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Old 09-08-2021, 06:56 PM   #41
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Originally Posted by RobbieB View Post
No budget, just estimated expenses.
There's deposits, we pay the bills and a little math gets me to the average spend. Without any travel we are running about 3K a month. My GOC is simply broken when it comes to the finer details.
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Old 09-08-2021, 07:13 PM   #42
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I don’t really budget either, but I do have accounts linked to Personal Capital and it’s pretty easy to glance at where my spending is and have a sense how large one-off expenses average out.

I didn’t include taxes because we have the option to not pay any right now. Or, pay a lot by converting to Roth (and saving later). It’s pretty detached from our month-to-month expenses.

As for property tax and car insurance prices, I’m in NC (Triangle area). County rate is .60 and town .35 (per $100 assessed value). I can’t believe what some areas are charging. Small wonder we have so many transplants
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Old 09-08-2021, 11:11 PM   #43
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When I look at the OPís categories I spend 1200/month. I have other expenses of course such as pet insurance, food, vet expenses, my health insurance, medical bills, etc. My property taxes in Reno are 35/month on a condo I recently paid 211k for. Retired Happy, I spent my career in human services and services are definitely lacking. I worked in both Wisconsin and Kansas in my field and was shocked when I arrived here. Our homeless population has really increased. Homeless people are camping by the river, in Idlewild park, downtown, etc . If you go to the park early in the morning to walk you will see them.
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Old 09-09-2021, 05:13 AM   #44
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About $1325 for all expenses, except food and large item things we buy. We have never used a budget and haven't in retirement either. I had to go back 5 years ago when preparing what are expenses were for a month/year for retirement projection. I had to adjust some but monthly expenses are now ~1325$.
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Old 09-09-2021, 08:35 AM   #45
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I don't budget in retirement either, but it seems like my basic monthly expenses, on average, are around $2000/month or a bit less.

But that depends on how you account for predictable recurring expenses. For instance, I plan to buy a new AWD hybrid Mustang 🐎 in the next year or two, whenever Ford gets around to making them. Unlikely to be a car loan; I'll shuffle some investments into checking and just pay cash.
So I could attribute $500/month to that eventual expense...
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Old 09-09-2021, 08:40 AM   #46
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I saw some later replies about including income taxes as an expense.
So if I do that, my basic expenses go from $2000/month to around $4500/month...
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Old 09-09-2021, 08:48 AM   #47
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Our "Essentials" budget is around $5500/mo. No mortgage, but includes $1500/mo for healthcare. Taxes are around $650/mo.
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Old 09-09-2021, 08:52 AM   #48
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The question is pointless if the goal is some sort of comparison.

Does it not depend on where you happen to live and on your standard of living or how you live? Married, single, supporting others.

Our itemized budget, if we even had one, would be of no use to anyone. How can you compare cost of living or budget in East Rubber Boot to that of NYC or SFO?
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Old 09-09-2021, 09:17 AM   #49
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Originally Posted by brett View Post
The question is pointless if the goal is some sort of comparison.

Does it not depend on where you happen to live and on your standard of living or how you live? Married, single, supporting others.

Our itemized budget, if we even had one, would be of no use to anyone. How can you compare cost of living or budget in East Rubber Boot to that of NYC or SFO?
All true, but it's fun (for some of us) to talk about. YMMV
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Old 09-09-2021, 09:36 AM   #50
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Our expenses total around $3200 per month..that includes food, spending money, Health Insurance utilities etc. It does NOT include taxes.


This obviously doesn't include discretionary spending, restaurants, vacations, home repair etc.


We typically end up spending around 5k per month.
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Old 09-09-2021, 10:16 AM   #51
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Join Date: May 2015
Location: NorCal
Posts: 261
Average total expenses over the past 5 yrs $4500-5000/month

Mortgage: $0
HOA: $200 (Planned Unit Development)
Property Tax: $580
Home Owner Insurance: $109
Electric & Gas: $75
Car Insurance:$90
Internet: $0 (use mobile as hotspot)
Water/sewer/trash: $145
Mobile: $41
Obamacare: $1145 (before subsidy - reconciled when I file taxes)
Rental Property: $990

Total: $3375
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Old 09-09-2021, 11:07 AM   #52
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MONTHLY EXPENSES
Auto (insurance, taxes, maintenance) $216
Health Insurance $837
Home & umbrella insurance $83
Property tax $634
Utilities (electricity, water, internet) $198
Gym $50
Total $2,019 per month

Add $20K for new roof and new tires this year
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Old 09-09-2021, 11:35 AM   #53
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I (single person) definitely run a budget each month for the expenses that I know I will have they are:

Mortgage - 0
Kia - 310
Auto and house insurance - 190
Electric - 150 during the summer, down to 80 during the winter
Health Insurance Part G - 177
Prop. Tax - 125
Dish - 85
Internet - 85

Totals to about $1120. Gives me about another $1000 for food, gas, stuff from SS check. If I need more than that, I can take dividends from my Roth IRA; otherwise the dividends either get reinvested, or put in a money market for future major expenses.
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Old 09-09-2021, 01:40 PM   #54
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Current spend. Just retired. 2 of us in OH. There's a small amount each month for entertainment ($150), but we budget $25k/year for blow that dough/travel stuff.

Auto 1,559
Clothes 500
Pets 200
Food 2,000
Gifts 954
Health / Beauty 175
House 2,862
Entertainment 150
Misc 1,000
Insurance 372
Medical 200
Cell Phone 166
Utilities 272
Internet 208
Taxes 826

TOTAL EXP 11,444
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Old 09-09-2021, 02:13 PM   #55
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Quote:
Originally Posted by brett View Post
The question is pointless if the goal is some sort of comparison.

Does it not depend on where you happen to live and on your standard of living or how you live? Married, single, supporting others.

Our itemized budget, if we even had one, would be of no use to anyone. How can you compare cost of living or budget in East Rubber Boot to that of NYC or SFO?
Maybe not to you, but it might be useful to the OP. No need to poop on their parade.
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Old 09-09-2021, 05:07 PM   #56
Thinks s/he gets paid by the post
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Join Date: Apr 2013
Location: Gosport, IN
Posts: 1,069
Budget:

Mortgage: $0

County Tax:$80

Home Insurance: $90

Electric: $235

Internet: $40


Gas autos: $80

Water/Sewer/trash: $50

Yard maintenance: $30


Mobile Phones -2: $35

Insurance (2 cars) $80

Total: $720

Medicare/Plan G $480
Dental - 250
Food - home and away $600
Travel - $800
Gifts - $300
Amortized maintenance items - $400

All in $3550
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Old 09-09-2021, 05:24 PM   #57
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So far this year, we average $11,707 per month, including taxes and health insurance and necessary living expenses, excluding savings and entertainment, etc. Taxes are by far the largest part of that.
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Old 09-09-2021, 05:58 PM   #58
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Food has been in flux, but this is pretty accurate for 2 in Dallas, home owned.
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Old 09-09-2021, 06:04 PM   #59
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We don't budget and we don't track expenses - we just make certain there is enough in the checking account.

I'm curious as I don't see most folks "budgeting" for replacement costs: Appliances, roof, HVAC, driveway, plumbing, exterior painting, interior rehab, cars, etc. YMMV
We just save our monthly excess and it accumulates into a fund big enough to cover those "lumpy expenses."

I'm still amazed that we can life so comfortably and still sock away a good chunk every month.
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Old 09-09-2021, 06:09 PM   #60
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Yeah taxes are a big part. My Fed & State estimates are over a grand a month.

Throw in property tax and we're $1500/mo. And look out for the sales tax!
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