The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: econberkeley on May 08, 2015, 11:39:33 AM
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Did any of you keep track of your personal inflation rate? I am thinking about doing that, but it looks pretty daunting. I am curious about how close it would be to the CPI. One shocking thing I found out about CPI is that new car prices during the last 20 years did not go up according to CPI. However, based on my experience, they more than doubled.
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Council Rates, Water, Health Insurance & Electricity all seem to go up by 10% each year.
Fortunately I've been able to reduce my Car Insurance and have my Strata Body Corp fees kept low so overall bills inflation is around 4%.
Bills make up 50% of my spending, maybe a bit more :(
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I'd like to, but I have to wait until my expenses finally bottom out. They've been dropping for 3 years now since I started taking things seriously, though this year I might finally hit the bottom.