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02-01-2010, 06:36 PM
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#61
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Recycles dryer sheets
Join Date: May 2008
Location: Treasure Coast
Posts: 472
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Outlier numbers
$326,402 total spending. Family of four with two high-schoolers. Biggest categories:
Primary House Interest $35,116
Car (needed a 3rd, got a deal on a certified used Lexus RX350) $30,884
Children (school, activities) $30,291
Travel $22,968
Primary House Utilities and Landscaping Maintenance $22,639
Second House Expenses $19,434
Medical $17,642
Primary House Taxes $15,688
Food (not including restaurants) $15,233
Second House Interest (paid off part way through year) $14,084
Charity (most giving is done through separate foundation) $12,782
Primary House Expenses $11,426
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02-02-2010, 08:53 AM
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#62
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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15K two people in the Midwest.
45 Birthday may have just upped my medical because of a heart attack LOL. But I guess I am giving him one too.
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02-03-2010, 04:55 AM
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#63
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,600
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Haven't finalized DW's stuff yet, but looks like around $89k excluding income taxes and DW's discretionary spending. Main categories are:
Auto expense $8,300
Condo expenses $7,500
Groceries $4,800
Home maint / landscaping $12,200
Utilities $6,000
New truck, toys $30,000
Travel, dining $13,000
Real estate taxes $7,100
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02-03-2010, 05:21 AM
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#64
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,723
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65k for 2 people in St. Augustine Florida 2 Cars, 1 Saturn SUV and a Porsche Turbo
Some Expenses not all:
House (Paid For) Taxes = 8k
Utilities = 2.5k
HOA & Gardening = 4k
Maintenance (Roof) = 3k
New Appliances = 10k and change
Insurance = $5k
SWR
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-03-2010, 12:38 PM
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#65
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Recycles dryer sheets
Join Date: Nov 2004
Posts: 283
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Today is the Seventh Anniversary of my Retirement!
We spent 53K in 2009 excluding all Fed & State Income Taxes - had estimated 55K last year. Married, no debt, 2 vehicles. Paid cash for a new car this year that is not included in the 53K spending.
Retirement is Great!
JohnP
__________________
Dad's Dream; to have enough money someday to live the kind of life my wife and kids do...
Life is what happens while you are making other plans... John Lennon...
the more you look, the more you see...
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02-03-2010, 01:48 PM
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#66
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 5,214
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42K (single) in Silicon Valley. It will be higher this year. Planning to spend more this year.
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02-03-2010, 06:08 PM
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#67
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Spent: ~$25K (working on details)
Gave Away: ~$8K
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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02-03-2010, 08:02 PM
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#68
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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 JohnP
Today is the Seventh Anniversary of my Retirement!
We spent 53K in 2009 excluding all Fed & State Income Taxes - had estimated 55K last year. Married, no debt, 2 vehicles. Paid cash for a new car this year that is not included in the 53K spending.
Retirement is Great!
JohnP
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Congratulations John!
__________________
There's no need to complicate, our time is short..
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02-04-2010, 12:33 PM
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#69
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Recycles dryer sheets
Join Date: Nov 2004
Posts: 283
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Thanks, bbbamI!
JohnP
__________________
Dad's Dream; to have enough money someday to live the kind of life my wife and kids do...
Life is what happens while you are making other plans... John Lennon...
the more you look, the more you see...
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02-04-2010, 01:46 PM
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#70
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Thinks s/he gets paid by the post
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
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$713k (not including taxes obviously)-over budget by $51k. Budget was a real tight one due to the state of the markets in early 2009. decided late in ythe year to loosen the purse a bit.
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02-04-2010, 01:50 PM
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#71
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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Danmar I think you win on the high end. You make 45 Birthday look like a cheapskate LOL.
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02-04-2010, 02:08 PM
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#72
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Oh man! All we need is for Larry Ellison to discover this forum and scare us plebes.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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02-04-2010, 05:18 PM
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#73
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Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,346
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Quote:
Originally Posted by NW-Bound
Oh man! All we need is for Larry Ellison to discover this forum and scare us plebes.
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AFAIK Larry is not retired
__________________
T.S. Eliot:
Old men ought to be explorers
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02-04-2010, 05:55 PM
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#74
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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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Don't really know - ballpark under 40k everything included. Two people. 16th year of ER - ORP says I need to up it to 60-90k/yr to get it all spent if I croak at 91 or under depending on where I set the long term returns on the portfolio (between 6 to 9% for a 60/40).
Haven't really tracked spending super close post Katrina but two comments:
1. Being a really cheap SOB early on and the decade of the 90's - ER'd jan 93 really helped.
2. My 'core' food, shelter, transport, medical is low 20's so I have a lot of 'wiggle room' in retirement when Mr Market gives out those heart stopping, sphincter tightening drops.
heh heh heh - even with a historical faith in the long term - my brain 'hates' to spend in 'down' markets. .
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02-04-2010, 05:58 PM
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#75
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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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Quote:
Originally Posted by unclemick
Don't really know - ballpark under 40k everything included. Two people.
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Mick, you seem to get a really nice lifestyle for your money. Congratulations.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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02-04-2010, 06:22 PM
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#76
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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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Quote:
Originally Posted by haha
Mick, you seem to get a really nice lifestyle for your money. Congratulations.
Ha
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Thanks. Midwest. I suspect if I went back to New Orleans as new comer bare bones bones would be low 30's before the extras. Just observing from my many recent trips back to visit - versus established like W2R.
heh heh heh - housing and medical are very competitive here compared to some other posts I've seen on this forum. .
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02-05-2010, 05:15 PM
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#77
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Yes, pity the poor guy who has to w*rk and cannot enjoy his stash. Let's see, what is 4% SWR of his $22 billion stash?
Actually, I cannot see Larry w*rking very hard. A job like his might be just a break from all the sailing and what else he's doing.
Among all billionaires, I mentioned Larry because he appeared to know how to enjoy his money more than others, such as Bill Gates and Warren Buffet. I believe Paul Allen is also a good spender.
Heh heh heh... Some people do realize that they cannot take it with them.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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02-05-2010, 05:38 PM
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#78
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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 unclemick
Thanks. Midwest. I suspect if I went back to New Orleans as new comer bare bones bones would be low 30's before the extras. Just observing from my many recent trips back to visit - versus established like W2R.
heh heh heh - housing and medical are very competitive here compared to some other posts I've seen on this forum. .
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I think you're right. It seems to be a lot more expensive in New Orleans than in Springfield, anyway (especially since the storm).
__________________
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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02-17-2010, 12:12 PM
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#79
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Here's a different perspective.
I dug up the old threads...
http://www.early-retirement.org/foru...5-a-19096.html
http://www.early-retirement.org/foru...6-a-24833.html
http://www.early-retirement.org/foru...7-a-32212.html
(No 2008. I guess we didn't want to relive our 2008 spending numbers?)
http://www.early-retirement.org/foru...9-a-48408.html
... and consolidated most of the info into this table. Although not every single expense is listed here, and I consolidated a few subcategories, this covers at least 90% of our recurring expenses.
Category/Year | 2005 | 2006 | 2007 | 2008 | 2009 | Kid's allowance | 500 | 825 | 956 | 1265 | 1485 | Kid's school | 2750 | 1500 | 2055 | 2735 | 1140 | Kid's sports | 1150 | 1925 | 1338 | 1730 | 2062 | Adult clothing | 200 | 225 | 514 | 302 | 257 | Computer (incl DSL) | 1000 | 875 | 2570 | 1274 | 1871 | Dining | 1500 | 2000 | 2113 | 2019 | 2026 | Entertainment | 525 | 425 | 1387 | 762 | 727 | Nords taekwondo | 2000 | 3200 | 1445 | 1808 | 1778 | Gifts given | 200 | 500 | 1109 | 327 | 544 | Groceries | 6000 | 5800 | 6016 | 6685 | 7381 | Furniture | 1100 | 0 | 2073 | 1613 | 995 | Pets | 170 | 250 | 315 | 194 | 159 | Tchotchkes | 100 | 275 | 121 | 42 | 114 | Home repair/imp | 7800 | 2200 | 3236 | 5177 | 1945 | Car insurance | 775 | 750 | 744 | 851 | 727 | Home insurance | 900 | 900 | 354 | 817 | 946 | Liability insurance | 600 | 650 | 706 | 669 | 844 | Investment expenses | 250 | 250 | 211 | 61 | 271 | IRAs | 8000 | 3872 | 2605 | 3364 | 2000 | Medical & dental | 750 | 1200 | 1020 | 1939 | 1359 | Mortgage interest | 18800 | 18300 | 18052 | 18093 | 15594 | Mortgage principal | 4300 | 4800 | 5130 | 5413 | 4396 | Federal taxes | 6000 | 6200 | 1063 | 2670 | 1852 | Property taxes | 3800 | 4425 | 4598 | 4562 | 4551 | Gas | 1100 | 1400 | 1262 | 1215 | 847 | Car repairs & service | 650 | 2600 | 2826 | 1694 | 1435 | Electricity | 750 | 425 | 304 | 404 | 353 | HOA dues | 300 | 350 | 360 | 378 | 384 | Phone | 325 | 350 | 507 | 335 | 427 | CATV | 425 | 525 | 565 | 595 | 624 | Water & sewer | 800 | 850 | 944 | 997 | 1058 | Vacations | 5600 | 5800 | 13813 | 3114 | 9448 | Total | $79,120 | $73,647 | $80,312 | $73,104 | $69,600 |
One interesting aspect is how little can be seen of the effects of inflation. Over 20-30 years it'd be very clear, even if the CPI was "just" 3.5%, but over five years our other spending variations are far more significant. The clearest trends are our homeowner's association dues, which have managed to climb at an annual rate of 5.1%, our CATV bill at 4.4%, and our water/sewer bill at 5.7%. Another clear trend is a growing teen, but we'll take care of that problem in just 171 more days.
Mortgage rates have had a big impact too. We refinanced our mortgage in late 2004, just before this data started, and then refinanced again in early 2009. Over the last decade we've refinanced our home and our rental several times and dramatically lowered our payments. Over 30 years, this effect will be more significant to portfolio survivability than a COLA pension and probably more significant than any other spending reduction.
And now that I've figured out the table formatting I should be able to just add a new column each year.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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02-17-2010, 05:35 PM
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#80
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,519
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Quote:
Originally Posted by Nords
Category/Year | 2005 | 2006 | 2007 | 2008 | 2009 | Property taxes | 3800 | 4425 | 4598 | 4562 | 2448 |
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Thanks for sharing a great data point.
Did you sell property or did property taxes go down over the past two years?
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