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Spending Re-Cap

December 26th, 2011 at 11:20 pm

So here's my annual spending recap, with a comparison to Dave Ramsey's recommendations (rounded...he gives ranges). I'll note that my record-keeping was not as precise this year as I normally make it; I just summarized data from the Mint.com data aggregator about my spending and then put it into an Excel spreadsheet to graph it. This means that many entries are inexact--for example, a purchase at Costco might have been coded as groceries but was really half household goods. But the way life was this year, this approximation is "good enough for government work," as my Dad would have said.

First, I'll note that spending exceeded income by about $3000, the balance going to credit card debt. A no-no, but this was an extraordinary year--the "triple whammy" of negative life events.

So a comparison: my mortgage spending looks great by the recommendations, but then there's the "Other Home," which included about $1800 of needed home repairs (water heater and sidewalk replacement). Still, even that total is 32% compared to his 30%, so not bad.

My food and medical are both 5% above his recommendations. The medical is because I paid my own health insurance for 11 months out of this year. The food is always a struggle for me.

My utilities are within his recommended range of 5-10%, even though the #s aren't comparable here (I was making his ranges add up to 100%). My transportation costs are actually a bit lower.

He has 10% to charity and I have 9% to Pets (and maybe there's another 1% to Basset Hound rescue....Pets *are* my charity, I guess).

And of course, he has 10% to savings, which I didn't manage this past year, but now that I'm a working girl again, I'm well on track towards being able to meet that for 2012 and beyond.

3 Responses to “Spending Re-Cap”

  1. patientsaver Says:

    I love your dad's expression.

    I guess you're in a blogging kind of mood tonight!

  2. Dido Says:

    yes, that and a year end, where have I been, where am I going, kind of mood.

  3. Jerry Says:

    My dad used to say that all the time, too. Smile I think that you did really quite well for having to buy your own health insurance over the bulk of the year! That would lead most people well above 5% over the budget.
    Jerry

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