Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 08-03-2017, 10:02 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 7,678
The government has the results of their Consumer Expenditure Surveys available online for free in nifty pdf and spreadsheet formats here:

https://www.bls.gov/cex/tables.htm
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
daylatedollarshort is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-03-2017, 10:30 AM   #22
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 12,280
We spend about 80k/year - including taxes... but that's for a family of 4 with two teenagers who eat a lot and have their own expenses (sports, piano lessons, etc.). That includes vacations and everything else.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
rodi is offline   Reply With Quote
Old 08-03-2017, 11:22 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2013
Posts: 5,556
Well, I am not posting any of my spread sheets here, but I will share this...

Last year, carrying costs of "life" was: $18,774 (1564.50/month). This includes EVERY SINGLE DIME to carry the house, eat, medicate, own 4 pets, as well as the all the car costs (except gas)... all of it.

The extras (gas for cars, eating out and travel) was: $8,218 (684.83/month). So the absolute GRAND total was $2249.33/month.
__________________
FIRE'd in 2014 @ 40 Years Old
ExFlyBoy5 is offline   Reply With Quote
Old 08-03-2017, 11:27 AM   #24
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 19,247
I'm beginning to wonder.

A new person shows up and in their very first post makes a ridiculous claim and demands to see spending spreadsheets. And so many here just take it in stride and provide detailed responses. Why?
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 08-03-2017, 11:34 AM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2013
Posts: 5,556
Quote:
Originally Posted by braumeister View Post
I'm beginning to wonder.

A new person shows up and in their very first post makes a ridiculous claim and demands to see spending spreadsheets. And so many here just take it in stride and provide detailed responses. Why?
Well, I don't know the poster's intent. It doesn't seem ill to me and I can post my numbers with little effort...so that's my reason. If it's helpful to the OP (or someone else, perhaps?) then so be it. If it's not useful, then I have lost a whole 10 seconds.
__________________
FIRE'd in 2014 @ 40 Years Old
ExFlyBoy5 is offline   Reply With Quote
Old 08-03-2017, 11:53 AM   #26
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 12,280
Quote:
Originally Posted by braumeister View Post
I'm beginning to wonder.

A new person shows up and in their very first post makes a ridiculous claim and demands to see spending spreadsheets. And so many here just take it in stride and provide detailed responses. Why?
Haven't seen anyone post a spreadsheet... but it's a discussion that is generally popular here. IIRC - there's usually a thread end of the year/beginning of the year about the previous year's spending that goes into FAR more detail than what people are posting here.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
rodi is offline   Reply With Quote
Old 08-03-2017, 11:53 AM   #27
Full time employment: Posting here.
 
Join Date: Mar 2017
Posts: 583
Quote:
Originally Posted by ExFlyBoy5 View Post
Well, I don't know the poster's intent. It doesn't seem ill to me and I can post my numbers with little effort...so that's my reason. If it's helpful to the OP (or someone else, perhaps?) then so be it. If it's not useful, then I have lost a whole 10 seconds.
Same reason I posted....it may help them out. And if doesn't, what's the harm? It's not like letting them know my monthly expenses via a spread sheet is going to let them rip off my money or identity.
SheitlQueen is offline   Reply With Quote
Old 08-03-2017, 11:54 AM   #28
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 19,247
Maybe I'm just suffering from acute curmudgeonliness today.
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 08-03-2017, 12:02 PM   #29
Administrator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Chicagoland again!
Posts: 35,277
Quote:
Originally Posted by braumeister View Post
Maybe I'm just suffering from acute curmudgeonliness today.
I don't think so.
MichaelB is offline   Reply With Quote
Old 08-03-2017, 12:02 PM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
JoeWras's Avatar
 
Join Date: Sep 2012
Posts: 7,320
Quote:
Originally Posted by braumeister View Post
Maybe I'm just suffering from acute curmudgeonliness today.
Well, maybe not. This site does seem to be getting a lot of "research project" kind of questions lately, bot or not.

I know the "mailbag" items were always upfront. But something else is going on outside of the mailbag. Word of this site get out to MBA schools? Too many naked questions without previous engagement.
JoeWras is offline   Reply With Quote
Old 08-03-2017, 12:03 PM   #31
Thinks s/he gets paid by the post
ER Eddie's Avatar
 
Join Date: Mar 2013
Posts: 1,678
Quote:
Originally Posted by braumeister View Post
Maybe I'm just suffering from acute curmudgeonliness today.
I thought the OP came off obnoxious. 2nd post, and it's "I don't believe you. Prove it by showing me your spreadsheets." Which is why I responded the way I did: "I ain't showin' you sh*t."
ER Eddie is offline   Reply With Quote
Old 08-03-2017, 12:05 PM   #32
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 23,641
Quote:
Originally Posted by braumeister View Post
Maybe I'm just suffering from acute curmudgeonliness today.
Well, the request for spreadsheets from a new poster (who hasn't been back to the thread) was a bit of a yellow (turning orange) flag for me. A spreadsheet can contain all sorts of info beyond the contents. These could be 'bots' trolling for info.

I recall the VP sent out something, and they always had the latest versions of MS Office, and MS often had compatibility problems with itself. So none of us could really open his spreadsheet properly, but IIRC, it exposed a LOT of info, like the entire directory tree it was stored under and maybe the tree of any sheets linked to it. All sorts of stuff.

Imagine if there was a link to a folder named "Friday's 1,000 layoff list"! Well, OK, at that point no one would be surprised anyhow.

-ERD50
ERD50 is offline   Reply With Quote
Old 08-03-2017, 12:22 PM   #33
Thinks s/he gets paid by the post
Rustward's Avatar
 
Join Date: Apr 2006
Posts: 1,677
Quote:
Originally Posted by Rianne View Post
I've read folks spending after tax dollars, 2500/month. This seems impossible with property taxes (own home) and insurance, a vacation. Need honest and complete spending spreadsheet to compare.
Rianne, this is a very open-ended request. I don't use a spending spreadsheet, so I don't have one to share and would not share one even if I had it, but I do track spending to the penny.

Spending varies by many factors. There are probably no two people who would agree on just what those factors are.

Comparison is useless. It would be like comparing net worth -- some people use only investable assets while others include the values of their home, rental properties, automobiles, tools in the workshop, coin collection, home entertainment systems, debt owed by family members, future inheritance, and anything else they can think of.

Comparing individual market returns is another one that is all over the map. Some people factor in their portfolio contributions and withdrawal and some don't. Some use only their equity performance (which has been stellar recently) and others use their entire portfolio. (Lets see how popular the Market Return YTD threads will be when the market goes down). It seems that few people do this the same way making it difficult to get the real picture.

For any comparison to be meaningful, it would have to be prepared using some generally accepted accounting principles, and you are not likely to get that in a public forum such as this one.

. . . and if you post your own spending spreadsheet and some information about yourself, you will likely get some feedback.
Rustward is offline   Reply With Quote
Old 08-03-2017, 12:31 PM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Nemo2's Avatar
 
Join Date: May 2011
Posts: 8,368
For the past four years we've averaged $40K Canadian annually, (~$31,800US), after tax expenditure.....which includes a little travel.
__________________
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
Nemo2 is offline   Reply With Quote
Old 08-03-2017, 12:32 PM   #35
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2009
Posts: 6,013
I spend just under $2,000 a month. If I have a moderately "bad" year (probably due to health issues), I'll hit the $2,000 a month mark. If I have a really bad year like I did in 2015, I'll spend a little over $2,000 a month. Otherwise, I'll spend a little under $2,000 a month.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is offline   Reply With Quote
Old 08-03-2017, 12:52 PM   #36
Thinks s/he gets paid by the post
Rambler's Avatar
 
Join Date: Jul 2007
Posts: 2,453
We can't come close to $2500 a month...that would barely cover the property tax and insurance on both of our homes plus the RV and car taxes and insurance. We pay all of those annually, not monthly. A typical month for us is around $10k plus or minus a little, and that $30k in various taxes and insurance premiums is on top of that. When we have a trip that involves flying, hotels and car rentals, it also goes up another few thousand, but that's only a couple times a year. And, I've discovered that we spend less monthly when we travel in the RV...yes, we spend more for fuel and $40 a night plus or minus for the RV park, but when we are home, we are constantly buying things to fix up the place, etc. so sometimes we take an RV trip just to get away from spending.

The point is, it all depends on your lifestyle, and what you CAN afford. If we downsized to the small of our homes (which we plan to do eventually), it will not only mean way fewer expenses, but also way less taxes. But it will mean more and further travel to see the kids. Probably...we don't know where they'll end up (two and a half hours away now, but they plan to move another 5-7 hours away soon).
__________________
Find Joy in the Journey...
Rambler is offline   Reply With Quote
Old 08-03-2017, 01:01 PM   #37
Thinks s/he gets paid by the post
Rianne's Avatar
 
Join Date: Aug 2017
Location: Champaign
Posts: 3,455
I've been keeping track of spending for 3 years and cannot get under $58 K a year. We own our house and cars. With healthcare these days, I'm bumping to $70 K a year.
Rianne is offline   Reply With Quote
Old 08-03-2017, 01:06 PM   #38
Administrator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Chicagoland again!
Posts: 35,277
Welcome to the forum, Rianne

So, you're looking for help, or advice, on managing spending?

Most members take a moment to introduce themselves, here Hi, I am... - Early Retirement & Financial Independence Community
If you do so it helps by giving perspective to your specific situation.
Nevermind, I see you've done so.

The thread was moved to the FIRE and Money forum where it is a better fit.
MichaelB is offline   Reply With Quote
Old 08-03-2017, 01:11 PM   #39
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 7,678
Quote:
Originally Posted by Rianne View Post
I've been keeping track of spending for 3 years and cannot get under $58 K a year. We own our house and cars. With healthcare these days, I'm bumping to $70 K a year.
We put our household budget in the same categories as the Consumer Expenditure Survey and compared them side by side. Some categories we were okay with spending more like housing, but as far as the rest we found many expense categories we could optimize / lower without any pain or lifestyle change like making the house more energy and water efficient, dropping the landline, chaning where we grocery shopped and switching cell phone plans.

We know from supporting college kids it doesn't take too much to live even in a high cost of living area in a nice apartment with a roommate near a beach, get groceries from Costco and use a bike, Uber and a bus pass for transportation. We don't actually do that, but it wouldn't be a half bad retirement plan B, and since we're married we already have each other for roommates. For older Americans on individual insurance plans, as you already know the main hard to control and hard to predict cost in the U.S. is health care.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
daylatedollarshort is offline   Reply With Quote
Old 08-03-2017, 01:19 PM   #40
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
JoeWras's Avatar
 
Join Date: Sep 2012
Posts: 7,320
Quote:
Originally Posted by ERD50 View Post
Well, the request for spreadsheets from a new poster (who hasn't been back to the thread) was a bit of a yellow (turning orange) flag for me. A spreadsheet can contain all sorts of info beyond the contents. These could be 'bots' trolling for info.
Right. I know this is a bit of a meta-discussion, but it is good to remind people out there that we do encourage sharing. However, be careful. Dropping a spreadsheet, word document and even photos can share meta data that you may not want spread around and correlated.
JoeWras is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Average Spending - Singles Independent FIRE and Money 13 11-17-2014 02:58 PM
Average Spending on EBAY Enuff2Eat FIRE and Money 41 07-29-2009 09:01 AM
2008 Actual Spending and 2009 Budgeted Spending dex FIRE and Money 122 03-17-2009 02:49 PM
How much is average saving during retirement? whitestick FIRE and Money 29 10-16-2007 07:44 AM
more than average savings- average spending shorttimer Young Dreamers 23 11-04-2006 05:32 PM

» Quick Links

 
All times are GMT -6. The time now is 10:55 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.