Your Monthly Cost of Living

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pokebowl
Posts: 212
Joined: Sat Dec 17, 2016 7:22 pm
Location: The Orion Spur of the Milky Way galaxy.

Re: Your Monthly Cost of Living

Post by pokebowl » Mon Apr 09, 2018 3:26 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
Hawaii reporting in:

1. Housing: $2552 for rent and another ~$200/mo for electric/water. so ~$2752
2. Transportation: ~$60/mo for gas. Everything else is ad hoc as it comes in. For example this month had a ~1k repair bill due to Hawaii's love of potholes.
3. Food: ~$350. Usually its just buying in bulk at Costco and then getting weekly greens and fish at market prices.
4. Other: ~$300 for internet, cellphones, and other misc bills

Total: ~$3,462 on average. (This month +another 1k for vehicle repair, but thats a major deviation from the norm.)
There is nothing more expensive than something offered for free.

scrabbler1
Posts: 2228
Joined: Fri Nov 20, 2009 2:39 pm

Re: Your Monthly Cost of Living

Post by scrabbler1 » Mon Apr 09, 2018 7:51 am

Paid-off studio apartment in a co-op in Long /Island, NY (1 person):

Housing: $775, mostly the monthly maintenance charges which include prop taxes, physical and financial upkeep; also includes HO insurance and utilities.

Medical Expenses: $600, mostly health insurance, some OOP expenses.

Transportation: $160, mostly car insurance.

Everything else: $465, includes food, hobbies, etc.

Total: $2,000 per month.

Bacchus01
Posts: 1919
Joined: Mon Dec 24, 2012 9:35 pm

Re: Your Monthly Cost of Living

Post by Bacchus01 » Mon Apr 09, 2018 7:56 am

Will have dug up details, but for this family of five with three mortgages and two car loans, we spend $10k+ a month.

Now, $2K of that is on two properties that are investments.

I also commute 110 miles round trip daily. We have newer cars with $1400/mo payments and I swould one about $350/mo on gas.

Food is crazy. We ave two teenage boys and a 10 year old boy. Total groceries and dining out is probably $1500-$2000/mo.

Utilities/heat/etc - $750

jehovasfitness
Posts: 553
Joined: Mon Jan 22, 2018 2:26 pm

Re: Your Monthly Cost of Living

Post by jehovasfitness » Mon Apr 09, 2018 7:58 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
MD just outside DC


1. 2210 (mtg + PMI + taxes) + 150 summer 250 winter utilities
2. 0 car payments, 250 ins (4 cars), 250 gas, maintenance fluctuates maybe 100-200/mo???
3. groceries 600-700 (includes toiletries, make-up, etc) ... Restaurants 50, lunches out 150 combined

just the wife and I

schachtw
Posts: 98
Joined: Mon Jul 06, 2015 6:15 pm

Re: Your Monthly Cost of Living

Post by schachtw » Mon Apr 09, 2018 8:09 am

Monthly Expenses:

Household (Essential): $3,215
Rent, utilities, cable, etc.

Auto & Transportation (Essential): $380
Insurance, maintenance, fees, etc.

Living Expenses (Essential): $925
Food, clothing, Costco, barber/beauty, etc.

Medical/Heath (Essential): $1,400
Part D, supplemental insurance, dental, drugs, etc.

Discretionary: $2,300
Entertainment, vacations, hobbies, etc.

Estimated Taxes: $1,000

Total Monthly Expenses: ~ $9,300

ausgenf
Posts: 81
Joined: Fri Aug 22, 2008 11:41 pm

Re: Your Monthly Cost of Living

Post by ausgenf » Mon Apr 09, 2018 8:44 am

Monthly core expenses:
Housing: $631 (property tax, insurance, water/electricity/sewer/trash/internet, pest control - no mortgage)
Transportation: $185 (insurance, gas, registration - one small car with no car payments)
Food: $800 (groceries, dining out)

Other:
Health insurance premiums: $951
Sinking funds: $980 (medical/dental OOP expenses, car replacement, home repairs, car repairs)
Pets: $125 (food, vet, supplies)
Personal care: $122 (haircuts, basic clothing, fitness)

Total: ~$3,800 per month
2 people, 2 cats, mid-size city in the deep south.

FootballFan5548
Posts: 164
Joined: Mon May 01, 2017 2:20 pm

Re: Your Monthly Cost of Living

Post by FootballFan5548 » Mon Apr 09, 2018 11:48 am

HCOL - NJ commuting to NYC

Married, wife SAHM, 3 year old and 9 month old

House - Mortgage + Taxes = $4,900 per month
Commute = $650 per month (ferry to NYC)
Utilities = $500 per month
Groceries = $400 per month
Restaurants/Entertainment - $500 per month
Insurance Life/P&C - $900 per month
Other - $200

Total recurring monthly expenses are about $8,000 per month.

There are always other things that come up and that's why it's impossible to track. For instance just last month we took down a couple trees and shrubs in my backyard, which was about a $2k pop, and then a week later I had my skylights leaking and needed to replace 2 of them which was another $2,500 pop..... it never freaking ends.

dziuniek
Posts: 490
Joined: Mon Jul 23, 2012 2:54 pm
Location: Corrupticut

Re: Your Monthly Cost of Living

Post by dziuniek » Wed Apr 18, 2018 9:26 am

1. $2,700 Housing - Mortgage($2,300) + Utilities($300) + Internet($56)
2. $1,200 Food - 2adults, 1 kiddo
3. $1,000 Daycare
3. $670 Transportation - 1car payment($206), insurance for 3 cars($140), gas ($320)

CT welcomes you :twisted:

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randomizer
Posts: 1529
Joined: Sun Jul 06, 2014 3:46 pm

Re: Your Monthly Cost of Living

Post by randomizer » Wed Apr 18, 2018 9:52 am

About 110% of what I earn.
87.5:12.5, EM tilt — HODL the course!

SQRT
Posts: 906
Joined: Sat Feb 05, 2011 9:44 am

Re: Your Monthly Cost of Living

Post by SQRT » Wed Apr 18, 2018 10:37 am

Not sure why the OP asked other than voyeurism? These numbers will be all over the map and reflect where the person lives and many other aspects of how they live their lives and what stage of life they are in. Certainly not actionable? It does tend to bring out the fact that many people are spending relatively very modest amounts. Will not embarrass myself by disclosing.

BuckyBadger
Posts: 849
Joined: Tue Nov 01, 2011 11:28 am

Re: Your Monthly Cost of Living

Post by BuckyBadger » Wed Apr 18, 2018 10:43 am

My monthly cost of living = what I earn - what I save

Easy math.

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aj76er
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Location: Portland, OR

Re: Your Monthly Cost of Living

Post by aj76er » Wed Apr 18, 2018 10:53 am

1. Housing: rent/mortgage/utilities - $150 (HOA) + $50 (elec.) + $50 (home internet) + $30 (mobile) = $280
2. Transportation: car, insurance, license, registration, gas, maintenance = $50 (fuel) + $50 (planned maintenance) = $100
3. Food: groceries, restaurants = $300 (groceries) + $150 (dining out) = $450
4. Other - ~ $500 (prop taxes, entertainment, insurance, household supplies and maintenance, travel, etc...)

I'm targeting < $20k this year, but assume ~ $25k on average.

My stretch goal every month is to keep expenses at or less than $1000 :)
"Buy-and-hold, long-term, all-market-index strategies, implemented at rock-bottom cost, are the surest of all routes to the accumulation of wealth" - John C. Bogle

wmackey
Posts: 40
Joined: Mon Jun 11, 2007 9:38 pm

Re: Your Monthly Cost of Living

Post by wmackey » Wed Apr 18, 2018 10:56 am

I found the discussion useful. Reminded me that there were a number of smaller things I hadn't accounted for. Here's what I have:

Mortgage 560
Escrow 360
Oil 350
Electric 150
Trash 50
Water 30
Sewer 27
Cable 222
Phone 305
Food 425

Here's what I now need to add:

Clothing
Bday Gifts
Xmas Gifts
Gas/Diesel
Memberships
Lessons
Yoga/Massage
Cigars
Alcohol
Maintenance (House)
Maintenance (Cars)
Trips
Hair Salon/Barber

fantasytensai
Posts: 475
Joined: Fri Sep 30, 2016 3:30 pm

Re: Your Monthly Cost of Living

Post by fantasytensai » Wed Apr 18, 2018 11:22 am

Housing: Maintenance $1400 + Mortgage $1030 + Utilities (inc internet and mobile) $300 + Insurance $20 = $2750

Transportation: Cars $830 + Insurance $220 + Gas $250 + Random stuff (registration, maintenance) about $30 = $1330

Food, including Groceries: $2000

Other: Wife fun fund: $2000

Total: $8080, Westchester NY, family of 2.

Edit: going back and reading some of the responses. I can't believe mine is so freaking high, and this is for a good month.

kaudrey
Posts: 960
Joined: Fri Nov 22, 2013 2:40 pm

Re: Your Monthly Cost of Living

Post by kaudrey » Wed Apr 18, 2018 11:24 am

I don't keep track in those categories. I could do your housing category, but for transportation, I don't keep track of gas, because I need to drive the car, so I fill it when it needs it; therefore, it's not really important to me.

I don't keep track of food costs, but if you want to know what I spend on medical or capital improvements on my house, or travel, I could tell you that.

Food/gas/commuting/entertainment and other stuff just fall into "living expenses" for me. I keep enough details to know that I am meeting my savings goals, and don't worry so much about the rest in smaller detail.

winterfan
Posts: 103
Joined: Mon Jan 05, 2015 11:06 am

Re: Your Monthly Cost of Living

Post by winterfan » Wed Apr 18, 2018 11:49 am

kaudrey wrote:
Wed Apr 18, 2018 11:24 am
I don't keep track in those categories. I could do your housing category, but for transportation, I don't keep track of gas, because I need to drive the car, so I fill it when it needs it; therefore, it's not really important to me.

I don't keep track of food costs, but if you want to know what I spend on medical or capital improvements on my house, or travel, I could tell you that.

Food/gas/commuting/entertainment and other stuff just fall into "living expenses" for me. I keep enough details to know that I am meeting my savings goals, and don't worry so much about the rest in smaller detail.
That is kind of how I feel. I think overall we keep our monthly expenses low enough and I don't really care how much our food bill is as long as we are saving enough. Sometimes I like to add up our current bare bones expenses to see what kind of budget we would have if we were suddenly out of work and had to live on cash/unemployment benefits for a while. Here they are:

Housing: $800 (prop tax, ins, utils)
Transportation $200 (gas and insurance)
Food: $400
Other: $425 (school costs for child)

Total $1825

JoeRobertson
Posts: 1
Joined: Fri Apr 20, 2018 12:41 pm

Re: Your Monthly Cost of Living

Post by JoeRobertson » Sun Apr 22, 2018 6:21 am

Housing - 1700$
Transport - 690$
Food - from 400 to 600$
Entertaiment - 400$

In total - 3300$ per month (London, UK)

https://voyagestic.com/place/london

this website shows similar info, so you can calculate your budget for 1 or more persons per month

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