries 11,400
Costco-Target-WalMart 3,100
Personal Supplies / CVS 1,000
Clothing 6,300
Restaurants 7,000
Dry Cleaning 200
Salon/Barber 800
Massage/Pedicure 200
Other 11,400

TRANSPORTATION
Fuel 1,400
Repairs/Maintenance 4,600
Registration/License 200
Personal Property Tax 300
Other (including local Uber and EZPass) 1,100

HEALTH
Travel 700
Doctor - not cancer 2,700
Doctor - cancer 4,300
Prescriptions 1,100
Dentist 700
Labwork 300
Exercise, Yoga, PT 900
Other 600

INSURANCE
Auto 1,300
Health 21,000
Homeowner's 1,800
Umbrella 600
Life 1,100
LTC 3,500

RELIGION/CHARITY/GIFTS
Dues 3,300
Charitable Donations 3,200
Other 200

ENTERTAINMENT
Netflix 100
Movies 800
Concerts 5,300
Theater 4,700
Books 1,300
iTunes 200
Other 500

PETS
Pets 2,500
Other 600

SUBSCRIPTIONS
Newspaper 1,100
Magazines 100

VACATION
Playa del Carmen 9,900
Cruise Spring Break 10,400
Pittsburgh 400
Coeur d'Alene 8,800
Other 6,700

MISCELLANEOUS
Postage 100

Total: 186,900


Additional, not included (one time expenses)
Funeral Prepaid: $10.800
Perpetual Care: $11,700
Cemetary Plots: $7,000
New car graduation gift: $27,500
Apple Mac laptop graduation gift: $2,300
Earrings: $8,300
MIL hearing aid: $3,550
Well, you could have fooled me. Whenever I see large “Other” categories, I wonder where that money went. Another red flag is “ATM”. You took $8000 out of the ATM and you have no accounting for where it went.
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Old 01-02-2018, 09:24 AM   #179
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... You took $8000 out of the ATM and you have no accounting for where it went.
I have the same problem, but only to the $6k level. For me, it's time consuming to account for cash out. In the past, I've split the expenditures evenly between misc and restaurants (I use cash for fast food), making about 2 entries each into quicken per month. Just a rough guess of where the $ goes.

I'm going to try to account for the cash this year as well as minimize "misc". I think I'll keep daily notes of cash expenditures in 2018 and see where that goes.
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Old 01-02-2018, 09:31 AM   #180
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In 2017, I withdrew exactly $200 from the ATM, to pay for small weekly fees of my Golf group. Everything else is documented as credit card payments or electronic withdrawals. I have no “other” category.

I recently spent an entire week in Europe without using any cash at all.
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