Da Budget

I was pretty apprehensive about sharing a monthly budget. I mean I have been USING a monthly budget for years. It is the SHARING part that had me knuckled up.

My family has been living below our means since before there was an income to live below. But the Natural Bourgeoisie Creep of a two income household has got us spending in ways that would have made me feel queasy back in the day.

Quite Frankly, I was worried about scorn and ridicule of fellow FIRE types when I look over some of my ‘necessary’ spending.  Hence the above photo.

The actual paycheck income is usually higher than this chart. ONE LESSON I have taken to heart over the years is to live off the same level income – raise after raise – and stash the ‘new money‘. But I wanted this budget update to reflect ‘as of right now’ numbers. I also do my expenses over 52 weeks but count my paychecks at a rate of only 24 per year. I consider the 2 additional paychecks each year to be gravy.

The primary and second mortgage rates are good at 3.75% and 3.5%. Rental locked at 4.875%. Student loans are paid off as of 5/26/17!

Dining out is a HUGE problem I know. (post here – also addresses Housekeeping). Daycare expenses are OVER!

We use gas up at an alarming rate because we both drive to work, 60 miles round trip for me, 80 miles her.

Life Insurance will stay steady, car/home insurance always creeps up. We carry an umbrella policy too because of the rentals..

So of the money coming in, this is where it goes. $ 3,792 gets tucked away automatically. I could not divert this money even if I wanted to. This is a great system to avoid temptation. Hal-9000 is watching.

I’m Sorry David, I can’t do that.

$ 5,934.00 is showing as money ‘Left over‘ but this also includes any discretionary spending and usually gets eaten into pretty heavily each month. It also includes the one off expenses that not even very thorough people put into their budgets.

There seems to be no end to the little things needed to maintain the upper middle class American lifestyle. (grimaces inward).

Of interest; Our Retirement Master Plan

Here is my Budget (in 26 X Year paycheck mode) courtesy of Sankey.


3 thoughts on “Da Budget

  1. 13 thoughts on “Da Budget”

    Buy, Hold Long
    04/01/2017 AT 11:43 AM
    This is a fantastic breakdown. It’s great to see that the “extra money” you’ll be getting from raises going straight back into making you more money!

    Amy @ Life Zemplified
    04/02/2017 AT 8:44 AM
    Hope you aren’t insides weren’t too twisted up after hitting the publish button on this 😉

    Serious OUCH on those commutes…and yeah the dining out 🙂 Great to see the automated savings and living below one’s means in action. Great visuals.

    Appreciate you allowing us to peek at your budget. Thanks for sharing.

    04/02/2017 AT 12:23 PM
    The thing about the commute is that it’s stress free driving at least, we used to live/work in the city and that stop and go was the worst

    Amy @ Life Zemplified
    04/02/2017 AT 2:26 PM
    That’s good. Probably a nice bit of downtime than before hitting work in the morning and a chance to unwind from your day before family time. Do you listen to podcasts or books to pass that time or just deep thoughts?

    04/02/2017 AT 5:35 PM
    Well recently, it’s been thinking up new posts: )

    04/02/2017 AT 8:55 AM
    Your graphing skillz are amazing. Love the breakdown.

    This money that is being dipped in to every month seems like it’s being used as a monthly ef. I can’t really hate on that, between having kids and long commutes. Having that extra cash on hand has had to be a life saver on multiple occasions.

    04/02/2017 AT 12:24 PM
    something new every week with 2 kids for sure

    Epic Quiver
    04/02/2017 AT 2:16 PM
    Yes! Glad to see someone else using the 24 vs 26 paycheck trick to hide a little extra!

    I don’t think you’all get any ridicule about your budget, from the FIRE community everyone has their own preferences and as long as you’re living below your income and tucking away money every month that’s all that matters.

    04/09/2017 AT 10:54 PM
    Looks like we have similar budgets on things, aside from a 2nd house (which we don’t have). I also want to reduce our eating out and some other things. I haven’t gotten to the point of putting up our budget yet so I don’t get the ire of FIRE folks.

    04/09/2017 AT 11:15 PM
    Actually as long as you are still saving a lot and living below your means, people seem to be Ok with the spending part.

    Budget on a Stick
    07/03/2017 AT 11:29 AM
    Glad you shared but all the pieces charts are just making me hungry!!!

    No scorn from me. Everyone has a completely different situation. Like my daycare is twice as expensive as yours….for one kid…. I’m going to weep every month while baby 2 is in the infant room!

    07/03/2017 AT 12:44 PM
    It slowly creeps back down over the years then you start weighing whether or not you trust a 12 year old to watch themselves after school for 2 hours to save a couple hundred bucks.

    Xyz from Our Financial Path
    07/03/2017 AT 10:07 PM
    We use a reverse-budget, set aside our savings first, then we spend what’s left.
    Love your detailed breakdown, thanks.

  2. Glad to see we’re not the only ones with “normal” spending. Ha! We always have a back-and-forth on life insurance, too. Mr. ThreeYear likes to keep it just in case. But I think at this point we could self-insure. In the scheme of things, it’s small potatoes.

    • I just stopped paying for ‘additional coverage’ from the wife’s employer. Our term life insurance is also set to expire within 5 years, I will let it and not replace it. I feel we are in a place where the need for that kind of payout is diminished.

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