2019-01 Spending re-cap

Our spending re-caps for the months will focus only on our variable spending and include the following categories:
  • Family (includes all the stuff we spend on the kids such as daycare, anything we buy them and their education savings. Any graphs I may post with include daycare, but the numbers will not)
  • Home Expenses (anything we spend on the house for the maintenance, taxes and insurance. I'm not including mortgage payments or interest as that will not be included in our final FI number so I want to be able to track what life costs without that. Keep in mind graphs will include the mortgage, but not in the numbers)
  • Transportation (all car related expenses such as gas, maintenance, insurance)
  • Utilities (heat, water, electricity, Internet, phone and cell phones)
  • Health Spending (Life insurance, dentist other health related costs. This is pretty low because we live in Canada)
  • Enjoyment (Gifts, Entertainment, Vacations, Hobbies, Restaurants, Alcohol, etc.)
  • Routine Expenses (Groceries, Clothing, Sewing, Hair, etc.)
So where are we at?  January was a fairly low spend month and hopefully reflective of most months this year. 

As we all like numbers in the FI community I will share some of ours, removing daycare and mortgage costs as this will allow me to better compare with our spending over the previous years and help to continue fleshing out our actual needs as both of these costs should be eliminated by the time we hit FI.

For January this broke down to:

Totals Jan
House Expenses $0,00
Transportation $181,00
Utilities $510,50
Health Spending $109,00
Enjoyment $259,00
Groceries $436,00
Clothing $110,00
Sewing $53,00
Shopping $336,00
Family $876,00
Totalling (without daycare and mortgage costs): $2871. Overall spending goal based on last year is to average out at $60 000 so roughly $5000/month when we take into account months with higher costs like insurance or tax bills due.

Our savings rate was 41%.

Comparing to our previous years in interesting:

Annual comparision  Jan
2 015  -$2 259,00
2 016  -$937,00
2 017  -$2 560,43
2 018  -$3 372,30
2 019  -$2 870,50
So not bad compared to our previous years for January. I'm not exactly sure how we were so low in 2016, but I'm guessing either forgetting some entries or a couple bills we're carried over to the next month. 



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