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Last year I posted the 2016 data. I thought I'd show the progression with 2017 and share a huge win:
WE SPENT UNDER 50% OF OUR TAKE HOME PAY*
Wahoooo!!!!!
*Note: this does not include investing, saving, or giving, just our expenses
Here's our 2017 simplified financial breakdown:
Family size= 2 adults, 3 toddlers
Bills (includes mortgage, but not extra principal payments)= $12,089 ($23 LESS than 2016)
Food= $3,104.19 ($20 more than 2016)
Fast Food (includes restaurants that weren't dates)= $503 ($47.94 more than 2016)
Toiletries= $529.88 ($282 LESS than 2016)
Gasoline= $2,548 ($598 more than 2016)
Medical= $936 ($545 more than 2016)
Life (adventures, car, tools, toys, electronics, clothes, etc.)= $8,934 ($1,562 more than 2016)
Total living expenses = $28,645
Comments:
1. Wow, my husband needs to get a carpool buddy for work again! I didn't realize how much of a difference that made.
2. That toiletries will go down more next year when the last of the three toddlers are potty trained and the other two have a full year in underwear.
3. The medical section is actually lower because I haven't gone through all of our medical reimbursements from our FSA yet. It will still be higher than last year though due to switching to a name brand drug.
The Bad News:
Our cost of living is low and we are meeting my under 50% goal, but we still increased our cost of living by 9.4%, but we only took home 4.9% more $. In other words, if we continue down this path we will stop meeting the 50% goal.
WE SPENT UNDER 50% OF OUR TAKE HOME PAY*
Wahoooo!!!!!
*Note: this does not include investing, saving, or giving, just our expenses
Here's our 2017 simplified financial breakdown:
Family size= 2 adults, 3 toddlers
Bills (includes mortgage, but not extra principal payments)= $12,089 ($23 LESS than 2016)
Food= $3,104.19 ($20 more than 2016)
Fast Food (includes restaurants that weren't dates)= $503 ($47.94 more than 2016)
Toiletries= $529.88 ($282 LESS than 2016)
Gasoline= $2,548 ($598 more than 2016)
Medical= $936 ($545 more than 2016)
Life (adventures, car, tools, toys, electronics, clothes, etc.)= $8,934 ($1,562 more than 2016)
Total living expenses = $28,645
Comments:
1. Wow, my husband needs to get a carpool buddy for work again! I didn't realize how much of a difference that made.
2. That toiletries will go down more next year when the last of the three toddlers are potty trained and the other two have a full year in underwear.
3. The medical section is actually lower because I haven't gone through all of our medical reimbursements from our FSA yet. It will still be higher than last year though due to switching to a name brand drug.
The Bad News:
Our cost of living is low and we are meeting my under 50% goal, but we still increased our cost of living by 9.4%, but we only took home 4.9% more $. In other words, if we continue down this path we will stop meeting the 50% goal.
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