I spent a total of $37,807. That's just $2,000 more than 2012, which I consider very good.
Let's take a look at my ranked expenditures up close and personal:
2013 Honda Civic: $19,976. This represents 34.5% of my total spending for the year. (I'm not including it in my total spend referenced above because it's such a large, one-time expense and it would really skew things.)
New roof: $5,800, or 15% of total spending for the year.
Health insurance: $5597, or 14.8% of total spending. This is actually 12% lower than what I spent last year, but only because I skipped paying premiums for 2 months (and took a chance) when I switched from my COBRA, which was expiring, to the state plan of last resort.
Property taxes: $5,368, or 14.1% of total annual spending. I have seen for a while now that, excluding big ticket special expenses like certain home improvements, health insurance and property taxes vie for the #1 and 2 expenses each year.
Food: $3,277, or 8.6% of total spending, This is 13% more than 2012. While I don't eat a lot of meat, I do tend to indulge in certain pricey food items and organic foods.
Sewers: $3,033. This includes both the payoff of the loan as well as usage fees. In 2014, with the loan out of the way, this figure should be way, way down on my ranked list of expenses.
Healthcare out of pocket: $1,739, or 4.5%. This was 32% higher than what I spent last year, all due to spending hundreds on diagnostic tests and doc visits to determine the cause of 2 unexplained (and unrelated) symptoms: a cough and headaches. Never did figure out the cause of either one. Doc thought cough was due to post nasal drip but tried 3 different sprays and they did nothing. As for the headaches, they started in June and finally resolved by end of November, on their own. I chalk it up now to stress.
If i combine my out-of-pocket expenses with premiums, that is a whopping $7,336, or 19.4% of my total annual spending. I sure hope that with my new Obamacare plan, my expenses here moderate in 2014.
Household: $1224. Don't like using this category much as it camouflages what exactly I spent on. It's sort of a catch-all for certain items that don't neatly fit into some other category.
Home maintenance: $1,200. .
Heating oil: $986. This was the first of 2 pleasant surprises. I actually spent 19% less than I did last year. Since I took no special additional conservation measures, I can only attribute the lower spending to lower fuel prices.
Gas: $840. This was down 7% from last year, again due to lower energy costs, not any change in driving.
New computer/monitor: $834
Car insurance: $795
Clothing: $733. This is something I kick myself for. I tend to spend on clothing before starting a new job. Really not needed, and I can't justify this level of spending when my income has been so unstable.
New hot water heater: $723
Cats: $667. A 31% increase over last year! This was mostly food and litter, though it also included one trip to vet when Luther jumped out of a second story window. But I've also gotten into the bad habit of regularly buying expensive, $3 a can cat food as a "treat" for the cats a little too often. Half the time they don't like the new foods anyway, so I have decided to stick with the lower priced cat foods, which are still far and away better for cats' health than dry food, according to vets.
IRS: $665. These are quarterly IRS tax payments for my freelance writing.
Electric: $625. Rates will jump 20% in 2014.
Phone/Internet: $625. I'm hoping that with my switch to AT&T UVerse I'll save money and not need to buy additional cell phone minutes anymore since I'll now have 4 hours of free talk time each month.
Homeowners insurance: $584
New furnace humidifier: $520 Worth the expense. No more static electricity when I pet the cats and it's fairly comfortable indoors at 64 degrees, the highest I set it at.
Car repairs: $496, mostly for my 14-year-old Honda. It should be less next year with the new car.
Car tax/registration/license: $366
Gifts: $296
Dining out: $164, all fast food here and there
Borough taxes: $156
Water: $153
Gardening: $138
Dump sticker: $85
Entertainment: $69 (very frugal here)
Haircuts: $51. Managed to spend less this year than last by using Great Clips coupons, even though each year I got 4 haircuts.
Bird suet: $5
Next up: Tomorrow, I'll analyze my income!
My 2013 expenses, under a microscope
December 26th, 2013 at 05:08 pm
December 26th, 2013 at 08:26 pm 1388089595
December 26th, 2013 at 09:15 pm 1388092507
December 26th, 2013 at 11:06 pm 1388099216
December 27th, 2013 at 02:56 am 1388112984
December 27th, 2013 at 04:43 am 1388119434
As ever, I am amazed at your ability to keep track of things, and to keep costs low.I used to track but the personal ups and downs of the past few years mean that I just do a year end summary based on the info that Mint.com aggregates.
December 27th, 2013 at 02:00 pm 1388152812
I don't think I could track my spending as closely as I do if I didn't also kind of enjoy it as well. I consider it a challenge to try to improve in certain areas and I like creating various spreadsheets that help me stay on track. I am especially excited about my "Countdown to Retirement" Savings Plan for the next 6 years. I doubt I'll hit my targets there because of my shaky job situation, but I'll do the best I can.
December 27th, 2013 at 04:56 pm 1388163388
As a cash basis tax payer, actually (and using a business model), it is still acceptable and typical to spread the cost of durable goods over time using what is called a "modified cash basis" income statement.
So, yes, you account for the outflow, but in virtually every accounting model, you separate out money spent for durable goods from monies spent for day to day operations.
From you personal perspective, you have merely transferred the amount from one asset category (cash) to another (car)--and both cash and car are balance sheet, not income statement, accounts.