### Poll

None. Every penny is spent on necessary items!
2 (4%)
<= 0.5% HHI
5 (10%)
<= 1% HHI
7 (14%)
<= 2% HHI
4 (8%)
<= 3% HHI
6 (12%)
<= 4% HHI
6 (12%)
<= 5% HHI
9 (18%)
> 5% HHI
11 (22%)

Total Members Voted: 50

### Author Topic: How much \$ do you fritter away?  (Read 4420 times)

#### gecko10x

• Bristles
• Posts: 418
##### How much \$ do you fritter away?
« on: December 10, 2015, 11:34:20 AM »
I am curious how much people spend on "latte factor" type impulse spending. My household budgets this type of thing as personal fun money.

Define fun/blow/discretionary however you wish, but it should exclude anything large, like vacations, or it would seriously skew the numbers.

I'll define the calculation as:
(Average monthly spend per adult)/(Average gross monthly household income)*100

p.s. - Hopefully I'm doing this correctly, and the poll doesn't have any major flaws ;-)

Edit: Clarity on calculation
« Last Edit: December 10, 2015, 11:48:30 AM by gecko10x »

#### AZDude

• Handlebar Stache
• Posts: 1296
##### Re: How much \$ do you fritter away?
« Reply #1 on: December 10, 2015, 11:43:56 AM »
Quick calculations have it at about 0.04% of monthly gross income. I will say we are pretty lenient on what is considered a personal/fun purchase and what is part of the household goods/food budget.

#### gecko10x

• Bristles
• Posts: 418
##### Re: How much \$ do you fritter away?
« Reply #2 on: December 10, 2015, 11:49:56 AM »
Quick calculations have it at about 0.04% of monthly gross income. I will say we are pretty lenient on what is considered a personal/fun purchase and what is part of the household goods/food budget.

That's crazy low. Of course, if you used my calc as I had it written, it would have given you a non % value; I have updated it.

#### gecko10x

• Bristles
• Posts: 418
##### Re: How much \$ do you fritter away?
« Reply #3 on: December 10, 2015, 12:05:51 PM »
Seeing two votes for the last option after only 6 votes cast, I added a couple more.

If those two people could please update their vote, that would be good. They are currently listed as "<= 4% HHI"

#### wenchsenior

• Magnum Stache
• Posts: 3475
##### Re: How much \$ do you fritter away?
« Reply #4 on: December 10, 2015, 12:17:15 PM »
Back of envelope calcs indicated about 0.02-0.05% of net income. So, we average 50-200 bucks per month each, usually staying near the low end at the low end. I'm not including very occasional budgeted trips, which we budget and plan for.

EDIT...ack. I can maths. That should be 2-5% of net.
« Last Edit: December 10, 2015, 12:21:00 PM by wenchsenior »

#### AZDude

• Handlebar Stache
• Posts: 1296
##### Re: How much \$ do you fritter away?
« Reply #5 on: December 10, 2015, 01:01:30 PM »
Quick calculations have it at about 0.04% of monthly gross income. I will say we are pretty lenient on what is considered a personal/fun purchase and what is part of the household goods/food budget.

That's crazy low. Of course, if you used my calc as I had it written, it would have given you a non % value; I have updated it.

Ok, those numbers are off. Its actually 1.7%. Not even sure how I got 0.04%. That's like \$4 per \$10,000 of income, which would be rather badass.

#### gecko10x

• Bristles
• Posts: 418
##### Re: How much \$ do you fritter away?
« Reply #6 on: December 10, 2015, 06:35:30 PM »
So, over 300 views and only 26 votes? Clearly my poll is uninteresting ;-)

Oh well, thanks to those that voted! I have to say I'm a bit surprised by the even spread though.

#### use2betrix

• Handlebar Stache
• Posts: 2372
##### Re: How much \$ do you fritter away?
« Reply #7 on: December 10, 2015, 07:31:42 PM »
So, over 300 views and only 26 votes? Clearly my poll is uninteresting ;-)

Oh well, thanks to those that voted! I have to say I'm a bit surprised by the even spread though.

I think a lot are curious and now are wondering such, but feel that many may simply not budget in enough detail to know the exact percentage relative to their HHI.

#### JLee

• Walrus Stache
• Posts: 7332
##### Re: How much \$ do you fritter away?
« Reply #8 on: December 10, 2015, 08:58:03 PM »
Quick calculations have it at about 0.04% of monthly gross income. I will say we are pretty lenient on what is considered a personal/fun purchase and what is part of the household goods/food budget.

0.04 or 0.04% (0.0004)? If the latter, that'd be just over \$3/mo for me, lol.

#### mandy_2002

• Bristles
• Posts: 291
##### Re: How much \$ do you fritter away?
« Reply #9 on: December 10, 2015, 10:25:34 PM »
If calculated like my savings rate (non take home income like HSA Contribution and 401k/mega backdoor Roth added back), it would be less that 2%, but strickly takehome is less than 4% (my response). Honestly, but biggest frivolous spend is travel (on its own 6% of take home).