Perhaps I have shown you mine so now show me yours?quantAndHold wrote: ↑Tue Jan 18, 2022 2:36 pm I’m not sure what the point of this is. You have $34k in spending listed, but your home appears to be underinsured, and you have every category that fits into “things that could go wrong” zeroed out. I can guarantee that at least some things (health, dental, home repair, car) will actually go wrong, and you will have expenses in those categories, probably large expenses. “My wife or daughter will pay for it” is fine as a way to pay for that kind of stuff as long as they agree to it, but the “nothing will go wrong” budgeting method will never produce a very accurate budget.
Yes I have said the house is under insured and should consider increasing it. Perhaps double or 3X. But the bare ashes cleared site would be worth $40K for the lot, $10K for the water and $7K for the septic and 25K for the fire proof foundation so after a fire would be worth $82K as is.
I have not let insurance bleed me to death.
I have health well covered. My wife had a complete knee replacement this year. My cost $500.
Yes some other things will unexpectedly go wrong like my daughter smacking her car into a maple tree and needing one of our vehicles for a month.
Two of my daughters are GS 13s and make double anything I have ever made.
We pay dental out of pocket. Not cheap but lately about $700 per year.
I have not budgeted with a "nothing can go wrong" attitude just listed the know expenses with those unknowns left to the excess of income over known expenses.