I never recapped last year's income and Expenses, so here's a very simplified version:
Salary and bonus and 401k match | $144,061 |
Investment income and interest | $42,515 |
Gift rec'd | $100 |
Blog income (net of expenses) | $1,018 |
Housing incl. utilities, phone, internet and other household expense | $26,465 |
Food and liquor | $14,881 |
Entertainment & subscriptions | $1,911 |
Charity | $707 |
Clothing | $2,802 |
Education | $1,347 |
Gifts given | $1,753 |
Gym | $2,389 |
Medical/dental | $5,679 |
Travel (incl vacation) | $5,244 |
Taxes (Payroll deductions and payment of 2014 taxes owed) | $55,482 |
Other misc | $4,441 |
Net Savings | $64,594 |
A few observations:
I continue to be amazed at how much income I get from my investments alone. It is more than Sweetie's salary at the moment! Every time I see that investment income, it is another reminder of how important it is to save money and invest it wisely.
Food and liquor is very high, but I cover all of that for both Sweetie and me. We eat dinner out from time to time, but not all that often. We've been using Blue Apron for a couple of years to encourage us to cook at home more. Blue Apron isn't super cheap, but it's cheaper than takeout or eat-in restaurant meals. Where I've been splurging a wee bit is on lunch, sometimes spending over $10 by going to a more upscale place and buying a drink instead of just having water from a cooler in the office.
Gym-- I pay in advance for 2 years at a time, so the true annual cost is only half this amount.
Medical/dental includes Sweetie's coverage, and an expensive crown.
Taxes-- I owed taxes in 2014 due to the extra income I had from selling my condo, so that was a hit this year.
Other miscellaneous includes things like haircuts, art supplies, postage, etc.
I saved 34% of my gross income, which is good, and I never particularly felt like I was having to make an effort to save-- if anything it's been the opposite, feeling like I could give myself permission to spend a little extra from time to time. But I try to keep that feeling in check! I am thinking a lot about early retirement and trying to balance that against enjoying life now. Always a tough question!
This post first appeared on My Open Wallet: A Personal Finance Blog About Mone, please read the originial post: here