Your Monthly Cost of Living

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Alexa9
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Joined: Tue Aug 30, 2016 9:41 am

Your Monthly Cost of Living

Post by Alexa9 » Fri Apr 06, 2018 8:46 am

What is your total monthly cost of basic living?

1. Housing: rent/mortgage/utilities
2. Transportation: car, insurance, license, registration, gas, maintenance
3. Food: groceries, restaurants
4. Other
Not including fun stuff, entertainment, hobbies, or travel

nimo956
Posts: 729
Joined: Mon Feb 15, 2010 6:07 pm

Re: Your Monthly Cost of Living

Post by nimo956 » Fri Apr 06, 2018 8:55 am

Live in Boston, MA area:

1. Housing- $1,071
2. Transportation- $50
3. Food- $266
4. Other- $157

Total- $1,544 (annual = $18,528)
50% VTI / 50% VXUS

magicrat
Posts: 513
Joined: Sat Nov 29, 2014 7:04 pm

Re: Your Monthly Cost of Living

Post by magicrat » Fri Apr 06, 2018 9:05 am

1. Housing $2400 (mortgage P&I, property tax, insurance, utilities (gas, water, electric, home phone)
2. Car $125 (gas, registration, basic maintenance); Uber/public transit $100
3. Food $1000 (groceries, restaurants, takeout/delivery, on-the-go (e.g. gas station snacks)
4. Not sure what "other" is meant to be

Total $3625

Philadelphia, 2 adults, late 30s
Last edited by magicrat on Fri Apr 06, 2018 10:04 am, edited 1 time in total.

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JoMoney
Posts: 6275
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Re: Your Monthly Cost of Living

Post by JoMoney » Fri Apr 06, 2018 9:11 am

1. $0 ($1,500 if you want the value of employer provided housing)
2. $0 (... some months I'll spend between $50-$100 on taxi/Uber, others $0 ...)
3. $30 grocery , $500 restaurant/work cafeteria
4. <$20 on toiletries

+ a whole lot on the stuff you said not to include.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

rec7
Posts: 2369
Joined: Tue Oct 28, 2008 7:22 pm

Re: Your Monthly Cost of Living

Post by rec7 » Fri Apr 06, 2018 9:17 am

For two
1. Housing- 475
2. Transportation- 150
3. Food- 600
4. Other- 200

Total 1425
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack

misscourtneyk
Posts: 40
Joined: Mon Dec 19, 2016 11:42 am
Location: The Great South

Re: Your Monthly Cost of Living

Post by misscourtneyk » Fri Apr 06, 2018 9:22 am

1. Housing: $650
2. Transportation: $150
3. Food: $400
4. Other: $200

Total: $1400
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.

LiterallyIronic
Posts: 849
Joined: Sat Dec 05, 2015 10:36 am

Re: Your Monthly Cost of Living

Post by LiterallyIronic » Fri Apr 06, 2018 9:23 am

Alexa9 wrote:
Fri Apr 06, 2018 8:46 am
What is your total monthly cost of basic living?

1. Housing: rent/mortgage/utilities
2. Transportation: car, insurance, license, registration, gas, maintenance
3. Food: groceries, restaurants
4. Other
Not including fun stuff, entertainment, hobbies, or travel
1. PITI = $808.73; Utitilies (electric, gas, water, sewer, trash, etc + cell phones & Internet) = $306.88 average; Total = $1,115.61
2. Car insurance, registration, gasoline, maintenance = $207
3. Groceries + restaurants = $232 (two adults and a one-year-old).
4. Not sure what you want here, but I know it's not fun stuff. A vast majority of what I would consider "cost of basic living" is in the three items above. Things beside those could technically be dropped if we really got in a bind. For item number four, do you want stuff like "Personal Care", "Clothes", "Gifts", "Yard Maintenance", and so on?

Total for Items 1-3 is $1,554.61 (over half of which is the PITI). I'm in Utah.

Also, how is everyone getting by with lower housing bills than us? We bought the cheapest house we could find with 29% down!

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Tyrobi
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Re: Your Monthly Cost of Living

Post by Tyrobi » Fri Apr 06, 2018 9:26 am

Family of four (2 adults, 2 kids)

1. Housing: $1072 (insurance/tax/HOA/maintenance; no mortgage)
2. Transportation: $490 (car replacement fund/gas/toll; no car loan)
3. Food: $600 (groceries, restaurants)
4. All others: $1953 (travel/entertainment/charity/health insurance/etc)

Total: $4,115/month ($49,380/year)
Three-fund portfolio | "Simplicity is the master key to financial success." John C. Bogle

keinodoggy
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Re: Your Monthly Cost of Living

Post by keinodoggy » Fri Apr 06, 2018 9:33 am

Don't forget taxes and property taxes......

soccerrules
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Joined: Mon Nov 14, 2016 4:01 pm

Re: Your Monthly Cost of Living

Post by soccerrules » Fri Apr 06, 2018 9:41 am

these threads always seem to flow to a feel of ....."my costs are lower than yours" .
Texas - 2 adults, 1 HS kid at home, 1 kid at univ.

1. Housing: $3035 (mortgage 1510, prop tax 800, Insurance 225,Utilities 500)
2. Transportation: @500 (Insurance -4 cars, Gas, registration/repairs, tolls, no loan)
3. Food: $1000 ( Groceries , household supplies, eating out)
4. Other: ???
Don't let your outflow exceed your income or your upkeep will be your downfall.

Broadway2018
Posts: 178
Joined: Sat May 13, 2017 3:34 pm

Re: Your Monthly Cost of Living

Post by Broadway2018 » Fri Apr 06, 2018 9:44 am

Baltimore, MD
1. Housing: rent/mortgage/utilities - $2450
2. Transportation: car, insurance, license, registration, gas, maintenance - $1310 ( 2 cars, insurance, gas, and occasionally tickets/tolls)
3. Food: groceries, restaurants - $750

JBTX
Posts: 4242
Joined: Wed Jul 26, 2017 12:46 pm

Re: Your Monthly Cost of Living

Post by JBTX » Fri Apr 06, 2018 9:55 am

.......
Last edited by JBTX on Sat Aug 04, 2018 8:36 pm, edited 1 time in total.

buybuybuy
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Joined: Mon Mar 26, 2018 12:08 pm

Re: Your Monthly Cost of Living

Post by buybuybuy » Fri Apr 06, 2018 9:58 am

Single, Chicago downtown:
1. Housing: $1,350 (includes parking)
2. Transportation: $ 700 (EMI, gas, Insurance etc.)
3. Food/ Groceries: $300-$400
4. Misc: $200

ImmigrantSaver
Posts: 221
Joined: Tue Nov 22, 2016 6:24 pm

Re: Your Monthly Cost of Living

Post by ImmigrantSaver » Fri Apr 06, 2018 9:59 am

NYC, single
Rent/utilities $3050 ($1000 of which is parent's rent I cover)
Transporation $120 subway card (pretax money)
Groceries: maybe $100 (get tons of cooked meals from above metioned parents :wink: )
Overall spend roughly $2k per month excluding housing - 80% of which is on travel/eating out/entertainment

JBTX
Posts: 4242
Joined: Wed Jul 26, 2017 12:46 pm

Re: Your Monthly Cost of Living

Post by JBTX » Fri Apr 06, 2018 10:00 am

soccerrules wrote:
Fri Apr 06, 2018 9:41 am
these threads always seem to flow to a feel of ....."my costs are lower than yours" .
Texas - 2 adults, 1 HS kid at home, 1 kid at univ.

1. Housing: $3035 (mortgage 1510, prop tax 800, Insurance 225,Utilities 500)
2. Transportation: @500 (Insurance -4 cars, Gas, registration/repairs, tolls, no loan)
3. Food: $1000 ( Groceries , household supplies, eating out)
4. Other: ???
My expenses are bigger than yours!!!

Well clearly I am losing! :beer

I’m always a bit skeptical of these numbers and what they may not include.
Last edited by JBTX on Fri Apr 06, 2018 10:01 am, edited 1 time in total.

mak1277
Posts: 800
Joined: Fri Jan 09, 2015 4:26 pm

Re: Your Monthly Cost of Living

Post by mak1277 » Fri Apr 06, 2018 10:01 am

I'd love to participate but I only track total monthly outflow...no categories.

bgf
Posts: 653
Joined: Fri Nov 10, 2017 9:35 am

Re: Your Monthly Cost of Living

Post by bgf » Fri Apr 06, 2018 10:13 am

Alexa9 wrote:
Fri Apr 06, 2018 8:46 am
What is your total monthly cost of basic living?

1. Housing: $1325 mortgage + ~$1200 annual insurance + ~$3400 property taxes + ~$300 in utilities
2. Transportation: ~$95 car insurance + $50-$75 in gas (2-3 fillups)
3. Food: $600-700 groceries + $100-$200restaurants
4. Other $500+?? wipes, diapers, random but inevitable maintenance for house/cars, etc.
5. Daycare $840
Not including fun stuff, entertainment, hobbies, or travel
married with a 16 month old. two paid off cars.
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST"

Sojourner
Posts: 3
Joined: Mon Mar 12, 2018 4:53 pm

Re: Your Monthly Cost of Living

Post by Sojourner » Fri Apr 06, 2018 10:17 am

Lexington KY, Single male

March 2018 cost of living:

Rent + Utilities: $995.44 [$964 - Rent, $31.44 - Electricity. No internet/cable/TV].
Transportation: $52.63 [Gas, Insurance already paid out for 6 months in advanced, I now bike to work].
Groceries: $142.26.
Entertainment: $63.36 [Range shooting].
Total: $1253.69

Sojourner

Jon H
Posts: 108
Joined: Sun Jan 21, 2018 2:50 pm

Re: Your Monthly Cost of Living

Post by Jon H » Fri Apr 06, 2018 10:32 am

Married plus college kid (home on breaks)
Philly Burbs

1. Housing: mortgage 2400/tax 1000/utilities (elec/phone/net) 600-1000
2. Transportation: car, insurance, license, registration, gas, maintenance 400 (for three cars)
3. Food: groceries, restaurants 300
4. Other 300-500

Total $5000-$5600
Last edited by Jon H on Fri Apr 06, 2018 10:35 am, edited 1 time in total.
Consider gain and loss, but never be greedy and everything will be alright (fortune cookie)

runner3081
Posts: 1713
Joined: Mon Aug 22, 2016 3:22 pm

Re: Your Monthly Cost of Living

Post by runner3081 » Fri Apr 06, 2018 10:34 am

1. Housing: rent/mortgage/utilities - $1,466.32 (includes internet)
2. Transportation: car, insurance, license, registration, gas, maintenance: $351.47
3. Food: groceries, restaurants: $270
4. Other:
Non-Auto/home Insurance (Life, etc): $96.42
Memberships (Amazon, AAA, etc): $25.91
Gifts: $60.00
Clothes: $35.00
All Other (huge bucket for EVERYTHING else, housewares, household, travel, entertainment, etc ) $592.00 (we don't spend much)

TOTAL: $2,802.12

Not showing are savings.

Family of 3.

smitcat
Posts: 2075
Joined: Mon Nov 07, 2016 10:51 am

Re: Your Monthly Cost of Living

Post by smitcat » Fri Apr 06, 2018 10:43 am

JBTX wrote:
Fri Apr 06, 2018 10:00 am
soccerrules wrote:
Fri Apr 06, 2018 9:41 am
these threads always seem to flow to a feel of ....."my costs are lower than yours" .
Texas - 2 adults, 1 HS kid at home, 1 kid at univ.

1. Housing: $3035 (mortgage 1510, prop tax 800, Insurance 225,Utilities 500)
2. Transportation: @500 (Insurance -4 cars, Gas, registration/repairs, tolls, no loan)
3. Food: $1000 ( Groceries , household supplies, eating out)
4. Other: ???
My expenses are bigger than yours!!!

Well clearly I am losing! :beer

I’m always a bit skeptical of these numbers and what they may not include.
So I can help you folks out with being lower....
1. Housing: $3,200
2. Transportation $1,200
3. Food: $1,100
4. Other $800
Taxes would be more than double all the above. 3 people living in NY.

ImmigrantSaver
Posts: 221
Joined: Tue Nov 22, 2016 6:24 pm

Re: Your Monthly Cost of Living

Post by ImmigrantSaver » Fri Apr 06, 2018 10:56 am

smitcat wrote:
Fri Apr 06, 2018 10:43 am
JBTX wrote:
Fri Apr 06, 2018 10:00 am
soccerrules wrote:
Fri Apr 06, 2018 9:41 am
these threads always seem to flow to a feel of ....."my costs are lower than yours" .
Texas - 2 adults, 1 HS kid at home, 1 kid at univ.

1. Housing: $3035 (mortgage 1510, prop tax 800, Insurance 225,Utilities 500)
2. Transportation: @500 (Insurance -4 cars, Gas, registration/repairs, tolls, no loan)
3. Food: $1000 ( Groceries , household supplies, eating out)
4. Other: ???
My expenses are bigger than yours!!!

Well clearly I am losing! :beer

I’m always a bit skeptical of these numbers and what they may not include.
So I can help you folks out with being lower....
1. Housing: $3,200
2. Transportation $1,200
3. Food: $1,100
4. Other $800
Taxes would be more than double all the above. 3 people living in NY.
Just curious why the transportation is so much. Are you in the city or Weschester?

Hillview
Posts: 314
Joined: Fri Feb 02, 2018 7:27 am

Re: Your Monthly Cost of Living

Post by Hillview » Fri Apr 06, 2018 11:04 am

Household and utilities include apartment in our house for mother and her utilities.

3 adults and 2 teenagers
Housing: no mortgage, 1k taxes, 1k utilities (includes all utilities, ranges from $500 to over $1500 depending on heating costs so I budget $1k a month), insurance 500 = $2500
Cars: $250 gas, $183 insurance, $200 for maintenance (set aside), $50 excise tax = $683
Food including restaurants: $2000

Other is pretty broad. I have costs for copayments for medical, braces for the kids teeth, automatic savings for retirement, gym membership, life insurance, LTD insurance, umbrella insurance, dog expenses (vet). These numbers are actuals based on proactive budgeting. If you'd have asked me 2 years ago my guesstimates would have been really off. YMMV.

smitcat
Posts: 2075
Joined: Mon Nov 07, 2016 10:51 am

Re: Your Monthly Cost of Living

Post by smitcat » Fri Apr 06, 2018 11:07 am

ImmigrantSaver wrote:
Fri Apr 06, 2018 10:56 am
smitcat wrote:
Fri Apr 06, 2018 10:43 am
JBTX wrote:
Fri Apr 06, 2018 10:00 am
soccerrules wrote:
Fri Apr 06, 2018 9:41 am
these threads always seem to flow to a feel of ....."my costs are lower than yours" .
Texas - 2 adults, 1 HS kid at home, 1 kid at univ.

1. Housing: $3035 (mortgage 1510, prop tax 800, Insurance 225,Utilities 500)
2. Transportation: @500 (Insurance -4 cars, Gas, registration/repairs, tolls, no loan)
3. Food: $1000 ( Groceries , household supplies, eating out)
4. Other: ???
My expenses are bigger than yours!!!

Well clearly I am losing! :beer

I’m always a bit skeptical of these numbers and what they may not include.
So I can help you folks out with being lower....
1. Housing: $3,200
2. Transportation $1,200
3. Food: $1,100
4. Other $800
Taxes would be more than double all the above. 3 people living in NY.
Just curious why the transportation is so much. Are you in the city or Weschester?
That is my total monthly cost for auto expense in LI NY.
4 cars/trucks , including insurance, tags, gas, maintenance, and replacement.

ImmigrantSaver
Posts: 221
Joined: Tue Nov 22, 2016 6:24 pm

Re: Your Monthly Cost of Living

Post by ImmigrantSaver » Fri Apr 06, 2018 11:10 am

smitcat wrote:
Fri Apr 06, 2018 11:07 am
ImmigrantSaver wrote:
Fri Apr 06, 2018 10:56 am
smitcat wrote:
Fri Apr 06, 2018 10:43 am
JBTX wrote:
Fri Apr 06, 2018 10:00 am
soccerrules wrote:
Fri Apr 06, 2018 9:41 am
these threads always seem to flow to a feel of ....."my costs are lower than yours" .
Texas - 2 adults, 1 HS kid at home, 1 kid at univ.

1. Housing: $3035 (mortgage 1510, prop tax 800, Insurance 225,Utilities 500)
2. Transportation: @500 (Insurance -4 cars, Gas, registration/repairs, tolls, no loan)
3. Food: $1000 ( Groceries , household supplies, eating out)
4. Other: ???
My expenses are bigger than yours!!!

Well clearly I am losing! :beer

I’m always a bit skeptical of these numbers and what they may not include.
So I can help you folks out with being lower....
1. Housing: $3,200
2. Transportation $1,200
3. Food: $1,100
4. Other $800
Taxes would be more than double all the above. 3 people living in NY.
Just curious why the transportation is so much. Are you in the city or Weschester?
That is my total monthly cost for auto expense in LI NY.
4 cars/trucks , including insurance, tags, gas, maintenance, and replacement.
Got it. Makes sense

Independent George
Posts: 309
Joined: Wed Feb 17, 2016 12:13 pm

Re: Your Monthly Cost of Living

Post by Independent George » Fri Apr 06, 2018 12:50 pm

Single, Chicago North Side

Mortgage: $981
Property Taxes: $290 (Escrow)
Condo Fees: $710
Home Insurance: $33 ($400 annual)
Electricity: $50
Cable/Phone/Internet: $40
Mobile Phone: $65
CTA Transit Pass: $25
Laundry: $25
Groceries: $325

Total non-discretionary: $2,544

The condo fees are the killer in my expenses. They were significantly lower when I bought at peak bubble ($396/month when I first moved in), but that's what multiple major building repairs and a gross mismanagement from the original condo board (which was controlled by the developer) will do to you. Hopefully it will hold steady or decline now that we're actually managing the building properly (or better, at least).

Learn from my mistakes, Young Bogleheads.

ImmigrantSaver
Posts: 221
Joined: Tue Nov 22, 2016 6:24 pm

Re: Your Monthly Cost of Living

Post by ImmigrantSaver » Fri Apr 06, 2018 1:44 pm

Independent George wrote:
Fri Apr 06, 2018 12:50 pm
Single, Chicago North Side

Mortgage: $981
Property Taxes: $290 (Escrow)
Condo Fees: $710
Home Insurance: $33 ($400 annual)
Electricity: $50
Cable/Phone/Internet: $40
Mobile Phone: $65
CTA Transit Pass: $25
Laundry: $25
Groceries: $325

Total non-discretionary: $2,544

The condo fees are the killer in my expenses. They were significantly lower when I bought at peak bubble ($396/month when I first moved in), but that's what multiple major building repairs and a gross mismanagement from the original condo board (which was controlled by the developer) will do to you. Hopefully it will hold steady or decline now that we're actually managing the building properly (or better, at least).

Learn from my mistakes, Young Bogleheads.
You should see the maintenance fees on the coops in Manhattan! $1000 for a studio, $1500 - $2000 :shock: It does include taxes to be fair but still..

delamer
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Joined: Tue Feb 08, 2011 6:13 pm

Re: Your Monthly Cost of Living

Post by delamer » Fri Apr 06, 2018 2:01 pm

Why do you ask?

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Alexa9
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Re: Your Monthly Cost of Living

Post by Alexa9 » Fri Apr 06, 2018 2:47 pm

delamer wrote:
Fri Apr 06, 2018 2:01 pm
Why do you ask?
Just for comparison, I would also like to ask city and income but that might be too personal. I know some people splurge on housing and others on cars or dining out. It's interesting to see how Bogleheads spend their money. I am also interested in the ratio of housing : car : food to see what people value most. There is a joke round these parts about living in a trailer park and driving a Mercedes.

ImUrHuckleberry
Posts: 140
Joined: Sat Apr 15, 2017 7:44 am

Re: Your Monthly Cost of Living

Post by ImUrHuckleberry » Fri Apr 06, 2018 4:14 pm

Alexa9 wrote:
Fri Apr 06, 2018 8:46 am
What is your total monthly cost of basic living?

1. Housing: rent/mortgage/utilities
2. Transportation: car, insurance, license, registration, gas, maintenance
3. Food: groceries, restaurants
4. Other
Not including fun stuff, entertainment, hobbies, or travel
1. $1750 mortgage, insurance, taxes, water + sewer
2. $500 gas, insurance, registration for two vehicles (no car loans most of the cost is gas for my insane commute)
3. $1250 groceries, restaurants
4. $300 cable, internet, cell phones

$3800/month for family of 3 not including school loan and HELOC payments which brings the current monthly outlay to ~ $6000.

smitcat
Posts: 2075
Joined: Mon Nov 07, 2016 10:51 am

Re: Your Monthly Cost of Living

Post by smitcat » Fri Apr 06, 2018 5:06 pm

Alexa9 wrote:
Fri Apr 06, 2018 2:47 pm
delamer wrote:
Fri Apr 06, 2018 2:01 pm
Why do you ask?
Just for comparison, I would also like to ask city and income but that might be too personal. I know some people splurge on housing and others on cars or dining out. It's interesting to see how Bogleheads spend their money. I am also interested in the ratio of housing : car : food to see what people value most. There is a joke round these parts about living in a trailer park and driving a Mercedes.
Where is around these parts for you?

airborne
Posts: 43
Joined: Mon Jan 15, 2018 12:04 pm

Re: Your Monthly Cost of Living

Post by airborne » Fri Apr 06, 2018 5:14 pm

Alexa9 wrote:
Fri Apr 06, 2018 8:46 am
What is your total monthly cost of basic living?

1. Housing: rent/mortgage/utilities
2. Transportation: car, insurance, license, registration, gas, maintenance
3. Food: groceries, restaurants
4. Other
Not including fun stuff, entertainment, hobbies, or travel
~$2600 for the basics. Usually run a $4200 monthly budget on net income of $6-7k.

1. $1200 rent & utilities
2. $120 public transport & Uber
3. $1200-1400 restaurants (mainly) and groceries
4. Other is student loan payments, clothing, health care, etc etc.

Living in a HCOL area but in one of the cheaper major cities.

User avatar
CyclingDuo
Posts: 1838
Joined: Fri Jan 06, 2017 9:07 am

Re: Your Monthly Cost of Living

Post by CyclingDuo » Fri Apr 06, 2018 5:20 pm

Alexa9 wrote:
Fri Apr 06, 2018 8:46 am
What is your total monthly cost of basic living?
1. Housing: mortgage/utilities: $1197 PITI/$280 Utilities/$19 Garbage/$75 Insect Pest Control = $1571
2. Transportation: cars, insurance, license, registration, gas, maintenance = $455
3. Food: groceries, restaurants = $1100
4. Other: Cable/Internet/Home Maintenance/Cells/Tithing/Charity/Hair/Pets/Clothing/Dry Cleaning/Health Care/Dental = $1837

Total: $4963

One popular rule of thumb says that one percent of the purchase price of your home should be set aside each year for ongoing maintenance. For example, if your home cost $300,000, you should budget $3,000 per year for maintenance.
https://www.thebalance.com/home-mainten ... get-453820

Not many listing home maintenance costs - which, if you own property, should be at least considered as part of your monthly basic living costs.

Now, on to the most important basic cost of living. :dollar

5. Monthly Savings: $6500 (currently in year two of super-saving)
Last edited by CyclingDuo on Sat Apr 07, 2018 8:23 am, edited 4 times in total.
"Everywhere is within walking distance if you have the time." ~ Steven Wright

Njm8845
Posts: 79
Joined: Fri Aug 05, 2016 1:28 am

Re: Your Monthly Cost of Living

Post by Njm8845 » Fri Apr 06, 2018 5:33 pm

JBTX wrote:
Fri Apr 06, 2018 10:00 am
My expenses are bigger than yours!!!

Well clearly I am losing! :beer

I’m always a bit skeptical of these numbers and what they may not include.
I agree, some of these numbers are hard to believe. And why only list a portion of all spending categories?

I track this very closely. Live in suburb of Seattle. 2 toddlers and a wife. Here are my categories and monthly spending for 2017:

Rent: 1,749
Car/Gas: 300
Medical: 716
Groceries: 728
Household: 390
Gifts: 88
Clothes: 207
Restaurants: 662
Trips: 1,188
Utilities/Phone: 197
Entertainment/Fitness: 212

Any thoughts?

The big category that could easily be cut out is "trips". Although we have the money and are passionate about travel, so I don't mind. Restaurants are high because that is correlated with trips. More likely to eat out on vacation.

Examples of entertainment is mainly music class for kids. They seem to love it.

Medical should come way down this year.

I think groceries is the category with the most potential for savings.

Bogled4Life
Posts: 3
Joined: Wed Jul 05, 2017 1:50 pm

Re: Your Monthly Cost of Living

Post by Bogled4Life » Fri Apr 06, 2018 5:42 pm

We'll be 58 and 60 this year and own a paid-off home and 2 paid-off cars in the Northeast. Youngest child still "at home" (college student).

1. Housing Total = $793
Utilities (gas $60, electricity $90, water $21) = $171
Homeowner's Insurance = $77
Property (includes garbage pickup & sewer) & School Taxes = $545

2. Transportation Total = $316
Auto insurance (2 cars) = $135
Gas = $126
Routine Maintenance = $55

3. Food Total = $930
Groceries (3 adults) = $780
Restaurants & Fast Food = $150

4. Other Total = $261
Cell Phones (2 w/ unlimited data) = $96
Cable = $110
Internet = $55

Edited to add
5. Health & Fitness Total = $700 (includes health, dental & vision insurance and out-of-pocket expenses for doctors, dentist & prescriptions)
Last edited by Bogled4Life on Fri Apr 06, 2018 8:27 pm, edited 4 times in total.

Wolkenspiel
Posts: 554
Joined: Wed Sep 30, 2009 7:45 am

Re: Your Monthly Cost of Living

Post by Wolkenspiel » Fri Apr 06, 2018 5:49 pm

Boston suburbs, family of 5, in round numbers:

1. Housing: rent/mortgage/utilities: $4300
2. Transportation: car, insurance, license, registration, gas, maintenance: $2000 (3 cars, incl. '14 911 C4s)
3. Food: groceries, restaurants: $1200
4. Other: ???

sschoe2
Posts: 296
Joined: Fri Feb 24, 2017 4:42 pm

Re: Your Monthly Cost of Living

Post by sschoe2 » Fri Apr 06, 2018 6:01 pm

I am in a state of flux since my mom passed and I am living and paying for the house alone.
Mortgage: $1250 (goes up or down as much as $200 based on property tax escrow which is more than half of the mortgage)
Home warranty $53
insurance (car+home) $195
electric: $90
Nat gas: $57
cable internet: $62
groceries $175
gas+tolls: $160
pets: a lot right now I have a sick dog with IVDD.
~$2200 or so. Attacking it where I can.

delamer
Posts: 6392
Joined: Tue Feb 08, 2011 6:13 pm

Re: Your Monthly Cost of Living

Post by delamer » Fri Apr 06, 2018 7:03 pm

Alexa9 wrote:
Fri Apr 06, 2018 2:47 pm
delamer wrote:
Fri Apr 06, 2018 2:01 pm
Why do you ask?
Just for comparison, I would also like to ask city and income but that might be too personal. I know some people splurge on housing and others on cars or dining out. It's interesting to see how Bogleheads spend their money. I am also interested in the ratio of housing : car : food to see what people value most. There is a joke round these parts about living in a trailer park and driving a Mercedes.

But without income, area, and savings rates, what does the budget tell you? I could have relatively low food costs because I have a long, expensive commute to work. That doesn’t mean that I “value” transportation more than food.
Last edited by delamer on Fri Apr 06, 2018 7:15 pm, edited 1 time in total.

jibantik
Posts: 70
Joined: Fri Nov 24, 2017 1:05 pm

Re: Your Monthly Cost of Living

Post by jibantik » Fri Apr 06, 2018 7:10 pm

Incredible, users on this forum simultaneously live on a 1-2k a month and be so worried about retiring on 5 million they have to tell us about it :D

22twain
Posts: 1599
Joined: Thu May 10, 2012 5:42 pm

Re: Your Monthly Cost of Living

Post by 22twain » Fri Apr 06, 2018 7:39 pm

Married couple, mid-late 60s, retired, no kids, house paid off, small town in the South.

Housing $600 - utilities, property tax, home insurance, appliance replacement;
Transportation $450 - two small cars, pro-rated capital cost over 10 years, gasoline, insurance, maintenance
Food $500 - both groceries and occasional "eat out"
Medical $450 - Medicare premiums for one, employer retiree healthcare for the other, some co-pays
Phone+internet $120 - no pay TV
Income tax $150 - all-time low because of small taxable income; not collecting SS or RMDs yet
Total $2,270 per month or $27,240 per year

Charitable contributions and some travel brought the total up to about $37,000 for the year.
My investing princiPLEs do not include absolutely preserving princiPAL.

Pinotage
Posts: 249
Joined: Sat Nov 12, 2011 6:02 am

Re: Your Monthly Cost of Living

Post by Pinotage » Fri Apr 06, 2018 7:56 pm

smitcat wrote:
Fri Apr 06, 2018 5:06 pm
Alexa9 wrote:
Fri Apr 06, 2018 2:47 pm
delamer wrote:
Fri Apr 06, 2018 2:01 pm
Why do you ask?
Just for comparison, I would also like to ask city and income but that might be too personal. I know some people splurge on housing and others on cars or dining out. It's interesting to see how Bogleheads spend their money. I am also interested in the ratio of housing : car : food to see what people value most. There is a joke round these parts about living in a trailer park and driving a Mercedes.
Where is around these parts for you?
Also, OP - you neglected to include your own monthly COL.

AlohaJoe
Posts: 3921
Joined: Mon Nov 26, 2007 2:00 pm
Location: Saigon, Vietnam

Re: Your Monthly Cost of Living

Post by AlohaJoe » Fri Apr 06, 2018 8:08 pm

Housing: $35
Transportation: $8
Food: $500
Other: $100

junior
Posts: 761
Joined: Wed Sep 10, 2008 6:14 pm
Contact:

Re: Your Monthly Cost of Living

Post by junior » Fri Apr 06, 2018 8:08 pm

Alexa9 wrote:
Fri Apr 06, 2018 8:46 am
What is your total monthly cost of basic living?

1. Housing: rent/mortgage/utilities
2. Transportation: car, insurance, license, registration, gas, maintenance
3. Food: groceries, restaurants
4. Other
Not including fun stuff, entertainment, hobbies, or travel

1. Housing: 1900 (rent, electricity, water bill/ cable)
2. transportation: $160, maintaining 20 year old car and fuel
3. food: 600, that includes cleaning supplies
gym: 60
clothes: 100

single person living with relative who is unemployed.

SCV_Lawyer
Posts: 59
Joined: Sun Nov 20, 2016 3:24 pm

Re: Your Monthly Cost of Living

Post by SCV_Lawyer » Fri Apr 06, 2018 9:05 pm

1. Housing (mortgage interest, prop taxes, fire/EQ insurance, HOA, utilities/cable/phone/internet, pool guy & gardener, garbage removal): $2,160
2. Transportation (car insurance, gas & registration for 3 vehicles & camper, plus camper storage): $985
3. Groceries (food, sundries, drug store): $1,850
4. Health Insurance and OOP costs: $1,625
5. Term Life: $80
6. Cell phones: $165
7. Gym: $125
8. Work expenses (dry cleaning & parking): $525
9. Mom assistance: $833

$8350

Total budget runs about $12,600/mo.

michaeljc70
Posts: 3882
Joined: Thu Oct 15, 2015 3:53 pm

Re: Your Monthly Cost of Living

Post by michaeljc70 » Fri Apr 06, 2018 9:15 pm

I'm not sure you are comparing apples to apples. Mortgage and rent are not equivalent. My mortgage is $1400 but almost $1000 of that is principal aka building equity.

Traveler
Posts: 651
Joined: Fri Aug 30, 2013 9:07 pm

Re: Your Monthly Cost of Living

Post by Traveler » Fri Apr 06, 2018 9:26 pm

Atlanta, single person

Housing: 575
Transportation: 155
Food: 420
Other: 500 (household items, hair care, toiletries, clothes, drycleaning, medical/dental out of pocket)

Total: 1650

Additional items including travel, entertainment, gifts and charity total 1560

None of the above include income taxes or savings

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Veiled
Posts: 152
Joined: Sun Oct 15, 2017 7:12 am

Re: Your Monthly Cost of Living

Post by Veiled » Sat Apr 07, 2018 7:42 am

Single, no kids, Midwest:
Rent/utilities/internet: 800
Food/medical: 300
Car (loan, gas, maintenance, prop tax): 300
Insurance: 250

Total COL including a few other things (donations, professional dues): 2500

I'm lucky to have few to zero medical copays and bills, live in an LCOL, and have an Aldi down the street. Someone asked about the ratio of housing to car to food. Mine is 8:3:3.
Pardon me as I read these one hundred and fifty-seven SP vs LLC vs Scorp threads...

pomomojo
Posts: 17
Joined: Sat Oct 16, 2010 12:07 pm

Re: Your Monthly Cost of Living

Post by pomomojo » Sat Apr 07, 2018 11:36 am

NYC
30s single

Rent: $2200
Transportation: Gas + Tolls + Insurance + Occasional Subway $300
Food: $600
Utilities: $140 (Internet/Gas/Electric)
Insurance (car/renters/disability): $365

$3605

And this doesn't include discretionary spending....

desafinado
Posts: 119
Joined: Wed Dec 28, 2016 3:14 am

Re: Your Monthly Cost of Living

Post by desafinado » Sat Apr 07, 2018 2:44 pm

nyc, 20s, single

housing: 2500 (rent)
recurring expenses: 250 (utilities, internet, subscriptions, charitable)
everything else: 850
savings: 4000

togb
Posts: 142
Joined: Mon Oct 23, 2017 8:36 pm

Re: Your Monthly Cost of Living

Post by togb » Sun Apr 08, 2018 10:43 pm

Alexa9 wrote:
Fri Apr 06, 2018 8:46 am
What is your total monthly cost of basic living?

1. Housing: rent/mortgage/utilities:
2. Transportation:
3. Food: groceries, restaurants:
4. Other
Not including fun stuff, entertainment, hobbies, or travel
I'm stunned to see some of the low COLs from this group.

For me--the basics:
1. Housing $1800 (PITI, utils including trash, phone, internet)
2. Transportation: 700ish. (one car payment at 0% interest, insurance and maintenance on 3 vehicles, including accruals for tires.)
3. Food: $400 (includes pet food and some household/toiletries)

Total basics: about $3000/month.
Not included is my horse habit, or irregular expenses. Unexpected medical expenses, I usually pull from EF as I hate to withdraw from HSA. Home improvement stuff comes from savings.

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