What was your 2024 total spending amount?

[albundyz]

live in southern california....... $107,000

 

[robnplunder]

It is about $105k. The top five are Mortgage, Golf, Property Tax, Insurance, and DS/DIL. We came below our budget without trying.

 

[donheff]

It is interesting to see such a diverse group of happy retirees with spending ranging from frugal beyond my comprehension to substantially higher than DW and me in our HCOL city center.

 

[Dtail]

Will come in at about 98k which will be our highest retirement spend. Next year budget at 123k.

 

[FLSUnFIRE]

Year isn't over but my total expenses will settle out at about $53k and change. Actual cash-flow out was about $45 as about $8k was covered by PTC. This includes an A/C replacement $9K and unexpected replacement of car tires that de-laminated at 42k miles; if those were amortized cash-basis would be in the upper $30s. House is owned free and clear so add in ~$2k/mo if imputed rent gets you excited.

 

[freedomatlast]

$445,424.10 so far, with a few more days to go in 2024. A couple of nice vacations, a new sports car, a dedicated garage to keep 5 or 6 of them in and a couple of rental improvements added up fast.

 

[big-papa]

2024 is the first full year of retirement and the baseline spending for us will probably come out at around $115K including taxes.
Not included in the above: New car purchased in August. Also not included will be taxes on the Roth conversion I'm executing today but the tax will be paid in 2025 anyway.

Overall, significantly less than I thought. New Year's resolution will be to stop kicking myself for not retiring earlier than I did & to try and convince DW that we need to spend more on fun things.

 

[Kabowest]

$38k and change (one person)

 

[ShokWaveRider]

Close to 80k for us total for the year. No mortgage, no debt in North East Florida. Our budget was $150k, hopefully we will meet it in 2025. This includes vacation spending.

 

[Lewis Clark]

Looks like about $223,000 for the year all in. Two people, with a house in Florida and a condo in Ohio.

This includes almost $70,000 in lumpy expenses: new car (replaced a 15 year old car), new condo HVAC, five new appliances, and a personal record for out-of-pocket medical expenses.

 

[CincyDave]

Looking to come in around $215K. No house or car payments. Big ticket items include travel, taxes and gifts.

 

[Flieger]

A little over $150k, not including taxes. But I did not retire until the end of September this year and we did an Alaska Cruise. Planned budget next year is $110k.

Flieger

 

[street]

I never have gauged our expenses since we have retired. I gauge our WR for the year and will wait till next week to do that. Money, we live on, all expenses come from one account source, so there is income money going in and going out for a WR percentage from start of 2024 to last day of 2024.

 

[jim584672]

Under $16K again.

 

[jebmke]

still 4 days left -- so I have no idea

 

[Tadpole]

57% of my "spending" was taxes which means I spent less on non tax stuff, including insurance, than I did on taxes.

 

[DektolMan]

Usually 70k, this year 120k+ New car, new roof, driveway etc etc

 

[bigcmagor]

$492k. Top three are new cars $172k, taxes $112k and gifts $92k. My bride liked her ZL1 camaro so much we bought a second one for our winter home. There's something about pretty women in fast cars.

 

[cheyrl]

55k in a LCOL area, which includes property taxes which are our largest monthly bill. I bought a new car, so down payment and several monthly payments are included. DH had some dental expenses. We could have had a larger number if we had travelled, but DH's back pain prevented it this year.

 

[FlaMariner]

$154,000

top two categories....
Travel 14%
Government 10%

Travel is our ER priority so glad to see that at #1.....always surprised at how much it takes to feed government (property taxes, federal taxes, biz license, car registration fee...and that number does not include sales tax).

 

[TheWizard]

I don't track expenses, so I'd have to do a topdown computation of gross income minus how much went into investments...

 

[RetiredHappy]

Since you asked... about $300K including taxes in MCOL area. Discretionary spending is probably much larger than non-discretionary spending. Main expenses are country club, lots of travel (about 3 months) and golfing 3 to 4 times a week while traveling, eating out at sit-down restaurants daily, full medical costs (non-subsidized pre-Medicare insurance for 1 while the other is on Medicare, plus concierge), expensive home upkeep - high HOA etc. No Roth conversion since we are taxed at higher tax bracket already.

Oops, I forgot about a new car that we bought on Oct 31st. $350K.

 

[Sue J]

Adding the $2 lottery ticket i'm getting tomorrow as my final expense of the year I will come in at a grand total of $11,191. Unless of course I win the lottery tomorrow, then i'll spend more than that in the last 2 days of the year.

I'm always interested in your posts about your expenses!

Ours will be just about $39,000 for our normal monthly expenses. Then we have had some one time lumpy things costing about $9,000. Those were mostly plumbing repairs, car stuff, 529 contributions for the grandkids and my first and only cruise.

Even after all the inflation, we are living quite comfortably for under $50,000. No mortgage, no debt in a medium cost of living area. Our withdrawal rate is a negative...we are still stashing away excess money every month.

SWEET!

(But I probably shouldn't be saying this out loud. There's still a few days left in 2024 and as we have all learned, stuff breaks and sh!t happens).

 

[aaronc879]

Year isn't over but my total expenses will settle out at about $53k and change. Actual cash-flow out was about $45 as about $8k was covered by PTC. This includes an A/C replacement $9K and unexpected replacement of car tires that de-laminated at 42k miles; if those were amortized cash-basis would be in the upper $30s. House is owned free and clear so add in ~$2k/mo if imputed rent gets you excited.

$9K for A/C? Is that just for a single central air unit with existing vents? That seems high. My central air is over 20 years old and worried I will have to pay around $5K to replace it soon. If it's $9K i'll probably just get a couple window units or live 95% of the Summer in my basement.

 

[imjustawarrior]

Looks like ours was on the higher end compared to everyone else. We have had no debt for almost 20 years. Although, we have 2 kids in college and 1 in HS. Our expenses will drop a lot in ~6 years once they are launched.