![]() It was an “unscrew the old one, screw back on the new one” repair fortunately. I needed to replace the pressure regulator valve. I also did a small amount of DIY plumbing repair and saved a few hundred bucks that way. I intentionally budgeted plenty for this category because I wanted the flexibility to call a repairman for tasks I don’t want to do (like plumbing).ĭuring the year we had a few plumbing issues, some preventative like replacing all the toilet shut off vales, and some repairs (I broke a sink drain P-trap while trying to clean it the shower faucet sprung a leak and had to be replaced). We spent $866 in this category which is only 35% of the $2,500 budgeted. It also covers lawn maintenance supplies and equipment like gas for the lawnmower, fire ant bait, and paint for the house. The repairs and maintenance budget of $2,500 covers big ticket items plus smaller repairs. ![]() Our housing expenses are fairly predictable year to year. We paid off the last small chunk of mortgage in 2015. $6,031 actual spendingįirst off allow me to celebrate our complete lack of a mortgage payment. All other expense categories were 100% or less than the budgeted amounts. That expense plus other regular auto-related expenses reached 369% of our budgeted amount for autos.Įducation and taxes were between 100% and 120% of budgeted amounts. Our spending tracked closely to our budgeted amounts in almost all categories with the only really notable deviation coming from the $8,300 we spent on the new (used) minivan. We increased the 2016 budget to $40,000 after acknowledging that we could be spending a lot more than the $32,000 or $32,400 that we budgeted for 20, respectively. On that low budget we managed to take several international vacations and purchase a 2009 minivan for cash.Īt the beginning of 2016 I laid out our $40,000 spending plan for the year. Our 2016 budget totaled $40,000 while our expenses came in just a few bucks under $39,000. At a high level I can summarize our 2016 spending by saying “We nailed it!”. Now we have essentially a full year of early retired living expenses recorded. ![]() Root of Good and I didn’t have a full time job all year (other than that one month of full time employment in January 2016 for Mrs. And I don’t think many would argue that a $100,000 per year lifestyle is a tough way to live.Ģ016 was the first time that Mrs. Later in the article I’ll explain why our spending affords us a lifestyle that costs most other people $100,000 per year. Living well on $40,000 per year is possible and I’m here to explain exactly how by going over all of our expenses during 2016. ![]() That complainer clearly doesn’t know how we spend money. “Oh you live on $40,000 per year? Guess you like camping in the van underneath the highway bridge huh? Still enjoying those rice and beans? Three kids cost $40,000 per year right off the bat so it’s clearly impossible!”. ![]()
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