View Poll Results: My annual household expenses excluding taxes is:
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$24,000 or less
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29 |
10.70% |
$24,001 to $36,000
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35 |
12.92% |
$36,001 to $48,000
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47 |
17.34% |
$48,001 to $60,000
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50 |
18.45% |
$60,001 to $72,000
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34 |
12.55% |
$72,001 to $84,000
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23 |
8.49% |
$84,001 to $96,001
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18 |
6.64% |
$96,001 or more
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35 |
12.92% |
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11-01-2008, 08:42 AM
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#1
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Annual Expense Poll
We do this periodically, and I thought it would be interesting to set a new baseline reflecting the ongoing "misery of 2008."
Choose your annual household expenses amount excluding taxes and extraordinary one time purchases, like RVs and vacation homes.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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11-01-2008, 10:36 AM
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#2
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Full time employment: Posting here.
Join Date: Sep 2006
Location: SoCal
Posts: 928
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Looks like I'm the lone spendthrift around here. Actually, more than 40% of our outflow is going to daycare and to pay down the mortgage. In 3 years we'll be done with daycare, and in 8 years the mortgage will be retired. At that point, we'll really be able to ramp up our ER savings.
__________________
I can't complain, but sometimes I still do.
- Joe Walsh
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11-01-2008, 10:40 AM
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#3
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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: 6,674
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I find that if I can manage to spend between $2k-$3k each month, and can avoid many large expenditures (i.e. new car, big vacation etc), life comes at me really slow. Even with a couple of $4k-$5k expenditures this year (fence and A/C unit) I still have managed to LBYM for yet another year!!!!!...so far....
__________________
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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11-01-2008, 10:43 AM
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#4
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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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Climbing fast this year - 24K-36K bracket now. HELOC Interest to do the SS Mulligan. RE Taxes headed up for a 25% increase in School Taxes (have not had a kid in schools for 25 years but "it's for the kids" (actually it is for the teachers and the NEA, since 89% of school expenses go towards salaries)).
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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11-01-2008, 10:44 AM
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#5
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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: 9,296
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Quote:
Originally Posted by Rich_in_Tampa
Choose your annual household expenses amount excluding taxes and extraordinary one time purchases, like RVs and vacation homes.
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....and motorcycles?
__________________
There's no need to complicate, our time is short..
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11-01-2008, 10:56 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by ProspectiveBum
Looks like I'm the lone spendthrift around here. Actually, more than 40% of our outflow is going to daycare and to pay down the mortgage. In 3 years we'll be done with daycare, and in 8 years the mortgage will be retired. At that point, we'll really be able to ramp up our ER savings.
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Some of those voting are including a mortgage or rent, others are living in paid off homes.
Some of those voting are single and living alone, others have families with a spouse, many children, and/or aged parents to support.
Don't feel like too much of a spendthrift - - from what you said above, your budget appears to simply reflect your life circumstances! Likewise, I am in the <$24,000 category but if I still had my mortgage (or rent), or if I was living with Frank, I wouldn't be.
I think I will post another poll related to the above categories of circumstances. I would be interested to know!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-01-2008, 11:01 AM
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#7
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Last year we spent $69,128.
This year we have spent less than $50,000 so far, so I think that, by year end, our annual expenses could very well be below $60,000 for the year, which would be the lowest it's been since 2001.
Next year, I expect our expenses to increase quite a bit. We have 2 overseas trips planned (like this year) plus one wedding to attend in San Francisco. And my wife would like to treat herself to a nice watch, though we'll first have to see how the economy fares. Maybe I should count the watch as an extraordinary one time purchase, because it truly is a once in a lifetime purchase...
DINKs, expenses include $10K annual for mortgage, $5K annual for disability and life insurance. Some money goes to support parents, but it's still very reasonable.
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11-01-2008, 11:05 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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But I haven't reigned in expenses yet! Spending habits are pretty much the same as they have been all year and were last year.
If I do start cutting back, it will probably be later next year as my short term cash hoard starts to dwindle and I start looking ahead at withdrawals. I shouldn't need to do any portfolio withdrawals until late 2010 (knock on wood), but I expect that by late 2009 I'll be looking ahead.
Audrey
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11-01-2008, 11:14 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by audreyh1
But I haven't reigned in expenses yet!
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I am not laughing AT you, but WITH you! I feel like that a lot, too.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-01-2008, 11:20 AM
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#10
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Full time employment: Posting here.
Join Date: Jun 2008
Posts: 534
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Single, paid off house, included property tax (high in NH as there is no sales or income tax), and health insurance, $34K annual out flow, have not really made any attempt to rein in expenses since I am working P/T 20 hours a week which provides about $20K net annually.
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11-01-2008, 11:21 AM
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#11
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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That's a necessity.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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11-01-2008, 11:22 AM
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#12
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Not including car, taxes, and charity for 2007: just under $19,000.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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11-01-2008, 11:23 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Oh Want2retire! I always know that you are laughing WITH me!
Audrey
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11-01-2008, 11:32 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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I voted for bracket 2, but I'm just barely in there. I'm around 25-26K.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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11-01-2008, 11:51 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,743
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Not sure how a couple live on anything less than 60K per year. I voted 84k-96K. I believe we can reduce our spending to about 65K when we retire.
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11-01-2008, 12:02 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,228
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Quote:
Originally Posted by Dawg54
I voted for bracket 2, but I'm just barely in there. I'm around 25-26K.
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Me too....it would be less if we didn't travel as much....but since we can't with us when we go, we're gonna enjoy it along the way.
(if it wasn't for travel, we'd easily be way less than $24K.....probably less than $20K)
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11-01-2008, 01:09 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
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Quote:
Originally Posted by Rich_in_Tampa
We do this periodically, and I thought it would be interesting to set a new baseline reflecting the ongoing "misery of 2008."
Choose your annual household expenses amount excluding taxes and extraordinary one time purchases, like RVs and vacation homes.
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Is this for everyone? Working, non working, single, etc?
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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11-01-2008, 01:40 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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This poll could be misleading due to some people being retired and some still working. I would think retired folk would be cutting back more than someone who still has a job. Just my .02 worth.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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11-01-2008, 02:41 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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I was going to post a number, but then there were so many caveats. The way RIT asked for the number, I calculated $40,600 per year. It should be way less than half that amount after the kids are grown and gone and the mortgage is paid off. Probably closer to one third.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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11-01-2008, 02:54 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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2007 - 50k including taxes, all trips and parties, everything. My FireCalc and ORP number is up in the 60's - but my nerves given Mr Market of late won't let me go there.
Dat's a long long way from my personal all time low of 12k one year in the early 90's starting ER.
heh heh heh - . I usually spend what I think I'm 'allowed' to spend. Whatcha think maybe a hot tub for winter 2009? .
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