The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: AlanStache on September 03, 2016, 11:35:43 AM

Title: Spending Case study
Post by: AlanStache on September 03, 2016, 11:35:43 AM
(Note up front: I got stitches on my finger tips last weekend so typing is not easy without two fingers so some sentences will be poorly written because I cant bother to rewrite, sorry.)

Took some time to see what I have been spending this year.  12k in "one offs" really does not help but I am not to upset by the core spending. 

Life outline:  Single but GF lives with me, I pay 99% of common expenses (she is paying down CC debt).  Bought a house 1 year ago, single story 1400sq ft built in 62' one owner since then who got old and relaxed on keeping it up so my maintenance is higher.  Also still own a condo my parent lives in rent free, they started a business two years ago (i funded) that is going well and supporting them besides rent.  I work ~7 miles away been biking more and more.  I travel a bit for work so some numbers will be softer than others, is hard to split out all restaurants/cash that i get reimbursed for. 

Below are all monthly amounts are averaged over this calendar year.

Monthly bills:
car insurance     $25.00 (metro mile, is base rate they pay per mile)
cell phone          $25.00 (google fi, before July I was with tmoble at 62$/mon)
netflix      $9.99
internet      $62.40
electric power   $92.22
sanitation           $28.22
water              $63.33
natural gas      $40.22

Condo mortgage $964, 15 year at 3.5%  (owe ~90k)
Condo fees         $150
House mortgage  $912, 30 year at 4.2% (owe ~120k)

Costo           $ 438
grocery store   $85
Title: Re: Spending Case study
Post by: MDM on September 03, 2016, 04:53:34 PM
Looks good so far.... :)
Title: Re: Spending Case study
Post by: notactiveanymore on September 03, 2016, 04:58:02 PM
What is your question? Would you like help reducing expenses or cutting unnecessary spending?

Groceries is high for two people. You could probably cut it by $150/month.

How much longer do you plan to subsidize living expenses of three people? Do you have a plan for your parents to get off your dole and start paying rent?

It's kind of impossible to scrutinize someone's discretionary spending and direct living expenses with no context. We have no idea what percentage of your income is devoted to these things. If you're saving 70% on top of the above described, then there isn't a real problem. Well, your parents not paying you rent might still be a relational problem, but you get the drift.
Title: Re: Spending Case study
Post by: Sibley on September 03, 2016, 07:45:18 PM
The main thing I see is Costco, which is very easy to overspend at. Be careful you're not bloating your pantry or throwing spoiled food out.

The elephant in the room is that you're supporting your GF, you funded a business startup and provide free housing for a parent. Are you going to be paid back for the startup funding? Is that parent ever going to contribute to rent? Is your GF going to start contributing to household expenses?