Anonymous
Post 11/25/2018 17:41     Subject: How much do you spend a year to live?
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
Anonymous
Post 11/25/2018 17:12     Subject: How much do you spend a year to live?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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


No mortgage. Home paid off or inherited?


Paid off


No taxes or insurance?
Anonymous
Post 11/25/2018 17:11     Subject: How much do you spend a year to live?
Anonymous wrote: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


No housing?
Anonymous
Post 11/25/2018 17:04     Subject: How much do you spend a year to live?
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
Post 11/25/2018 16:59     Subject: How much do you spend a year to live?
Anonymous wrote:
Anonymous wrote: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


No mortgage. Home paid off or inherited?


Paid off
Anonymous
Post 11/25/2018 16:53     Subject: Re:How much do you spend a year to live?
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
Post 11/25/2018 16:27     Subject: How much do you spend a year to live?
Anonymous wrote:
Anonymous wrote: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


No mortgage. Home paid off or inherited?

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
Post 11/25/2018 16:09     Subject: How much do you spend a year to live?
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
Post 11/25/2018 15:47     Subject: How much do you spend a year to live?
Anonymous wrote: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


No mortgage. Home paid off or inherited?
Anonymous
Post 11/25/2018 15:29     Subject: Re:How much do you spend a year to live?
$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
Post 11/25/2018 15:16     Subject: How much do you spend a year to live?
Anonymous wrote:In Arlington we spend around 65,000 - 70,000 a year and it feels like a lot with a HHI of 210,000


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
Post 11/25/2018 15:11     Subject: How much do you spend a year to live?
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
Post 11/25/2018 14:52     Subject: How much do you spend a year to live?
Our “burn rate” including 401k and 529 is $10k/month post tax. HHI is $225k, excluding bonuses (not guaranteed.)
Anonymous
Post 11/25/2018 14:52     Subject: How much do you spend a year to live?
Anonymous wrote:In Arlington we spend around 65,000 - 70,000 a year and it feels like a lot with a HHI of 210,000


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
Post 11/25/2018 14:14     Subject: How much do you spend a year to live?
In Arlington we spend around 65,000 - 70,000 a year and it feels like a lot with a HHI of 210,000