We have been operating without a budget forever and I am now trying to outline our 2025 expenses inorder to understand our FI number. I really need your input.
- What line items have I missed?
- What line item seems off (other than miscellaneous)?
- Other suggestions are welcome
Income: 450k
Taxes: 100k
Expenses: 175k
Savings: 175k
Budget:
1. Mortgage (P&I): $24,000
2. Property Taxes: $7,500
3. Home, Auto, and Umbrella Insurance: $4,250
4. Utilities (Electricity, Gas, Water, Trash): $6,000
5. Internet & Streaming Services: $1,200
6. Phone Plans: $1,200
7. Home Repairs: $7,500
8. Yard Maintenance: $2,500
9. Home Cleaners: $5,200
10. Memberships/Subscriptions: $1,800
11. Costco, Kroger, and Amazon: $20,000
12. Dining Out: $2,000
13. Childcare/Activities: $24,000
14. Clothing: $3,000
15. Transportation (Fuel, Maintenance, Registration): $5,000
16. Vacation/Travel: $14,800
17. Personal Care: $1,000
18. Medical Copays/Out-of-Pocket: $2,000
19. Gifts/Charitable Giving: $10,000
20. Miscellaneous: $30,000
Total: $172,950
- What line items have I missed?
- What line item seems off (other than miscellaneous)?
- Other suggestions are welcome
Income: 450k
Taxes: 100k
Expenses: 175k
Savings: 175k
Budget:
1. Mortgage (P&I): $24,000
2. Property Taxes: $7,500
3. Home, Auto, and Umbrella Insurance: $4,250
4. Utilities (Electricity, Gas, Water, Trash): $6,000
5. Internet & Streaming Services: $1,200
6. Phone Plans: $1,200
7. Home Repairs: $7,500
8. Yard Maintenance: $2,500
9. Home Cleaners: $5,200
10. Memberships/Subscriptions: $1,800
11. Costco, Kroger, and Amazon: $20,000
12. Dining Out: $2,000
13. Childcare/Activities: $24,000
14. Clothing: $3,000
15. Transportation (Fuel, Maintenance, Registration): $5,000
16. Vacation/Travel: $14,800
17. Personal Care: $1,000
18. Medical Copays/Out-of-Pocket: $2,000
19. Gifts/Charitable Giving: $10,000
20. Miscellaneous: $30,000
Total: $172,950
Statistics: Posted by trek34 — Fri Nov 29, 2024 7:22 am — Replies 11 — Views 332