Slow news day at the call center so I thought I'd peruse some spreadsheets and share.
If you missed my previous shares see 2020 Income and Expenses here with bonus comparison of previous years.
Recap
2020 Gross Pay: ~$120k
2020 Take Home: ~62k
Total Expenses: ~$30k
So how did those expenses break down this year...this COVID year...
(as of Dec 30, 2020)
EVERYDAY: $4,049
Everyday expenses include everyday items like groceries, eating out, car-related expenses. Those are the top line items as those are a part of my everyday life. Here's the breakdown of some of those expenses for the year.
I added 2019 for context.
Groceries and Restaurants seem to be in the same ballpark of around $2200/yr. I'm pleased by this. At times it seemed as though I was spending hundreds of dollars for food this year. There are two things to consider here, I think. One, I think with COVID I tended to buy in bulk so the receipts were higher but less often. Also, when I was setting up house after the move, I tended to add some of those expenses under housing. But all in all, I think this is a pretty good estimate into my spending habits on food.
I spent half as much on gas this year as last year. That's pretty amazing. So that is definitely related to WFH and without COVID I probably would have had to move for my new job and commute to work.
Entertainment went down, I wonder what that's related to. I know this year it was mostly related to movies I rented from Roku or Redbox. That line item can't be trusted. I think last year I paid for cable separate from the internet provided by the apartment, and this year I still pay a fee for the cable app but it's just documented elsewhere because it's part of my internet package. Whoops.
HOUSING: $15,150
2020 (apartment --> house): $15,150/yr
2019 (apartment life): $11,280/ yr
This one is also not a fair comparison. My apartment expenses in 2019 were pretty simple. I had 2 bills - my rent and the power company- and those were pretty much the same every month.
For 2020, I moved to a townhouse at the end of March 2020. The bills got more complicated. In this category, I included just about every expense that had to do with housing - transaction fees related to buying the house, new bills, runs to the hardware store, cleaning supplies, furniture, moving expenses, appliances. But if I were still living in the apartment, I would not have incurred these additional costs so in that way, it's a good estimate of "housing" costs.
Next year, I anticipate some other large expenses as I still want to get a couch, washer, dryer.
So to put it plainly, so far I have yet to realize any savings from moving to a house. Honestly, I don't see myself living in this house longer than 6 years or after I reach my next financial destination. But only time will tell.
OTHER/EXTRAS: $515
That's mostly the few times I got my hair done, a couple of silly things I bought off the internet, and the Health and Wellness classes I bought because Call Center #2 reimbursed for those.
TITHES/GIFTS: $6182
This is pretty high this year, I'd set a max of around $1,600/yr. The biggest expense here was $5k contribution to funeral costs for my father that passed away in October. The rest is mostly money I send over to my family overseas. A few other people passed away this year as well.
There're contributions to my HSA account ($1627) not shown here that I count as expenses as well as a few limited student loan and medical bill payments (debt total = $1848).
Okay, this got boring. I'd rather be doing anything else. I think I'm getting a cavity... I blame COVID and WFH. I've been playing fast and loose with my dental hygiene without the societal pressure of human interactions.
Toodles!
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