What’s Your 2023 Budget?
Re: What’s Your 2023 Budget?
Family of 4.
Expect to spend (roughly):
education - 50k
mortgage - 33k
misc - 30k
travel - 30k
groceries/alcohol - 25k
child care things - 20k
property taxes - 18k
car/home insurance - 5 k
utilities/phone - 5k
~225k
Expect to spend (roughly):
education - 50k
mortgage - 33k
misc - 30k
travel - 30k
groceries/alcohol - 25k
child care things - 20k
property taxes - 18k
car/home insurance - 5 k
utilities/phone - 5k
~225k
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Re: What’s Your 2023 Budget?
I expect to spend no more than $24K in 2023.
Just me.
Just me.
Age < 59.5. Early-retired. AA ~55/45. Taxable account and Roth IRA and HSA ... all 100% equities. 100% fixed income in tax-deferred. I spend from taxable and re-balance in tax-deferred.
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Re: What’s Your 2023 Budget?
Family of 6 (married couple with 4 children ages 18, 16, 8, and 7). My wife is a stay at home mom with no income. I forecast low on my income for budget purposes. I have my own business along with W-2 income.
Actual 2022 income and expenses. Budget amount in parenthesis.
Gross Income: 12,749 (8,000)
Net Income: 8,587* (5,500)
Expenses:
Charitable contributions: 1,327 (800)
Housing: 1,280 (1,300)
Food: 1,130 (1,200)
Student loans: 212 (231)
Transportation: 473 (400)
Utilities: 469 (480)
Household/misc: 826 (900)
Medical: 151 (150)
Travel: 0 (200)
Total expenses: 5,868
Net savings: 2,719
2023 Budget:
Net Income: 5,500
Expenses:
Charitable contributions: 800
Housing: 1,300
Food: 1,200
Student loans/education: 100
Transportation: 400
Utilities: 480
Household/misc: 900
Medical: 150
Travel: 200
Total expenses: 5,530
Net savings were allocated to Roth IRA, HYSA, extra mortgage payments, and I-bonds. We already did a lump sum for 2023 Roth IRA for self/spouse and delivered gifts of $20k in I-bonds in 2023 for self/spouse.
*After all employment taxes, health/dental insurance premiums, and 457b/SEP IRA retirement contributions. I maxed out 457b (20,500 in 2022) and SEP IRA (11k in 2022) contributions in 2022. I plan to do the same for 2023. I also get a 403b employer contribution.
Charitable contributions: We contribute around 10% of or gross income to our church and local food bank which is important to us.
Housing includes principal, interest, taxes, property insurance, lawn service, and pest control service.
Student loans (FFEL) are now consolidated and on forbearance with government pause and no interest. After consolidation when payments resume, my new student loan payment with be around $74 per month with interest 100% tax deductible. I might qualify for $10k in the Biden forgiveness. I might also qualify for PSLF in 5 years.
Transportation includes car insurance, gas, maintenance, and registration fees. Cars are paid off. Our 18 year old is in college (partial academic scholarship) living at home and is now paying his share of car insurance and gas.
Utilities includes water, sewer, trash, electricity, natural gas, Internet, phone, and cable.
Household/miscellaneous includes clothes, entertainment, cleaning supplies, hygiene, entertainment, school fees, activities, electronics, furniture, and everything else that does not fit into the other budget categories. We used to be more specific but decided to simplify things and just use one big budget category.
Actual 2022 income and expenses. Budget amount in parenthesis.
Gross Income: 12,749 (8,000)
Net Income: 8,587* (5,500)
Expenses:
Charitable contributions: 1,327 (800)
Housing: 1,280 (1,300)
Food: 1,130 (1,200)
Student loans: 212 (231)
Transportation: 473 (400)
Utilities: 469 (480)
Household/misc: 826 (900)
Medical: 151 (150)
Travel: 0 (200)
Total expenses: 5,868
Net savings: 2,719
2023 Budget:
Net Income: 5,500
Expenses:
Charitable contributions: 800
Housing: 1,300
Food: 1,200
Student loans/education: 100
Transportation: 400
Utilities: 480
Household/misc: 900
Medical: 150
Travel: 200
Total expenses: 5,530
Net savings were allocated to Roth IRA, HYSA, extra mortgage payments, and I-bonds. We already did a lump sum for 2023 Roth IRA for self/spouse and delivered gifts of $20k in I-bonds in 2023 for self/spouse.
*After all employment taxes, health/dental insurance premiums, and 457b/SEP IRA retirement contributions. I maxed out 457b (20,500 in 2022) and SEP IRA (11k in 2022) contributions in 2022. I plan to do the same for 2023. I also get a 403b employer contribution.
Charitable contributions: We contribute around 10% of or gross income to our church and local food bank which is important to us.
Housing includes principal, interest, taxes, property insurance, lawn service, and pest control service.
Student loans (FFEL) are now consolidated and on forbearance with government pause and no interest. After consolidation when payments resume, my new student loan payment with be around $74 per month with interest 100% tax deductible. I might qualify for $10k in the Biden forgiveness. I might also qualify for PSLF in 5 years.
Transportation includes car insurance, gas, maintenance, and registration fees. Cars are paid off. Our 18 year old is in college (partial academic scholarship) living at home and is now paying his share of car insurance and gas.
Utilities includes water, sewer, trash, electricity, natural gas, Internet, phone, and cable.
Household/miscellaneous includes clothes, entertainment, cleaning supplies, hygiene, entertainment, school fees, activities, electronics, furniture, and everything else that does not fit into the other budget categories. We used to be more specific but decided to simplify things and just use one big budget category.
Re: Thread: What’s Your 2023 Budget?
Hate to break it to you....College!Wannaretireearly wrote: ↑Mon Jan 16, 2023 2:27 am Well this will force me to put pen to paper!
No debt.
1. Fixed costs incl prop taxes, private school payment, utilities, insurance = $5-6K
2. Discretionary costs: travel, eating out, groceries, = $4-6k
So, around $9 - $12k a month.
I’m looking forward to no private school payments.
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Re: What’s Your 2023 Budget?
Utilities were our largest expense in 2022, including gas, electric, phone, internet, trash removal and water. We've had a very cold January so far and our local utility rates are increasing rapidly for natural gas, so I expect utilities to continue to be a very large expense.
We have extensive travel planned for this year, so are looking forward to that as our largest expense. (I retired a bit over a month ago at age 54. Spouse is retired also.)
We have extensive travel planned for this year, so are looking forward to that as our largest expense. (I retired a bit over a month ago at age 54. Spouse is retired also.)
Re: What’s Your 2023 Budget?
Retired.
No written budget.
Meet expenses as they come.
No written budget.
Meet expenses as they come.
Re: What’s Your 2023 Budget?
Below is our 2022 spending. We are a two person, retired household with a paid off house and getting significant ACA subsidies.
Category YTD
Utilities $ 7,060.65
Taxes (Property & Income) $ 13,000.89
Gifts $ 600.00
Yard $ 3,144.55
House Stuff $ 475.00
Misc. 1 $ 485.00
Misc. 2 $ 1,148.85
Card 1 (Travel and Stuff) $ 84,367.45
Card 2 (Insurances, Gym & Dr.) $ 6,595.87
Card 3 (Groceries & Dining) $ 23,198.00
Clothing Retailer 1 Card $ 1,605.87
Clothing Retailer 2 Card $ 554.39
Debit Card $ 7.09
ATM Withdrawal $ 1,193.73
2022 Total Spend $ 143,437.34
Obviously, Card 1 is where the bulk of our spending lies. In addition to car servicing, gas and some furniture, this line item includes several expensive oversees trips. To call this line item discretionary would be an understatement. I expect our 2023 spend to be similar to 2022.
edited for simplicity
Category YTD
Utilities $ 7,060.65
Taxes (Property & Income) $ 13,000.89
Gifts $ 600.00
Yard $ 3,144.55
House Stuff $ 475.00
Misc. 1 $ 485.00
Misc. 2 $ 1,148.85
Card 1 (Travel and Stuff) $ 84,367.45
Card 2 (Insurances, Gym & Dr.) $ 6,595.87
Card 3 (Groceries & Dining) $ 23,198.00
Clothing Retailer 1 Card $ 1,605.87
Clothing Retailer 2 Card $ 554.39
Debit Card $ 7.09
ATM Withdrawal $ 1,193.73
2022 Total Spend $ 143,437.34
Obviously, Card 1 is where the bulk of our spending lies. In addition to car servicing, gas and some furniture, this line item includes several expensive oversees trips. To call this line item discretionary would be an understatement. I expect our 2023 spend to be similar to 2022.
edited for simplicity
Last edited by printer86 on Sat Jan 21, 2023 9:54 pm, edited 2 times in total.
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Re: What’s Your 2023 Budget?
Single, no kids
Rent: 2835
Food (groceries, restaurants): 880
Helping out parents: 600
Insurance (auto+umbrella +renters + long term disability): 492
Utilities (water, electricity, PG&e, internet): 456
Transportation (gas, car payment, uber): 387
Vacation fund: 280
Facial care (really bad acne): 215
Body care: 66
Cleaning supplies, household supplies: 62
Amazon prime, skype: 45
Haircare: 29
Total Monthly: $6347
Total annual: $76,000
Rent: 2835
Food (groceries, restaurants): 880
Helping out parents: 600
Insurance (auto+umbrella +renters + long term disability): 492
Utilities (water, electricity, PG&e, internet): 456
Transportation (gas, car payment, uber): 387
Vacation fund: 280
Facial care (really bad acne): 215
Body care: 66
Cleaning supplies, household supplies: 62
Amazon prime, skype: 45
Haircare: 29
Total Monthly: $6347
Total annual: $76,000
Re: What’s Your 2023 Budget?
This has been really interesting, so I'll share too. For the last couple years I've been making a concerted effort to track accurately, so that I'm clear on my expenses (retirement is getting close).
I live in a MCOL area, no spouse, no kids-- but I do have horses, and that's a big category. Income is around $130K (depending on variable bonus)
Insured through employer, and it comes out via payroll, as does 401K contribution.
Expenses
Housing- mortgage 14,400
electric, water, trash, dish 5,880
internet, cell 400
home insurance 2,100
property taxes 4300
yard care/upkeep 1200
mower repair, accrual 800
routine repairs and AC service 1000
Housing Total 30,080
Groceries 5700
Dining out 1500
subscripts, memberships 850
Pet expense 1500
housekeeper 2800
household stuff and improvements 1200
recreation 1000
garden 500
Guns, ammo 500
gifts 600
Charity/church beyond trust 2500
vacations and adventures 3000
Christmas 1350
living Expense Total 23000
car payment/accrual 3300
auto insurance 1800
routine maintenance-car, truck, trailer 1500
fuel 1200
toll tag 120
registrations- 3 vehicles 500
Auto Total 8420
medical coverage 4500
medical deductable and expense 1000
2nd dental premiums 450
2nd dental deductable 150
dermatologist 1500
vitamins and supplements 800
prescriptions 500
Health Care -Total 8900
Horse feed 3600
bedding 2700
alfalfa and coastal 4500
Farrier 4500
Routine vet/dentist 2200
Minor maintenance/repairs 800
Prescription meds 1300
Fly Control 1200
Training 15000
Supplies, supplements 1500
Chickens 600
Horses- total 37900
little emergencies/unplanned 10000
Total Expenses 118,300
So I fall in with those who have high living expenses. The horses are a big part of it-- without them I'd be at about 80K annually. I also relate to those who have seen inflationary impacts (groceries up 20%, electric bill up 40%, hay for horses about 45% higher than last year, etc). Those increases stack up against a tiny/negligible pay increase. If/when those costs normalize, I'll be much more comfortable with my expenses. Until then I skip some things-- the vacation, the dermatologist. But I'm not skipping wine. These days wine seems like a necessity.
I live in a MCOL area, no spouse, no kids-- but I do have horses, and that's a big category. Income is around $130K (depending on variable bonus)
Insured through employer, and it comes out via payroll, as does 401K contribution.
Expenses
Housing- mortgage 14,400
electric, water, trash, dish 5,880
internet, cell 400
home insurance 2,100
property taxes 4300
yard care/upkeep 1200
mower repair, accrual 800
routine repairs and AC service 1000
Housing Total 30,080
Groceries 5700
Dining out 1500
subscripts, memberships 850
Pet expense 1500
housekeeper 2800
household stuff and improvements 1200
recreation 1000
garden 500
Guns, ammo 500
gifts 600
Charity/church beyond trust 2500
vacations and adventures 3000
Christmas 1350
living Expense Total 23000
car payment/accrual 3300
auto insurance 1800
routine maintenance-car, truck, trailer 1500
fuel 1200
toll tag 120
registrations- 3 vehicles 500
Auto Total 8420
medical coverage 4500
medical deductable and expense 1000
2nd dental premiums 450
2nd dental deductable 150
dermatologist 1500
vitamins and supplements 800
prescriptions 500
Health Care -Total 8900
Horse feed 3600
bedding 2700
alfalfa and coastal 4500
Farrier 4500
Routine vet/dentist 2200
Minor maintenance/repairs 800
Prescription meds 1300
Fly Control 1200
Training 15000
Supplies, supplements 1500
Chickens 600
Horses- total 37900
little emergencies/unplanned 10000
Total Expenses 118,300
So I fall in with those who have high living expenses. The horses are a big part of it-- without them I'd be at about 80K annually. I also relate to those who have seen inflationary impacts (groceries up 20%, electric bill up 40%, hay for horses about 45% higher than last year, etc). Those increases stack up against a tiny/negligible pay increase. If/when those costs normalize, I'll be much more comfortable with my expenses. Until then I skip some things-- the vacation, the dermatologist. But I'm not skipping wine. These days wine seems like a necessity.
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Re: What’s Your 2023 Budget?
togb wrote: ↑Sat Jan 21, 2023 7:33 pm This has been really interesting, so I'll share too. For the last couple years I've been making a concerted effort to track accurately, so that I'm clear on my expenses (retirement is getting close).
I live in a MCOL area, no spouse, no kids-- but I do have horses, and that's a big category. Income is around $130K (depending on variable bonus)
Insured through employer, and it comes out via payroll, as does 401K contribution.
Expenses
Housing- mortgage 14,400
electric, water, trash, dish 5,880
internet, cell 400
home insurance 2,100
property taxes 4300
yard care/upkeep 1200
mower repair, accrual 800
routine repairs and AC service 1000
Housing Total 30,080
Groceries 5700
Dining out 1500
subscripts, memberships 850
Pet expense 1500
housekeeper 2800
household stuff and improvements 1200
recreation 1000
garden 500
Guns, ammo 500
gifts 600
Charity/church beyond trust 2500
vacations and adventures 3000
Christmas 1350
living Expense Total 23000
car payment/accrual 3300
auto insurance 1800
routine maintenance-car, truck, trailer 1500
fuel 1200
toll tag 120
registrations- 3 vehicles 500
Auto Total 8420
medical coverage 4500
medical deductable and expense 1000
2nd dental premiums 450
2nd dental deductable 150
dermatologist 1500
vitamins and supplements 800
prescriptions 500
Health Care -Total 8900
Horse feed 3600
bedding 2700
alfalfa and coastal 4500
Farrier 4500
Routine vet/dentist 2200
Minor maintenance/repairs 800
Prescription meds 1300
Fly Control 1200
Training 15000
Supplies, supplements 1500
Chickens 600
Horses- total 37900
little emergencies/unplanned 10000
Total Expenses 118,300
So I fall in with those who have high living expenses. The horses are a big part of it-- without them I'd be at about 80K annually. I also relate to those who have seen inflationary impacts (groceries up 20%, electric bill up 40%, hay for horses about 45% higher than last year, etc). Those increases stack up against a tiny/negligible pay increase. If/when those costs normalize, I'll be much more comfortable with my expenses. Until then I skip some things-- the vacation, the dermatologist. But I'm not skipping wine. These days wine seems like a necessity.
This is interesting. I’m sure your horses appreciate you!
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Re: What’s Your 2023 Budget?
legalwriter1 wrote: ↑Sat Jan 21, 2023 10:05 am Family of 6 (married couple with 4 children ages 18, 16, 8, and 7). My wife is a stay at home mom with no income. I forecast low on my income for budget purposes. I have my own business along with W-2 income.
Actual 2022 income and expenses. Budget amount in parenthesis.
Food: 1,200
What kind of food do you eat / where do you buy groceries to be able to live on $1200 a month for a family of 6? I need some tips to reduce my food budget
Re: What’s Your 2023 Budget?
printer86 wrote: ↑Sat Jan 21, 2023 5:45 pm
Card 1 (Travel and Stuff) $ 84,367.45
Card 2 (Insurances, Gym & Dr.) $ 6,595.87
Card 3 (Groceries & Dining) $ 23,198.00
That's an interesting idea, using specific cards for specific expense categories. I've tried to use the card that gives the most cash back for the category, but it seems like lately there's not a big difference from one card to the next. This is something that might simplify my tracking.
- whodidntante
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Re: What’s Your 2023 Budget?
I'd have to know my income and my expenses, and everything.
I do look retroactively at spending sometimes.
I do look retroactively at spending sometimes.
Re: What’s Your 2023 Budget?
This is going to be a weird year for us as all of our big home improvement projects are done (been doing them for the last 3 years) and we have 2 newer cars. I am unsure what our "normal" spending will be like, may have to look at travel spending as we will have significantly more available cash to spend, but even still I can't fathom just spending what we've put towards the house/cars on stuff/travel.
Normal month to month spending, not counting health insurance as that is taken out of the mrs's paycheck has been pretty consistent between $3k-3.5K (for 2 people). After paying taxes we still saved (not counting the mrs's mandatory pension contribution) $111K last year and spent a net $22k on a car (new car $32k less $10k from selling old car) and another $26K on house improvements.
This will be the first time in our lives where we feel we are saving enough, spend freely on what we want to spend on and will still have $ left over. I've got a weird cost benefit thing going on inside my head whenever I think of spending money which means I don't usually want to spend it. I suspect it will be a much bigger problem for me when I actually quit work and have to start spending savings.
Normal month to month spending, not counting health insurance as that is taken out of the mrs's paycheck has been pretty consistent between $3k-3.5K (for 2 people). After paying taxes we still saved (not counting the mrs's mandatory pension contribution) $111K last year and spent a net $22k on a car (new car $32k less $10k from selling old car) and another $26K on house improvements.
This will be the first time in our lives where we feel we are saving enough, spend freely on what we want to spend on and will still have $ left over. I've got a weird cost benefit thing going on inside my head whenever I think of spending money which means I don't usually want to spend it. I suspect it will be a much bigger problem for me when I actually quit work and have to start spending savings.
Re: What’s Your 2023 Budget?
HCOL? Doesn't seem possible. How a family of four can live on $43,800 per year is beyond me.TinyHouse wrote: ↑Mon Jan 16, 2023 12:01 am Here’s our monthly budget for family of four, kids under age 10, HCOL, ~$1.5M portfolio, no debt, north of $200k annual income, we eat very high quality food, living in trailer on paid off bare land (budget was similar last year except we were paying more for housing previously):
Living/Utilities 600
Phones, vehicles 300
Food & Food related 2000
Medical 250
Miscellaneous 500
Total 3650
Will be using some income to start building in the coming year or two. We’ve kept everything pretty low-key so far.
What’s your budget for this year?
Where is this house that fits 4 in a HCOL area that only costs $600 all in? Homeowners insurance, gardening (or HOA), electric, internet, property taxes, trash, water, house maintenance... all for $600 in HCOL?
Medical insurance for a family of 4 for $250 per month? What State is this? I pay $821 per month just for me. That is the lowest possible price in all of Florida for someone my age on the healthcare exchange.
Where is your budget for clothing? Do you ever buy furniture? Do you ever travel or take a vacation? Do you have any education expenses for your kids?
Now this makes more sense for a family of 4 in a HCOL
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Re: Thread: What’s Your 2023 Budget?
I’ve got 2-3 years of public school college expenses in 529s for each kid. I can’t wait foreverkeith6014 wrote: ↑Sat Jan 21, 2023 10:09 amHate to break it to you....College!Wannaretireearly wrote: ↑Mon Jan 16, 2023 2:27 am Well this will force me to put pen to paper!
No debt.
1. Fixed costs incl prop taxes, private school payment, utilities, insurance = $5-6K
2. Discretionary costs: travel, eating out, groceries, = $4-6k
So, around $9 - $12k a month.
I’m looking forward to no private school payments.
“At some point you are trading time you will never get back for money you will never spend.“ |
“How do you want to spend the best remaining year of your life?“
Re: What’s Your 2023 Budget?
togb wrote: ↑Sat Jan 21, 2023 10:04 pmPrinter86 Response Below -printer86 wrote: ↑Sat Jan 21, 2023 5:45 pm
Card 1 (Travel and Stuff) $ 84,367.45
Card 2 (Insurances, Gym & Dr.) $ 6,595.87
Card 3 (Groceries & Dining) $ 23,198.00
That's an interesting idea, using specific cards for specific expense categories. I've tried to use the card that gives the most cash back for the category, but it seems like lately there's not a big difference from one card to the next. This is something that might simplify my tracking.
All of our spending is a result of debits from our joint checking account. Aside from the few ATM withdrawals, and the one time I accidentally used my debit card, all of our 2022 transactions are either checks or EFTs.
Of our 3 credit cards, cards 2 and 3 have specific purposes. Card 1 is where everything else goes. Card 3 offers a larger cash back reward for groceries and dining. Card 2 is tied to my insurance company (USAA). So, that's where we put all our insurance and any medical service payments. This allows me to easily track deductible medical costs if I ever choose to reimburse myself thru an HSA a withdrawal.
I can easily pull a detailed transaction report on my credit card websites if I want to dig deeper into our purchasing habits.
Re: What’s Your 2023 Budget?
Yes, mine is considered VHCOL.sperry8 wrote: ↑Sun Jan 22, 2023 1:36 amHCOL? Doesn't seem possible. How a family of four can live on $43,800 per year is beyond me.TinyHouse wrote: ↑Mon Jan 16, 2023 12:01 am Here’s our monthly budget for family of four, kids under age 10, HCOL, ~$1.5M portfolio, no debt, north of $200k annual income, we eat very high quality food, living in trailer on paid off bare land (budget was similar last year except we were paying more for housing previously):
Living/Utilities 600
Phones, vehicles 300
Food & Food related 2000
Medical 250
Miscellaneous 500
Total 3650
Will be using some income to start building in the coming year or two. We’ve kept everything pretty low-key so far.
What’s your budget for this year?
Where is this house that fits 4 in a HCOL area that only costs $600 all in? Homeowners insurance, gardening (or HOA), electric, internet, property taxes, trash, water, house maintenance... all for $600 in HCOL?
Medical insurance for a family of 4 for $250 per month? What State is this? I pay $821 per month just for me. That is the lowest possible price in all of Florida for someone my age on the healthcare exchange.
Where is your budget for clothing? Do you ever buy furniture? Do you ever travel or take a vacation? Do you have any education expenses for your kids?
Now this makes more sense for a family of 4 in a HCOL
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Re: What’s Your 2023 Budget?
Is vacation encoded into Miscellaneous? Tough to believe that with such nice portfolio and HHI your family doesn't have this categoryTinyHouse wrote: ↑Mon Jan 16, 2023 12:01 am Here’s our monthly budget for family of four, kids under age 10, HCOL, ~$1.5M portfolio, no debt, north of $200k annual income, we eat very high quality food, living in trailer on paid off bare land (budget was similar last year except we were paying more for housing previously):
Living/Utilities 600
Phones, vehicles 300
Food & Food related 2000
Medical 250
Miscellaneous 500
Total 3650
Re: Thread: What’s Your 2023 Budget?
And with you saving one year of spending every year, as well as having the mortgage paid off, you re in a very good position.
Congratulations.
Re: Thread: What’s Your 2023 Budget?
Thanks.
Actually, I am financially independent. I can retire at any time now.
KlangFool
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Re: What’s Your 2023 Budget?
That is wise, practicing retirement spending, prior to retiring.by Marseille07 » Mon Jan 16, 2023 9:55 am
My budget is my planned WR out of my portfolio even though I'm not withdrawing. This allows me to save up quite a bit as well as get a feel for retirement life in terms of the volatility of budget.
My annual spending is my RMD % times my recent annual total portfolio value, plus dividends and interest--the RMD spending method. 4.05% is this year's WD percentage.
- AnnetteLouisan
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- Location: New York, NY
Re: Thread: What’s Your 2023 Budget?
Congratulations, KF! Well done!KlangFool wrote: ↑Sun Jan 22, 2023 8:06 pmThanks.
Actually, I am financially independent. I can retire at any time now.
KlangFool
And by the way with all the tech layoffs lately I think it’s very big of you never to have said “I told you so,” as some mere mortals would have.
- retireIn2020
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Re: What’s Your 2023 Budget?
I'm retired and drawing from my portfolio; I only use two categories for simplicity.
Non-Discretionary and Discretionary. My (conservative) savings withdrawal rate sets the amount of my budget.
Monthly budget.
Non-Discretionary = $2500
Discretionary = $3450
Non-Discretionary and Discretionary. My (conservative) savings withdrawal rate sets the amount of my budget.
Monthly budget.
Non-Discretionary = $2500
Discretionary = $3450
https://www.merriam-webster.com/dictionary/abide
Re: What’s Your 2023 Budget?
2 of us - retired. Debt free. $5k/month. We rarely spend that much.
Re: Thread: What’s Your 2023 Budget?
would you mind sharing what you get at Sam's vs Costco or vise versa?gwanghoops wrote: ↑Tue Jan 17, 2023 1:00 am My actual expenses in 2022 at roughly $5500/mo.
Retirement budget is $8700/mo which includes $2000/mo travel which we haven't done.
SS @ 70 & pension should cover this conservatively.
Retired and wife will retire this year.
Costco & Sams Club $906
Household $748
Leisure $546
Property Tax $470
Vacation $467
LTC Insurance $355
Healthcare (out of pocket) $281
Food + Dining Out $244
Electronics $156
TV & Internet $136
Homeowners Insurance $127
Car Insurance $117
Life Insurance $115
Car Maintenance $114
Guns / Shooting $98
Exercise $95
Cell Phones $80
Natural Gas $79
Water $68
DMV $56
Trash $39
Macy's $30
Computer / Software / Internet $29
Umbrella Policy $20
Alarm $20
Total $5400/mo
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Re: What’s Your 2023 Budget?
Family of 4 in VHCOL area
With inflation, food costs are up 20-30%+
Spent $13-14K / month last year and expect about the same this year, though we are traveling more now the kids are in teenage years so that could drive $$ up
With inflation, food costs are up 20-30%+
Spent $13-14K / month last year and expect about the same this year, though we are traveling more now the kids are in teenage years so that could drive $$ up
Re: What’s Your 2023 Budget?
Your yearly budget appears to be on the high side.
Note:
Education & child care - these things happen in life.
After subtracting the above - 155k : looks more normal.
Housing related - nothing unusual.
Isn't insurance a little too high? Expensive auto insurance?
Misc - means anything.
If groceries/alcohol includes restaurants, it looks normal.
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Re: Thread: What’s Your 2023 Budget?
You got me there...Costco & Sams Club are broken out differently than Food because it's very difficult to categorize each purchase at warehouse clubs.erishera wrote: ↑Sun Jan 22, 2023 11:13 pmwould you mind sharing what you get at Sam's vs Costco or vise versa?gwanghoops wrote: ↑Tue Jan 17, 2023 1:00 am My actual expenses in 2022 at roughly $5500/mo.
Retirement budget is $8700/mo which includes $2000/mo travel which we haven't done.
SS @ 70 & pension should cover this conservatively.
Retired and wife will retire this year.
Costco & Sams Club $906
Household $748
Leisure $546
Property Tax $470
Vacation $467
LTC Insurance $355
Healthcare (out of pocket) $281
Food + Dining Out $244
Electronics $156
TV & Internet $136
Homeowners Insurance $127
Car Insurance $117
Life Insurance $115
Car Maintenance $114
Guns / Shooting $98
Exercise $95
Cell Phones $80
Natural Gas $79
Water $68
DMV $56
Trash $39
Macy's $30
Computer / Software / Internet $29
Umbrella Policy $20
Alarm $20
Total $5400/mo
Overall: 60% Costco / 40% Sams Club, totally guessing 40% household supplies, 40% actual groceries, 20% other.
Re: Thread: What’s Your 2023 Budget?
Sorry. I did once in my recent post. I am mere mortal. I will do a better job of not doing it again.AnnetteLouisan wrote: ↑Sun Jan 22, 2023 9:10 pmCongratulations, KF! Well done!KlangFool wrote: ↑Sun Jan 22, 2023 8:06 pmThanks.
Actually, I am financially independent. I can retire at any time now.
KlangFool
And by the way with all the tech layoffs lately I think it’s very big of you never to have said “I told you so,” as some mere mortals would have.
KlangFool
30% VWENX | 16% VFWAX/VTIAX | 14.5% VTSAX | 19.5% VBTLX | 10% VSIAX/VTMSX/VSMAX | 10% VSIGX| 30% Wellington 50% 3-funds 20% Mini-Larry
Re: What’s Your 2023 Budget?
Me too (except almost retired). We've never had a budget and we just spend what we need/want to spend. We don't live extravagantly by any means, but we spend on the things we like to do. Our travel for 2023 is going to be somewhere in the 20k range and I expect it to be somewhere around this high for the foreseeable future while we can travel easily. Have about 6-8 trips planned (not including visiting kids). That's by far our biggest expense. Still have a mortgage for 10 more years.
Re: What’s Your 2023 Budget?
Ah good question, yes Misc covers things like trips, but we don’t do traditional vacations. We camp, hike, visit family or friends, etc. so we might buy some cheap flights now and then, but we don’t pay for hotels, etc.faanger101 wrote: ↑Sun Jan 22, 2023 5:47 pmIs vacation encoded into Miscellaneous? Tough to believe that with such nice portfolio and HHI your family doesn't have this categoryTinyHouse wrote: ↑Mon Jan 16, 2023 12:01 am Here’s our monthly budget for family of four, kids under age 10, HCOL, ~$1.5M portfolio, no debt, north of $200k annual income, we eat very high quality food, living in trailer on paid off bare land (budget was similar last year except we were paying more for housing previously):
Living/Utilities 600
Phones, vehicles 300
Food & Food related 2000
Medical 250
Miscellaneous 500
Total 3650
Misc also includes giving, unexpected things, etc
Re: What’s Your 2023 Budget?
Check out my first post: viewtopic.php?p=6703033#p6703033sperry8 wrote: ↑Sun Jan 22, 2023 1:36 amHCOL? Doesn't seem possible. How a family of four can live on $43,800 per year is beyond me.TinyHouse wrote: ↑Mon Jan 16, 2023 12:01 am Here’s our monthly budget for family of four, kids under age 10, HCOL, ~$1.5M portfolio, no debt, north of $200k annual income, we eat very high quality food, living in trailer on paid off bare land (budget was similar last year except we were paying more for housing previously):
Living/Utilities 600
Phones, vehicles 300
Food & Food related 2000
Medical 250
Miscellaneous 500
Total 3650
Will be using some income to start building in the coming year or two. We’ve kept everything pretty low-key so far.
What’s your budget for this year?
Where is this house that fits 4 in a HCOL area that only costs $600 all in? Homeowners insurance, gardening (or HOA), electric, internet, property taxes, trash, water, house maintenance... all for $600 in HCOL?
Medical insurance for a family of 4 for $250 per month? What State is this? I pay $821 per month just for me. That is the lowest possible price in all of Florida for someone my age on the healthcare exchange.
Where is your budget for clothing? Do you ever buy furniture? Do you ever travel or take a vacation? Do you have any education expenses for your kids?
We live on paid off their land in a tiny house on wheels. You are absolutely right, most people in a HCOL would have nothing to do with what we are doing, let alone be able to spend what we spend. But it’s getting more popular than you think.
Taking trash to the dump is free in our area, and there is hardly any maintenance, only seasonal small things. Property taxes are cheap because we don’t have a house on it.
I’m not retired yet, so we don’t pay anything for medical for family, other than copays or alternative medical treatment or supplements. Quality food and active lifestyle is our medicine/doctor.
We can’t fit any more clothing or furniture in our tiny house lol… we don’t buy much in the way of normal consumer items. Bought a nice used chainsaw recently though!
Education question is discussed in my first post which you can search.
Re: Thread: What’s Your 2023 Budget?
but why do you go to both? is it typical?gwanghoops wrote: ↑Mon Jan 23, 2023 12:39 amYou got me there...Costco & Sams Club are broken out differently than Food because it's very difficult to categorize each purchase at warehouse clubs.erishera wrote: ↑Sun Jan 22, 2023 11:13 pmwould you mind sharing what you get at Sam's vs Costco or vise versa?gwanghoops wrote: ↑Tue Jan 17, 2023 1:00 am My actual expenses in 2022 at roughly $5500/mo.
Retirement budget is $8700/mo which includes $2000/mo travel which we haven't done.
SS @ 70 & pension should cover this conservatively.
Retired and wife will retire this year.
Costco & Sams Club $906
Household $748
Leisure $546
Property Tax $470
Vacation $467
LTC Insurance $355
Healthcare (out of pocket) $281
Food + Dining Out $244
Electronics $156
TV & Internet $136
Homeowners Insurance $127
Car Insurance $117
Life Insurance $115
Car Maintenance $114
Guns / Shooting $98
Exercise $95
Cell Phones $80
Natural Gas $79
Water $68
DMV $56
Trash $39
Macy's $30
Computer / Software / Internet $29
Umbrella Policy $20
Alarm $20
Total $5400/mo
Overall: 60% Costco / 40% Sams Club, totally guessing 40% household supplies, 40% actual groceries, 20% other.
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Re: What’s Your 2023 Budget?
So it’s 6k annually for everything you listed? I also do camping+fishing with my eldest and the weekly price for us is ~1k. Which gives us 4k annual if we do only this type of vacations (and is for 2 ppl instead of 4). Have no clue how it can be 6k annual including flights, giving, unexpected things etcTinyHouse wrote: ↑Wed Jan 25, 2023 9:33 amAh good question, yes Misc covers things like trips, but we don’t do traditional vacations. We camp, hike, visit family or friends, etc. so we might buy some cheap flights now and then, but we don’t pay for hotels, etc.faanger101 wrote: ↑Sun Jan 22, 2023 5:47 pmIs vacation encoded into Miscellaneous? Tough to believe that with such nice portfolio and HHI your family doesn't have this categoryTinyHouse wrote: ↑Mon Jan 16, 2023 12:01 am Here’s our monthly budget for family of four, kids under age 10, HCOL, ~$1.5M portfolio, no debt, north of $200k annual income, we eat very high quality food, living in trailer on paid off bare land (budget was similar last year except we were paying more for housing previously):
Living/Utilities 600
Phones, vehicles 300
Food & Food related 2000
Medical 250
Miscellaneous 500
Total 3650
Misc also includes giving, unexpected things, etc
Re: What’s Your 2023 Budget?
Ever heard of credit card miles?faanger101 wrote: ↑Wed Jan 25, 2023 12:58 pmSo it’s 6k annually for everything you listed? I also do camping+fishing with my eldest and the weekly price for us is ~1k. Which gives us 4k annual if we do only this type of vacations (and is for 2 ppl instead of 4). Have no clue how it can be 6k annual including flights, giving, unexpected things etcTinyHouse wrote: ↑Wed Jan 25, 2023 9:33 amAh good question, yes Misc covers things like trips, but we don’t do traditional vacations. We camp, hike, visit family or friends, etc. so we might buy some cheap flights now and then, but we don’t pay for hotels, etc.faanger101 wrote: ↑Sun Jan 22, 2023 5:47 pmIs vacation encoded into Miscellaneous? Tough to believe that with such nice portfolio and HHI your family doesn't have this categoryTinyHouse wrote: ↑Mon Jan 16, 2023 12:01 am Here’s our monthly budget for family of four, kids under age 10, HCOL, ~$1.5M portfolio, no debt, north of $200k annual income, we eat very high quality food, living in trailer on paid off bare land (budget was similar last year except we were paying more for housing previously):
Living/Utilities 600
Phones, vehicles 300
Food & Food related 2000
Medical 250
Miscellaneous 500
Total 3650
Misc also includes giving, unexpected things, etc
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Re: What’s Your 2023 Budget?
For camping, giving and unexpected things? NopeTinyHouse wrote: ↑Wed Jan 25, 2023 3:49 pmEver heard of credit card miles?faanger101 wrote: ↑Wed Jan 25, 2023 12:58 pmSo it’s 6k annually for everything you listed? I also do camping+fishing with my eldest and the weekly price for us is ~1k. Which gives us 4k annual if we do only this type of vacations (and is for 2 ppl instead of 4). Have no clue how it can be 6k annual including flights, giving, unexpected things etcTinyHouse wrote: ↑Wed Jan 25, 2023 9:33 amAh good question, yes Misc covers things like trips, but we don’t do traditional vacations. We camp, hike, visit family or friends, etc. so we might buy some cheap flights now and then, but we don’t pay for hotels, etc.faanger101 wrote: ↑Sun Jan 22, 2023 5:47 pmIs vacation encoded into Miscellaneous? Tough to believe that with such nice portfolio and HHI your family doesn't have this categoryTinyHouse wrote: ↑Mon Jan 16, 2023 12:01 am Here’s our monthly budget for family of four, kids under age 10, HCOL, ~$1.5M portfolio, no debt, north of $200k annual income, we eat very high quality food, living in trailer on paid off bare land (budget was similar last year except we were paying more for housing previously):
Living/Utilities 600
Phones, vehicles 300
Food & Food related 2000
Medical 250
Miscellaneous 500
Total 3650
Misc also includes giving, unexpected things, etc
Re: What’s Your 2023 Budget?
See highlighted text abovefaanger101 wrote: ↑Wed Jan 25, 2023 7:41 pmFor camping, giving and unexpected things? NopeTinyHouse wrote: ↑Wed Jan 25, 2023 3:49 pmEver heard of credit card miles?faanger101 wrote: ↑Wed Jan 25, 2023 12:58 pmSo it’s 6k annually for everything you listed? I also do camping+fishing with my eldest and the weekly price for us is ~1k. Which gives us 4k annual if we do only this type of vacations (and is for 2 ppl instead of 4). Have no clue how it can be 6k annual including flights, giving, unexpected things etcTinyHouse wrote: ↑Wed Jan 25, 2023 9:33 amAh good question, yes Misc covers things like trips, but we don’t do traditional vacations. We camp, hike, visit family or friends, etc. so we might buy some cheap flights now and then, but we don’t pay for hotels, etc.faanger101 wrote: ↑Sun Jan 22, 2023 5:47 pm
Is vacation encoded into Miscellaneous? Tough to believe that with such nice portfolio and HHI your family doesn't have this category
Misc also includes giving, unexpected things, etc
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Re: What’s Your 2023 Budget?
~$8-$10k/mo for 4 humans and 1 non-human with no mortgage. MCOL. The biggest spend is on the kids. We're mindful of not being wasteful but don't really keep track of any budget. I keep an eye on our savings and go through the credit card statements every month.
Last edited by strummer6969 on Thu Jan 26, 2023 5:14 pm, edited 1 time in total.
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Re: Thread: What’s Your 2023 Budget?
Lots of overlap but neither does everything well (more food + online @ SC but it's 20+ mi away, more everything else @ Costco which is nearby).erishera wrote: ↑Wed Jan 25, 2023 11:08 ambut why do you go to both? is it typical?gwanghoops wrote: ↑Mon Jan 23, 2023 12:39 amYou got me there...Costco & Sams Club are broken out differently than Food because it's very difficult to categorize each purchase at warehouse clubs.
Overall: 60% Costco / 40% Sams Club, totally guessing 40% household supplies, 40% actual groceries, 20% other.
YMMV. Typical? probably not.
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Re: What’s Your 2023 Budget?
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Last edited by Silly Wabbit on Fri Feb 10, 2023 2:12 pm, edited 1 time in total.
Re: What’s Your 2023 Budget?
Oh my goodness. Paying daycare and college tuition in the same year would make me cry.Silly Wabbit wrote: ↑Wed Jan 25, 2023 8:51 pm Mortgage: $51k
Daycare: 39k
Car insurance: $2k
Utilities: $8k
Car loan: $6k
Travel: $35k
College tuition: $62k
Everything else: $72k
Total: $275k
Our expenses will drop substantially in several years as the older kid finishes college and the younger one starts public school!
It's interesting to see the very detailed budgets kept by some. I tried using Mint, but it took to much effort to label transactions.
- Silly Wabbit
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Re: What’s Your 2023 Budget?
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Last edited by Silly Wabbit on Fri Feb 10, 2023 2:12 pm, edited 1 time in total.
Re: Thread: What’s Your 2023 Budget?
$4800 for home maintenance is a “hopeful amount” that I will not spend more on—1% of the purchase price of the house. There are some deferred maintenance items that need to be done around here that if nothing big ticket comes up, I will get fixed. Of course, a handy person could probably do all of the things I want done. I am not handy. Most attempts to be handy end up with me paying someone to fix my mess ups. Last year I was out $15k to install a basement drain tile system/sump pump so I didn’t do a lot of the basic maintenance. Also includes things like gutter cleaning.Grt2bOutdoors wrote: ↑Thu Jan 19, 2023 6:48 pmA budget means you allotted some sum for a particular category. Do you actually spend that allotted amount each and every year? For instance, you have Jags - $4800 for home maintenance, $2K for lawn, $3K for shopping and $3K for gifts. Of the 12.8K, how much are you really spending? The $6K OOP for health, are you really spending it or is that what you are budgeting? Unlike a government zero based budgeting scheme where they actually do spend to the penny what has been budgeted and then start anew the following fiscal year, people have the option to save what is not spent. Those saved dollars could be used in future budgets or not.JimmyD wrote: ↑Mon Jan 16, 2023 9:54 amWe're in the same boat. After all necessary expenses and savings are accounted for, there's really nothing left over. We're just about able to eek out a decent vacation once a year, but definitely nothing extravagant. Inflation has obliterated our spending power and our wages aren't even close to keeping pace.Jags4186 wrote: ↑Mon Jan 16, 2023 9:44 amNope. I don't understand how families do it on signficantly less, TBH. We don't go anywhere. We don't do anything.JimmyD wrote: ↑Mon Jan 16, 2023 9:17 amWhew. I thought we were the only ones spending this much.Jags4186 wrote: ↑Mon Jan 16, 2023 8:39 amGroceries includes everything we buy at the grocery store including all sundries like diapers, soaps, detergents, paper products etc.Code: Select all
Category Amount Yrly PITI $28,445.00 Day Care $15,600.00 Groceries $12,000.00 OOP Medical $6,000.00 Home Maintenance $4,800.00 Cleaning Service (every 2 wks) $3,780.00 Utilities (PSEG, Verizon, Water) $3,096.00 Gifts $3,000.00 Shopping $3,000.00 Restaurants/Eating Out $3,000.00 Life Insurance $2,964.00 Car Insurance $2,520.00 Auto Maintenance $2,000.00 Misc $2,000.00 Lawn Care $2,000.00 Entertainment $1,800.00 Gas $1,800.00 Travel $1,200.00 Alcohol $600.00 Streaming $300.00 Jewelry Insurance $276.00 Cell Phone $196.20 Total $100,377
Personally, I feel we spend *a lot* without much to show for it.
As for what families do for less, it's a function of reality - if you earn less then it is not sustainable to spend above what flows in the household for an extended period of time. Cash flow and earnings matter and hence, they are forced to make choices that may or may not be appealing to you. Your budget is not that far out of whack, though $3K for gifts is generous as is $3K for shopping unless you are meaning new clothes for the kids, shoes, etc. Some do their own lawn and save the difference even if their lawn isn't the nicest looking in the neighborhood. Some don't eat out or order out often. I don't use a cleaning service, though it seems to be very popular with at least 3 of my closest neighbors. That's another $4K there.
$2k for lawn is what I actually spent last year on 1200 lbs of mulch that I put down, and lawn cutting service/leaf removal/mosquito and tick treatment.
$3k shopping includes any clothing/shoes/furniture/Christmas tree/decorations/party supplies/“stuff from Amazon” for me, the wife, and kiddo. It all adds up.
$3k for gifts is a struggle to stay in bounds on because I’m in a heavy gift giving family. We’ve managed to do it. Paradoxically when you have a small family everyone expects/gives a gift. When you have a large family, those expectations go away because it's unreasonable.
$6k for OOP medical expenses is a best guess what we’ll spend. We’re out $1200 automatically because that is the maintenance cost on frozen embryos we have. And if you have a HDHP you quickly realize how expensive it is to use any sort of medical service. In January alone we will have spent $477 on OOP medical expenses. This is in line with or below what we've spent over the past few years.
Sure, could I eliminate some things? Yea, I could not have a cleaning service. I could cut my own grass. I could never eat in a restaurant or order take out. But my goal isn't to live the most austere life possible. The comment is that I spend a lot, but a lot goes towards a ton of necessities. As for how people do it on less...of course. If you only make $50k/yr you can't spend more than $50k. You might rent an apartment -- away goes lawn care expenses and away goes home maintenance. Maybe you have a grandparent who watches your kid for free. I have friends are in the enviable situation.
edited for spelling and a few extra notes/thoughts.
Last edited by Jags4186 on Thu Jan 26, 2023 8:00 am, edited 3 times in total.
Re: What’s Your 2023 Budget?
House and autos paid off and no kids, so...
MONTHLY:
Food: 350
Prop Taxes: 125
Home Ins: 410
Electric: 130
Heat: 70
Internet: 60
Auto Ins: 92
Gas: 30
Pet Food/Meds: 15
Life Ins: 40
Garbage: 25
Umbrella Ins: 15
Cell phone (2 lines): 5
Misc: 500
TOTAL: $1867/m
$1867 per month
$22,404 per year if no emergencies
MONTHLY:
Food: 350
Prop Taxes: 125
Home Ins: 410
Electric: 130
Heat: 70
Internet: 60
Auto Ins: 92
Gas: 30
Pet Food/Meds: 15
Life Ins: 40
Garbage: 25
Umbrella Ins: 15
Cell phone (2 lines): 5
Misc: 500
TOTAL: $1867/m
$1867 per month
$22,404 per year if no emergencies
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Re: What’s Your 2023 Budget?
See bold text aboveTinyHouse wrote: ↑Wed Jan 25, 2023 7:53 pmSee highlighted text abovefaanger101 wrote: ↑Wed Jan 25, 2023 7:41 pmFor camping, giving and unexpected things? NopeTinyHouse wrote: ↑Wed Jan 25, 2023 3:49 pmEver heard of credit card miles?faanger101 wrote: ↑Wed Jan 25, 2023 12:58 pmSo it’s 6k annually for everything you listed? I also do camping+fishing with my eldest and the weekly price for us is ~1k. Which gives us 4k annual if we do only this type of vacations (and is for 2 ppl instead of 4). Have no clue how it can be 6k annual including flights, giving, unexpected things etcTinyHouse wrote: ↑Wed Jan 25, 2023 9:33 am
Ah good question, yes Misc covers things like trips, but we don’t do traditional vacations. We camp, hike, visit family or friends, etc. so we might buy some cheap flights now and then, but we don’t pay for hotels, etc.
Misc also includes giving, unexpected things, etc
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Re: What’s Your 2023 Budget?
Do you have 2 kids or more?Silly Wabbit wrote: ↑Wed Jan 25, 2023 8:51 pm Mortgage: $51k
Daycare: 39k
Car insurance: $2k
Utilities: $8k
Car loan: $6k
Travel: $35k
College tuition: $62k
Everything else: $72k
Total: $275k
Our expenses will drop substantially in several years as the older kid finishes college and the younger one starts public school!
It's interesting to see the very detailed budgets kept by some. I tried using Mint, but it took to much effort to label transactions.
Re: What’s Your 2023 Budget?
Here is a budget from Europe (Austria). Single, early 30ies:
3840 EUR Mortgage (50K remaining)
4000 EUR Other housing cost (Utilities, heating, ...)
950 EUR Car Insurance
1600 EUR Car Running Cost
6000 EUR Groceries
2500 EUR Vacation
2000 EUR Outdoor Activities (Skiing, MTB,....) including Gear
3000 EUR Other Daily Expenses
23890 EUR TOTAL (versus ca. 80 KEUR net income)
3840 EUR Mortgage (50K remaining)
4000 EUR Other housing cost (Utilities, heating, ...)
950 EUR Car Insurance
1600 EUR Car Running Cost
6000 EUR Groceries
2500 EUR Vacation
2000 EUR Outdoor Activities (Skiing, MTB,....) including Gear
3000 EUR Other Daily Expenses
23890 EUR TOTAL (versus ca. 80 KEUR net income)
Re: What’s Your 2023 Budget?
Housing (PITI, utilities, HOA, maintenance) $26,556
Insurance (home, car, LTD, medical/dental/vision) $6,842 (2022 numbers, 2023 rates will likely go up)
Groceries (food, hygiene, household items) $6600
Services (phone, streaming, internet, AAA) $1,767
Automotive (gas, registration, maintenance, parking) $2,283
Entertainment (travel, tickets, dining out, hobbies) $25,100
Misc (clothing/gear, gifts, donations, other) $13,800
Annual Total $82,948
The bulk (~20k) of entertainment is for travel.
Insurance (home, car, LTD, medical/dental/vision) $6,842 (2022 numbers, 2023 rates will likely go up)
Groceries (food, hygiene, household items) $6600
Services (phone, streaming, internet, AAA) $1,767
Automotive (gas, registration, maintenance, parking) $2,283
Entertainment (travel, tickets, dining out, hobbies) $25,100
Misc (clothing/gear, gifts, donations, other) $13,800
Annual Total $82,948
The bulk (~20k) of entertainment is for travel.
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Re: What’s Your 2023 Budget?
Base budget is $3500/month
Medical is paid through work,
but will be about $12K/ yr in retirement.
Does not count about $10K/yr for car replacement or house maintenance.
Medical is paid through work,
but will be about $12K/ yr in retirement.
Does not count about $10K/yr for car replacement or house maintenance.