Hi Mustachians! I am a long-time reader but a noob to the forums. I was wondering if some of you might be able to help me evaluate my retirement budget.
I'm happy to provide any other details that might be helpful, but I tried to be pretty comprehensive!
We have been working on this budget for a while, with the understanding that we need to know what we can get our monthly expenses down to, so we can then figure out exactly how much we need. We are DINKs with no kids (no plans to have kids).
Based on some feedback, I just posted an updated budget a few posts down. Curious if you guys think this is better??
Monthly Expenses
Home Insurance: 83.33
Taxes: 442.17
House Maintenance: 83.33
Cell Phones (Virgin Mobile Plans): 74.20
Propane: 37.78
Electric: 219 (everything in our house, except for a fireplace, is electric)
Comcast: 78.44
Health Insurance: 300 (rough estimate, we have not looked into this extensively)
Auto Insurance: 150
Valuables Insurance: 15 (engagement rings, etc.)
Groceries: 480
Bar / Wine: 30
Dining Out: 60
Dry Cleaning: 10
Personal Care: 30
Car Maintenance: 30
Gifts: 10
Household: 40 (to cover other household issues / needs that arise)
Total: 2173.25 / Month
Any other ideas or recommendations, or feedback? We live in an HCOL, not-very-bikeable area, but we do expect to be able to bike a bit more, as we'd be able to do so one off-peak times, like mid-morning on a Tuesday, which would be safer than today, when we can really only ride on the weekends. We have two cars and two motorcycles as well.