Poll

What was your total spending in 2017?

under $20,000
40 (9.7%)
$20,000 - $30,000
46 (11.2%)
$30,000 - $40,000
47 (11.4%)
$40,000 - $50,000
51 (12.4%)
$50,000 - $60,000
52 (12.7%)
$60,000 - $70,000
42 (10.2%)
$70,000 - $80,000
39 (9.5%)
$80,000 - $90,000
18 (4.4%)
$90,000 - $100,000
27 (6.6%)
$100,000 - $120,000
19 (4.6%)
$120,000 - $140,000
10 (2.4%)
Greater than $140,000
20 (4.9%)

Total Members Voted: 410

Author Topic: Poll: What is your 2017 spending?  (Read 7572 times)

CCCA

  • Bristles
  • ***
  • Posts: 392
  • Location: Bay Area, California
  • born before the 80's
    • FI programming
Poll: What is your 2017 spending?
« on: December 30, 2017, 03:35:40 PM »
It's close to the end of 2017 and we are revisiting our 2017 household spending.  We categorize all of our purchases and put into an Excel document.  We've done our 2017 spending, since we don't anticipate any purchases that will change the numbers appreciably.

This poll asks for you to total up all your spending and fill out the amount.  If you want, it'd also be good to add some context to your "spending number", by indicating how many people are in your household, the cost of living in your part of the country, how you feel about this level of spending and any other relevant info. 

I'll go first (though our numbers are not terribly mustachian):
Not including our charitable contributions, we spent ~$80,000 in 2017 for a household of 4 (2 adults and 2 children under 10).  Nearly half of that is housing costs ($37,000), as we live in the HCOL SF Bay Area, and another $10,000 is for childcare.  Aside from those two large expenses, we spend about $33,000 on everything else.  We feel okay about our spending.  It's not as low as many people on the forum or MMM himself, but relative to our peer group and neighbors, I feel it's pretty decent. 

Our spending was over $100k a few years ago, so we've cut back quite a bit.  Obviously we could cut back some more and will be trying to find additional areas to cut back while still maintaining household harmony. 

I suspect there may be a little bit more to be shaved without anyone else in the household noticing (~$2000), and then the question is how much to push beyond that point (i.e. requiring minor inconveniences to major disruptions).


radram

  • Pencil Stache
  • ****
  • Posts: 707
Re: Poll: What is your 2017 spending?
« Reply #1 on: December 30, 2017, 03:56:15 PM »
First. YES!

hadabeardonce

  • Stubble
  • **
  • Posts: 192
  • It's never too early to learn the value of money.
    • My Journal
Re: Poll: What is your 2017 spending?
« Reply #2 on: December 30, 2017, 04:36:33 PM »
65,327.01 spent in 2017 by 2 adults in the SF Bay Area, who are content.

31% mortgage & hoa
24% food
16% shopping
13% auto & transport
5% pets
11% other (bills, utilities, travel, entertainment, personal care, health, fitness, etc.)

Our spending optimization is ongoing. Each year we improve, so we feel good about our financial trajectory.
Standard advice: Read "Your Money or Your Life" and "A Random Walk Down Wall Street"
https://forum.mrmoneymustache.com/journals/had-a-beard-once's-mustachianismishticness-journey/

Travis

  • Handlebar Stache
  • *****
  • Posts: 2233
  • Location: Arizona
Re: Poll: What is your 2017 spending?
« Reply #3 on: December 30, 2017, 05:18:13 PM »
$45,790 in spending this year.  This was a good year for us. Our spending is usually right about an even $50k. Two adults, one child. Six months in CO, six months in AZ.  It's been consistent enough for us to make our FIRE plans around this number.
My Journal: http://forum.mrmoneymustache.com/journals/will-i-or-won't-i-a-home-run-or-a-base-hit/

Unlike some other tech companies or skilled-labor industries, we're always hiring.

www.goarmy.com

aneel

  • Stubble
  • **
  • Posts: 157
Re: Poll: What is your 2017 spending?
« Reply #4 on: December 30, 2017, 05:31:23 PM »
TLDR:  We spent a lot; we saved a lot; this year was weird.

Can't believe I just checked the max spending box, except I knew it was coming.  Our expenses were $147k this year, but we have a lot of context to add to that.  We made the anti-mustachian decision to move from a 1 car to 2 car family this year.  We also needed to replace our old beater with a newer car, so that is 2 car purchases.  We also sold our home, moved, and bought a new home with a $50k down payment.  Since we're purely talking about expenses I didn't include the sizeable profit we got on our first home.  Those are the major expenses I can call out.

Other expenses were higher than average because we moved (TWICE), paid some double rent, split our household into 2 for 2 months (I lived in new location while DH and DS stayed behind for archaic adoption law reasons, which meant extra travel expenses.  So below I'll call out our "typical" and "atypical" expenses:

Household size = 3 including DS

Typical Total:$55k (partial breakdown below)
Home: $19.2k (including improvement projects to new home, excluding down payment)
Food and alcohol: $11.6k (this is our "hobby" and even if you chalk some percent up to hobby expense, its still TOO DAMN HIGH)
Auto: $6.7k (including registration fees for two vehicles - one in 2 states, but excluding vehicle purchase price)
Travel: $4.8k
Utilities: $4.5k
Consumer Spending: $3.8k

Atypical Total: $92k
Vehichle purchases: $40k ($12k on 2013 pruis, $28k on 2014 Tacoma.  Both low miles ~30k, both expected to last 10-15 years)
Home down payment and double rent $54k

While this does send me into hair on fire mode, I am putting this in the context of
Savings contributions: $112k (gains excluded)
Earned income: $80k taxable / $18k pretax
Net proceeds of home sale: $115k

BlueMR2

  • Handlebar Stache
  • *****
  • Posts: 1958
Re: Poll: What is your 2017 spending?
« Reply #5 on: December 31, 2017, 07:46:11 AM »
Barring any disasters yet today, we'll be coming in at ~$27k for 2 adults with way too many toys, which is about $3k better than our last few years.  Partially thanks to our second half property tax bill not falling into this year, but partly due to continuing to optimize the recurring expenses (despite some special buys coming up in paragraph 2).  The property tax shows up any time between 12/29 and 1/12, so sometimes we have 2 per year like we're supposed to, but sometimes it's 1 or 3.  This happens to be a "1" year...  On average our property tax ends up consuming 10-12% of our expenses.

Not bad at all considering I blew a ridiculous amount on a new rifle (8% of expenses), plus we dumped another large sum into SCUBA lessons (6% of our expenses), PLUS we had multiple pricy vehicle repairs (nearly 15%).

Next year is likely going to be much worse.  We've got another pricy car repair coming up for sure (estimating $3500 currently), a *potential* $10k car repair, might have 3 property tax bills (guaranteed at least 2 based on timing), AND our driveway is really starting to crumble now, it'll likely need to get replaced Summer 2018 (but I'll push it out another year if at all possible) to the tune of $10k.  Also, I'm on the schedule to get flying again.  Fortunately I'm going a low cost route, but I'll probably drop $2k on it in 2018.

So, staying working will be important in 2018 to avoid impacting our savings.  The good news though is that should I *not* be working, pretty much everything is optional.  No job = no flying (household rule, you don't get to fly if you don't have a job), no need for cars at all if no job to drive to, and without cars the driveway can turn into gravel without causing any issues.  :-)

kenner

  • 5 O'Clock Shadow
  • *
  • Posts: 31
Re: Poll: What is your 2017 spending?
« Reply #6 on: December 31, 2017, 08:26:04 AM »
One person, $43,500 for the year:

33% housing (~1/3 offset by renters, tracked separately since there's no guarantee that I will get that every year)
19% charity/gifts, not counting transfers to DAF from investments
15% sports/health/hobbies (2/3 this from dental work after a foul ball to the face--and that's WITH dental insurance)
14% travel (mostly travel hacked/reimbursed, but I track that separately on the grounds that CCs may smarten up eventually)
9% bills (HOA/phone/internet/electric)
7% food (including restaurants, also +toiletries/pet stuff I buy at the grocery store and don't bother to break out/etc.)
3% other (remaining pet stuff/auto/cash)

Not horrible, could be better.  Still trying to figure out if I'm doing the right thing by accounting for things like rental income and CC reward dollars completely separately from my spending, but I figure this way I get the most realistic picture of where my money is actually going even if I get some of it back later.  If people have come up with better ways to deal with this, I'm all ears (eyes).
« Last Edit: December 31, 2017, 08:27:37 AM by kenner »

Fomerly known as something

  • Pencil Stache
  • ****
  • Posts: 521
  • Location: Midwest
Re: Poll: What is your 2017 spending?
« Reply #7 on: December 31, 2017, 09:11:41 AM »
Chalk me up as another person with an atypical year.  I "spent" almost $40,000 on a moderate renovation to my new to me house that I'm not including in my total spend.  I was moved for work and downsized in price of house even with budgeting in the planned renovation.  I'm not counting it in the way that MMM did not count his shed.  If I had not intended to make these renovation upon purchase I would have countered this as spending. 

Counting a decent amount to charity I'm at $53,000 for a single person.

SpareChange

  • Bristles
  • ***
  • Posts: 338
Re: Poll: What is your 2017 spending?
« Reply #8 on: December 31, 2017, 09:33:45 AM »
$18,500 for one person.

Raenia

  • Pencil Stache
  • ****
  • Posts: 546
Re: Poll: What is your 2017 spending?
« Reply #9 on: December 31, 2017, 09:41:10 AM »
Just squeaked into the <20k category, not including taxes as spending (I generally don't, since I expect my taxes to be so much lower after FIRE.)  That's for a single person sharing a rented apartment.  It was a pretty lean year for me, I expect my spending to go up a bit once I stop neglecting preventative healthcare and other such things.

FIRE_Buckeye

  • 5 O'Clock Shadow
  • *
  • Posts: 91
  • Age: 29
Re: Poll: What is your 2017 spending?
« Reply #10 on: December 31, 2017, 09:59:27 AM »
18k, single with no dependents and free medical, sharing an apartment with my fiance, free medical coverage.
Was a pretty typical year spending-wise, that included a travel-hacked trip to Belize and a few miscellaneous long-weekend local trips.
Donít wait for the perfect moment. Take the moment and make it perfect.

matchewed

  • Magnum Stache
  • ******
  • Posts: 4226
  • Location: CT
Re: Poll: What is your 2017 spending?
« Reply #11 on: December 31, 2017, 10:00:36 AM »
Little over 30k not including a downpayment on a multifamily. Little over 50k if you do. I put down the 30k given that is our "normal" spending. This includes all sorts of ridiculous things for the house like an oven, snowblower, and such.

Oh yeah two working adults no children in one of the "higher" COL states of the country.
« Last Edit: December 31, 2017, 12:20:35 PM by matchewed »

bryan995

  • Stubble
  • **
  • Posts: 137
Re: Poll: What is your 2017 spending?
« Reply #12 on: December 31, 2017, 11:08:53 AM »
78K for two working adults + 1 baby, HCOL ... gulp

Mortage & Rent - 43% (rent)
Shopping - 18% (amazon, home furnishings, etc)
Food & Dining - 17% (costco, groceries, restaurants)
Other - 7% (travel, personal care, medical, etc)
Auto & Transport - 6% (insurance, gas, ebike)
Bills & Utilities - 6% (electric, internet, gas, etc)
Kids - 3% (diapers, formula, baby clothes, baby furniture)

There was quite a bit of over-spending this year, on top of some large one-time-purchases (ebike for commuting, furniture coinciding with move, smart home upgrades, desktop pc (PUBG yo!).  We've been opting for convenience over being more frugal due to adjusting to new jobs, new location, new baby etc (i know i know, excuses excuses).  All purchases (large and small) go through the slickdeals/camelcamelcamel smell test, which at least makes me feel slightly better about all this ... ?  Next year child care will also start ($1700/mo), so I am aiming to keep the yearly spend roughly the same or even a bit lower. 

On top of the above, we still managed to save close to what we budgeted - on track to retire in 2025 with a ~40k annual spend. 

We are very lucky to have jobs/careers that can support such a high spend.  At ~80K, we can basically buy anything we'd like, travel anywhere (offset due to CC bonuses), eat anything we want, live in a fantastic location etc.   I don't think we could spend more if wanted to, so I suppose that is a plus - we've reached our organic spending maximum!
Now to get more serious and neutralize the inefficiencies!

« Last Edit: December 31, 2017, 11:35:00 AM by bryan995 »

Sailor Sam

  • Magnum Stache
  • ******
  • Posts: 3613
  • Age: 37
  • Location: Steel Beach
  • Semper...something
Re: Poll: What is your 2017 spending?
« Reply #13 on: December 31, 2017, 11:35:36 AM »
$40k for 1 adult living in Seattle. $28k after rent. Happy, happy.

Altons Bobs

  • Bristles
  • ***
  • Posts: 277
Re: Poll: What is your 2017 spending?
« Reply #14 on: December 31, 2017, 02:32:56 PM »
Do we include income tax?

CCCA

  • Bristles
  • ***
  • Posts: 392
  • Location: Bay Area, California
  • born before the 80's
    • FI programming
Re: Poll: What is your 2017 spending?
« Reply #15 on: December 31, 2017, 03:17:38 PM »
Do we include income tax?


I don't include it and I'm assuming most others don't include income tax. 
That would make spending more of a function of income instead just being the total cost of things you purchased.

soccerluvof4

  • Magnum Stache
  • ******
  • Posts: 3322
  • Location: Artic Midwest
  • Retired at 50
    • My Journal
Re: Poll: What is your 2017 spending?
« Reply #16 on: January 01, 2018, 04:59:04 AM »
We upped or withdrawal in 2017 because we had 2 kids go off to College were a family of 6 ( so alot of extra traveling) and I wanted to knockout or put a big dent in remodeling that needed to be done so we were just under 100k.  We have for 2018 reset our budget and with a bathroom yet to remodel we will be actually spending (barring anything unforeseen) under our 4% SWR for the next 3 years.
" In life you don't get what you deserve you get what you negotiate"

wordnerd

  • Pencil Stache
  • ****
  • Posts: 911
Re: Poll: What is your 2017 spending?
« Reply #17 on: January 01, 2018, 03:39:46 PM »
$28K for two adults and a toddler. This includes a $5K European vacation and $3K in mortgage interest (which will disappear this year when we pay off the mortgage). Not included in this total (since it will not be an ER expense) is $12K for daycare. Obviously, total spending with it is $40K .

CCCA

  • Bristles
  • ***
  • Posts: 392
  • Location: Bay Area, California
  • born before the 80's
    • FI programming
Re: Poll: What is your 2017 spending?
« Reply #18 on: January 01, 2018, 04:31:36 PM »
$28K for two adults and a toddler. This includes a $5K European vacation and $3K in mortgage interest (which will disappear this year when we pay off the mortgage). Not included in this total (since it will not be an ER expense) is $12K for daycare. Obviously, total spending with it is $40K .


Impressive.  When you say mortgage interest, that sounds like you don't include mortgage principal in your calculation.  Interesting, I guess I can see the rationale to exclude this, but I think it makes sense to account for all of your cash flowing out (especially when required by the lender) even if it becomes your equity.

VoteCthulu

  • Bristles
  • ***
  • Posts: 408
Re: Poll: What is your 2017 spending?
« Reply #19 on: January 02, 2018, 12:18:31 AM »
If you count mortgage principle as an expense, do you also count the stock and bond funds you buy as expenses?

To me, anything you buy with the reasonable expectation that you will someday sell it for more money counts as an investment.

Monkey Uncle

  • Handlebar Stache
  • *****
  • Posts: 1258
  • Location: West-by-god-Virginia
Re: Poll: What is your 2017 spending?
« Reply #20 on: January 02, 2018, 04:37:55 AM »
Came in a shade under $40k.  Two adults, plus occasional subsidies for DS.  Includes all expenses that we expect to keep when I FIRE in a few days.  Does not include income/payroll taxes or a few minor things that we will quit doing in FIRE (like life insurance and pension contributions).

About $9,300 of the total was P&I on the mortgage, and about $8,800 was food (I know, face punch on that one).
Took that job and shoved it - January 6, 2018

westtoeast

  • Bristles
  • ***
  • Posts: 341
  • Location: East Coast City
Re: Poll: What is your 2017 spending?
« Reply #21 on: January 02, 2018, 05:13:43 AM »
Single in HCOL area w/ housemates and no vehicle, came in around $22K (not including SL repayments, which brings the number closer to $30K).

Zola.

  • Stubble
  • **
  • Posts: 235
  • Location: UK
  • Let's do this.
Re: Poll: What is your 2017 spending?
« Reply #22 on: January 02, 2018, 05:28:28 AM »
$78,000

Mostly on wedding, mortgage etc.


without_a_map

  • 5 O'Clock Shadow
  • *
  • Posts: 49
  • Age: 30
  • Location: UK
Re: Poll: What is your 2017 spending?
« Reply #23 on: January 02, 2018, 06:07:43 AM »
Almost bang on £10k for me individually, but I have very minimal housing costs as we are living rent free with OH's Mum, although we do pay most of the utility bills. No car either so expenses are pretty low. I can definitely cut back a bit on the coffees/lunches/random purchases. Doing the Frugalwoods UFM and reckon my actual mandatory expenses are more like £600/month (£7.2k/year), including train travel to work, food, toiletries, utility bills, contact lenses and charity donations, so that is my target for January!

BTDretire

  • Handlebar Stache
  • *****
  • Posts: 2055
Re: Poll: What is your 2017 spending?
« Reply #24 on: January 02, 2018, 06:11:08 AM »
Pretty much clueless.
 I have two kids in college, they get about $10k each for living expenses.
Tuition, that's another $15 to $18k total.
 Our fixed bills are about $30k.
We never kept track, never had a budget.
 We are FI but still working, me semi retired.
2017 was a fanastic year.

Davids

  • Pencil Stache
  • ****
  • Posts: 960
  • Location: Somewhere in the USA.
Re: Poll: What is your 2017 spending?
« Reply #25 on: January 02, 2018, 06:29:31 AM »
My spending was $32K for 2017. One thing of note is in my calculation only the mortgage interest is an expense. The principal I include in savings so mortgage principal not included in $32K

Tass

  • Pencil Stache
  • ****
  • Posts: 539
  • Age: 25
  • Location: Southern California
  • Working on a PhD...
Re: Poll: What is your 2017 spending?
« Reply #26 on: January 02, 2018, 06:39:11 AM »
$20k for one adult in SoCal. (Only $77 shy of the lowest category. Grr.)

$8.2k was rent, and another $2k was charity. $1.4k on plane tickets should decrease in the coming year. Quite pleased overall.
« Last Edit: July 13, 2018, 11:53:16 AM by Tass »

boarder42

  • Walrus Stache
  • *******
  • Posts: 7296
Re: Poll: What is your 2017 spending?
« Reply #27 on: January 02, 2018, 07:23:59 AM »
while these posts are fun - some people have mortgage and rent and others do not.  so the data collected isnt as useful as it could be.  - would be better to exclude mortgage or rent or have optional with mortage or no mortgage categories.  also single vs couple/family

either way were 75k with mortgage 55k without

Top Expenses
26% Mortgage
8% Home Improvement
7.6% Property Taxes
6.7% Grocery
5.3% Medical
4.7% Boat
4.5% Utility
4.1% gasoline
« Last Edit: January 02, 2018, 07:45:43 AM by boarder42 »
My Miles Journal -Learn to Manufacture spend(MS)

Best bonuses on Credit cards right now
SW Plus Card 50k Bonus - use it with the Companion pass hack!

Personal Capital - Track your spending and Investing

Cranky

  • Handlebar Stache
  • *****
  • Posts: 1034
Re: Poll: What is your 2017 spending?
« Reply #28 on: January 02, 2018, 07:50:19 AM »
$47K for 3 adults, no mortgage; we are still paying some college costs for one kid, and spent $10K on driveway replacement (our last big project for a while, I hope.)

hoodedfalcon

  • Bristles
  • ***
  • Posts: 432
  • Location: Deep and Dirty
Re: Poll: What is your 2017 spending?
« Reply #29 on: January 02, 2018, 07:55:24 AM »
Single, no dependents, LCOL area. Paid off a private student loan last year!!

59K
37K - student loans - 63%
22K - Everything else!
8K- House mortgage, tax, etc - 14%
4.5K - Auto expenses - 8%
3.3K - Utilities - 6%
3K - Food - 5%
3K - Other (pet, shopping, etc) - 5%

NorCal

  • Pencil Stache
  • ****
  • Posts: 587
Re: Poll: What is your 2017 spending?
« Reply #30 on: January 02, 2018, 08:15:24 AM »
$116K, which is kind of embarrassing for around here.  We are in the situation of paying more for living (SF Bay Area + two kids in daycare) in order to maintain two incomes.

Rent: $38K
Daycare: (1 kid full year, 1 kid partial year): $29K
Gift to FIL w/ newly diagnosed medical + financial issues: $5K
Everything else: $44K

I feel okay, but not great about the "Everything Else" category.  This what we're looking to cover in an FI scenario (+ paid off house in LCOL area).  I feel like we've optimized pretty well for our current situation, but it's still a lot more than others are spending.

Teachstache

  • Stubble
  • **
  • Posts: 146
Re: Poll: What is your 2017 spending?
« Reply #31 on: January 02, 2018, 08:24:04 AM »
$64,886 for 2 adults (35 &36) & 1 almost 3 year old son.

We live in a relatively LCOL metro area in the Midwest. House prices currently average $185k here for 3 bed/3 bath 65-70 year old home in a lower middle class neighborhood. Average household income here is around $65k.

Spouse and I earned $122k for 2017.

Spending total includes:

$19k of student loans eliminated

$3,600 in daycare costs (yes, we have really cheap & good daycare)

$6,000 of mortgage and interest, which we eliminated at the beginning of December 2017

$3,600 in child 529 plan savings

$5,500 in healthcare costs (all should be reimbursed as the result of an insurance settlement still pending)

$3,744 in family health and dental insurance premiums

$7,000 in home improvement costs (paid a professional contractor to install a 350 SQ foot paver patio in our backyard for $6k & installed a fence ourselves in backyard for $1k, increased our home valuation by $10k)

$2,000 in crypto currency mining hardware & an upgraded electrical wiring in basement, all done to code by spouse (& has earned us $7k in profits thus far, counting current crypto currency markets and increased electricity costs)

We are projecting significant decreases in spending for 2018, to the tune of $35k (including healthcare costs & daycare costs, both of which we cash flow but are reimbursed for with FSAs)

Edit: I posted an incorrect $$ amount on the poll, just for bills, not including all spending. My bad. Mods, my amount should be changed to reflect the $60-$70k amount.
« Last Edit: January 02, 2018, 08:30:55 AM by Teachstache »

exige

  • 5 O'Clock Shadow
  • *
  • Posts: 47
Re: Poll: What is your 2017 spending?
« Reply #32 on: January 02, 2018, 10:14:20 AM »
Ours was about 40k without the Mortgage or Car loan 70k With those we were making triple payments on the car and it was paid off in november! Goal is to be under 40 without the mortgage.

FireHiker

  • Pencil Stache
  • ****
  • Posts: 721
  • Location: So Cal
Re: Poll: What is your 2017 spending?
« Reply #33 on: January 02, 2018, 12:25:13 PM »
Ours is outrageous, but we have two high incomes, live in a HCOL area, and still had a savings rate of 40.5% (I do not include mortgage principal as savings). So excited to see child expenses go down next year since this was a last year with one in private preschool.

Total: 132k
I broke it out as follows:
Mortgage & HOA: 37%
Utilities (including cell, not including netflix): 3%
gas for 3 cars (teenager included, going back and forth to dad's): 1.5%
food: 11.4% (MUST cut this)
child total (childcare, activities, etc): 15.8%
clothes (for all 5, outrageous this year): 2.5%
maintenance (pool, car, house, household supplies): 6.9%
discretionary (travel, netflix, yoga, pet, holidays, birthdays, haircuts, anything not above): 21%

I know our numbers are much more "boglehead" than "MMM", but I prefer the community here and we're working towards moving that needle in our spending. Overall it's a reduction of $11,233 compared to our 2016 spending, and that includes adding a teenage male driver to the mix. We cut our food spending $6000 in 2017 compared to 2016 thanks to the "rein in your grocery spending" gauntlet here. Looking forward to seeing more improvement in 2018!

(edited to correct typo)
« Last Edit: January 02, 2018, 02:32:45 PM by FireHiker »

jim555

  • Handlebar Stache
  • *****
  • Posts: 1674
Re: Poll: What is your 2017 spending?
« Reply #34 on: January 02, 2018, 12:40:32 PM »
$14,000

EmFrugal

  • Stubble
  • **
  • Posts: 141
  • Age: 35
  • Location: DC Metro
Re: Poll: What is your 2017 spending?
« Reply #35 on: January 02, 2018, 02:07:11 PM »
We spent around $88K for a family of 5 who lives in the HCOL DC metro.

Half of our spend went to the mortgage. The schools are so good in our area that I can't justify moving to a LCOL neighborhood, especially with three kiddos who will go through the system. We already chose a town home over a SFH just to get into the neighborhood.

Our savings rate is around 37% and I am OK with this, especially since it allows me to stay home with my kids and dabble in building my own businesses for fun/small supplemental income. I already consider myself semi-retired since I get to choose my work. And my DH works for the federal gov doing a job he really enjoys. After many years in a life-sucking corporate job, this position also feels like semi-retirement for him. However, we still meticulously track our spending/savings so that we continue to have these types of choices while also saving for full retirement and college funds.

Once my younger two are done with preschool, our spend should go down a bit.

Optimiser

  • Pencil Stache
  • ****
  • Posts: 535
  • Age: 35
  • Location: PNW
Re: Poll: What is your 2017 spending?
« Reply #36 on: January 02, 2018, 03:08:35 PM »
Two adults, two children - moderate cost of living area

39.5K

Highlights:

8.7K- Housing - 22%
5.5K - Food - 14%
4.6K - Auto Expenses - 12%
4.1K - Travel - 10%
3.5K - Charitable - 9%
3.2K - Medical - 8%
3.2K - Student Loan Interest - 8%

I don't count student loan principal as a current period expense.
« Last Edit: January 02, 2018, 03:19:59 PM by Optimiser »

Cassie

  • Magnum Stache
  • ******
  • Posts: 4212
Re: Poll: What is your 2017 spending?
« Reply #37 on: January 02, 2018, 03:22:21 PM »
2 adults in a medium COL area.  WE spent 72k. Our major expenses are health care insurance and medical bills- 11k, vet expenses, food, meds, grooming  for 4 old dogs= $10k,  2 have just passed away now,  traveling 10k and since we are older (63) we have really increased our eating out and fun $ because frankly who knows how long this stage will last ($9600).

neophyte

  • Bristles
  • ***
  • Posts: 453
  • Location: A wretched hive of scum and villainy
Re: Poll: What is your 2017 spending?
« Reply #38 on: January 02, 2018, 03:40:25 PM »
Single, 1 cat. I didn't keep good records this year, but over $300k. Up from around $13k last year.  I did buy a house though.
« Last Edit: January 02, 2018, 03:47:09 PM by neophyte »

ozbeach

  • Bristles
  • ***
  • Posts: 257
  • Age: 54
  • Location: Australia
Re: Poll: What is your 2017 spending?
« Reply #39 on: January 02, 2018, 04:25:01 PM »
AU$19,320 (US$14,770) - this is bang on what I have been spending for the last few years.

Single, one dog, paid-off mortgage.

Although, I did buy a new car in January (~$20K) which I haven't included. I'm not sure how to account for this. It has a seven year warranty and fixed price service schedule so I might include $3K per year going forward as a replacement car cost, even though I kept last car for 15 years and intend to run this one into the ground.

I will hopefully FIRE this year and am budgeting for a $24K per annum spend (giving myself a $1K pay day on the 1st and 15th of each month), so I could put aside $3K per year for the next seven and still be under budget. At this stage I am more inclined to not worry about it and just pull money out of investments when/if needed.

Savings rate was only 11%, but this does include purchasing the car, and is in a sabbatical year in which my net salary was around 1/3 normal. Excluding car cost my savings rate would have been 45%
FIREd @ 52

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 4103
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: Poll: What is your 2017 spending?
« Reply #40 on: January 02, 2018, 04:27:07 PM »
Lots of spending to get our old house fixed up for sale.  Thankfully, that's over with.  (Crosses fingers for luck.)

JSMustachian

  • 5 O'Clock Shadow
  • *
  • Posts: 51
Re: Poll: What is your 2017 spending?
« Reply #41 on: January 02, 2018, 04:57:00 PM »
2 adults- 2017 spending came in at $47,756. If we took out our 15 year mortgage payments, we are at $34,880. I'm very happy with these numbers since before I found MMM, our spending in 2016 was $91,449.


FireLane

  • Bristles
  • ***
  • Posts: 321
  • Location: NYC
Re: Poll: What is your 2017 spending?
« Reply #42 on: January 02, 2018, 06:44:44 PM »
The FireLane household's 2017 spending was around $80K. Very un-Mustachian of us! That number doesn't include my mortgage, but I count that as saving since it's nearly paid off and almost all the money is going to principal, which boosts our equity. That will be done with very soon and all that cashflow will go to investments.

Of our non-discretionary expenses, around $6000 was for daycare and another $5500 was for commuting. (Damn, commuting is expensive, even when you take mass transit!) Those are two big categories that we only have because we're working. We won't need them in retirement.

Another $8000 was for various charitable donations, which we could reduce at will. Last but not least, about $3000 went to a catered first birthday party for Little FL. That was an indulgence, but it was good to have so many friends and family together, and we won't do it every year.

Cut out those categories, and our spending for 2017 would be closer to $55,000. Still more than I'd like to be spending, but for two adults and a kid in an HCOL area, it's not too bad. And we have more reductions on the way. We switched to cheaper car insurance last year, and we've started seeing the benefit of that. We're also making plans to set up a home gym.

NotJen

  • Bristles
  • ***
  • Posts: 332
Re: Poll: What is your 2017 spending?
« Reply #43 on: January 02, 2018, 08:17:58 PM »
$27,500.  Single, LCOL, paid-off mortgage.

Just put the details in my journal this morning.  Largest single expense was food, as it usually is.  I was pretty happy with this number, as I was not actively trying to cut back.
Journal: Has Enough          Ting Referral Link: Get $25 Credit!

Vapour

  • 5 O'Clock Shadow
  • *
  • Posts: 38
Re: Poll: What is your 2017 spending?
« Reply #44 on: January 02, 2018, 09:04:11 PM »
I spent $32,250 in 2017 for a single person in a fairly low COL area.  This was my most expensive year since I started tracking around 6 years ago.  I'm usually in the $20-25k range.  This year I had about $12.5k of house maintenance items.  New windows upstairs and a new furnace and A/C since my furnace died on Christmas Eve.  It did last about 40 years so I can't complain too much.

Rough breakdown:
House PITI: 32%
House Maintenance (windows and HVAC): 39%
Charity: 7.8%
Food: 4.5%
Electricity/Gas: 3.9%
Everything Else: 12.8%

My employer provides a no cost to me high deductible health insurance plan and I didn't have any doctor visits this year, so that definitely helped.  Healthcare is my main concern for retiring early since that can be a large expense that I'm not paying now.  This year also made me realize my planned house maintenance budget when FIREd should probably be increased.  I still saved a lot this year and I'm on track to hit my number in 4-6 years, so I'm happy enough.

CCCA

  • Bristles
  • ***
  • Posts: 392
  • Location: Bay Area, California
  • born before the 80's
    • FI programming
Re: Poll: What is your 2017 spending?
« Reply #45 on: January 10, 2018, 05:41:06 PM »
Looks like the poll is done.  The distribution of poll results is kinda what I expected (for the first 250 respondents).


We seem to have a relatively normal distribution around $40-50k, though you could argue some sort of bimodal thing going on at $20-30k and $40-50k.  I think part of that could be chalked up to the fact that some people answering the polls were single people, couples or even large families so there will be maybe multiple distributions that are layered on top of one another. 


There seems to be a long tail as well, with a fair number over $140k.  When I made the poll I wondered how far up I should go, but I'm a little surprised that the high numbers have so many respondents. 






wenchsenior

  • Handlebar Stache
  • *****
  • Posts: 1663
Re: Poll: What is your 2017 spending?
« Reply #46 on: January 10, 2018, 06:19:52 PM »
~71K for 2 adults in one household, plus partial support for a third adult in another house.  This is a bit higher than typical ; we aim for the mid 60s, usually.

Freedomsaver

  • 5 O'Clock Shadow
  • *
  • Posts: 2
Re: Poll: What is your 2017 spending?
« Reply #47 on: January 10, 2018, 10:46:59 PM »
Single LCOL with small mortgage payment. I spent $23,260.57 +or- some folding money and pocket change. My goal was 24K. I traded my new car in on an older truck without a payment so Iím shooting for 18-20K total this year.

FrugalByChance

  • 5 O'Clock Shadow
  • *
  • Posts: 14
  • Age: 45
  • Location: The Netherlands
    • Net Worth Progress
Re: Poll: What is your 2017 spending?
« Reply #48 on: January 11, 2018, 06:19:51 AM »
Single 45 year old guy with a payed off home in the Netherlands.
Total spending in 2017 was 12 454.61 EUR (= 14 879.48 USD).

Free Time
4 485.76 EUR
Groceries etc 2 248.92 EUR
Home(taxes+repairs+utilities) 3 378.84 EUR
Medical1 179.21 EUR
Transportation
464.86 EUR
Insurance
314.06 EUR
Internet
351.58 EUR
Clothing
22.98 EUR
--It is not because things are difficult that we do not dare, it is because we do not dare that they are difficult.
--  Lucius Annaeus Seneca
My Net Worth

Chippewa

  • Pencil Stache
  • ****
  • Posts: 653
  • Location: Grilled cheese, animal style
Re: Poll: What is your 2017 spending?
« Reply #49 on: January 11, 2018, 06:28:29 AM »
Total Expenses + Debt Paid: $75,335.38
Expenses only: $61,067.40 ($23K of that is housing)

2 people, HCOL