How much do you spend a year to live?
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Anonymous
| In Arlington we spend around 65,000 - 70,000 a year and it feels like a lot with a HHI of 210,000 |
Anonymous
I was just looking at this. We spend about $90k a year, but $25k of that is child care. So close to what you are at without the child care and our HHI is the same. This is DC. |
Anonymous
| Our “burn rate” including 401k and 529 is $10k/month post tax. HHI is $225k, excluding bonuses (not guaranteed.) |
Anonymous
|
Private school = $50k x 2 = $100k
Parents = $15k Property /car tax = $15k Utilities = $10k Cellphones=$3k Food= $10k Vacation =$10k Insurance - Life/auto = $8k Entertainment = $3k |
Anonymous
What costs are you including in this number? Seems low to include housing and child care. With those, we spend $9k/mo in SS. |
Anonymous
|
$36k
I did over do Christmas already but it's Christmas. no kids, no debt, no mortgage fixed monthly bills maybe $1k We spend most of our money on food and helping our adult kids. We saved $70k in our emergency fund just this year. If we need extra we dip into our spare savings, what I call our extra emergency fund. We feel very fortunate. Want little, got needs taken care of. And no, we don't live a frugal life. We just ran out of ideas and reasons to buy things. You do get to that point sometimes. |
Anonymous
No mortgage. Home paid off or inherited? |
Anonymous
| We probably spend $10k a month including 2 kids in preschool in N. Arlington. I don’t really know because we buy cars cash every 8-10 years out of savings and we’re currently doing a lot of Smallish house projects so it’s a new fridge rhis month ($1800), a new furnace blower the month before ($1200) and coming up we have some landscaping work, repainting the first floor, new front door, new mantel. It seems like the house stuff averages out to $1500 a month. The fridge and furnace were surprises, but the other stuff is optional and cosmetic. |
Anonymous
No vacations? We just spent your annual entertainment fund on 2 nights in NYC to see the Rockettes Christmas show. But our kids are in public and 2 in Parish school, so we spent under $20,000 in tuition. |
Anonymous
| If it were not for income and property taxes our spending would not be outrageous. We are retired empty nesters with no mortgage. Our one big indulgence is travel which is likely $40,000 a year. After that gifts to kids, grandkids 529's and charity total over $100,000. Maybe $60,000 on everything else. Happily we are at that point in life where we don't keep a close eye on what we spend but it sure took a lot of years and hard work to get to this point! |
Anonymous
Paid off |
Anonymous
| About $8500, but that includes private insurance for 4. Retirement plan, college savings, summer camps not included in that. Extra $10K to $20K per year for travel. |
Anonymous
No housing? |
Anonymous
No taxes or insurance? |
Anonymous
|
Mortgage - 2400
Utilities - 600 Childcare - 1000 Spending - 2000 Cars 800 So that's about 81,000. HHI 270kish, max out 2 401ks, 10k to 529s and additional 40ishk to brokerage accounts |