Tag: expenses (Page 1 of 4)

Daily Spending and Saving in 2016

Daily Spending and Saving in 2016

Several people have suggested putting a certain amount of money in savings every single day, aim to spend less than a certain amount of money on any given day, etc. On a day to day basis, I don’t do well with that. I save in monthly spurts. But I liked the idea of tracking how much I spent and saved on a daily basis. Here are our 2016 expenses broken down into daily spending amounts in each category:

Daily Spending and Savings 2016

My Thoughts on our Daily Spending and Savings Rates:

  • I like that our transportation costs are a nice even $5.00/day. It seems a bit high, but nice and even.
  • After calculating how much our breakfast costs on a daily basis, it was interesting to see that we spent less than $20/day for our family of 5 to eat (and for 2016, that includes Mr.T and I eating out in the UK for 3 weeks!).
  • $7.67 on household expenses and stuff is lame. This includes toilet paper, haircuts (for Mr.T… I make him cut my hair), gifts for family members, etc. I wish I could say it was mostly gifts, but it’s not. I would like to cut this down. This category brings me very little joy, but is a necessity (we’re not going to go without toilet paper thankyouverymuch!).
  • $4.30/day on utilities is awesome. Our energy updates have really paid off! And it’s nice to see a daily total for this because in the summer, we pay hardly anything, and in the winter when it’s both dark and cold, our bills are way higher.
  • $7/day for internet/cell phones… blerg. I’ve cut our cell phone package down, so maybe we can get this around $6/day, but our internet is over $100/month and there’s nothing we can do about that if we want internet (which we do). Now, every time I sit down to work, I’ll think: “The first $7 I earn today will have to pay for the internet I use to work.”
  • Can you find a place to stay in Anchorage for less than $51/night? Not a chance! Makes me feel better about my mortgage when I think about it in those terms. Though I think it would be way more awesome to pay less than $25/day for housing. Add in our extra mortgage payments, and we paid over $100/day just to sleep here!
  • Travel – If someone said: “If you pay $20/day, you could take several vacations this year including a 3 week trip to the UK,” would you sign up? Yes. Yes, I would. Our vacations are definitely worth $20/day and we’re paying less than that!
  • $6.66 medical expenses – definitely evil!
  • $56.85 daily savings rate seems pretty good. More than our mortgage! Let’s see if we can get this up to at least $60/day in 2017!

Even though I don’t actually evenly spend or save these amounts on a daily basis, breaking spending and savings down into daily amounts really changes perspective. It takes the “latte effect” and turns it into things like “the daily internet cost effect.” It makes you value how much you would actually enjoy turning that amount over every single day to get the same results of your current spending. I’m mostly pretty happy with those amounts, though there’s definitely room for improvement.

Have you calculated your daily spending/savings rates? What surprises you the most?

Your Breakfast is Robbing You

Your Breakfast is Robbing You

If you haven’t yet calculated it, your breakfast is probably costing your family much more money than you think it is. Stop eating expensive breakfasts and switch to some cheap breakfast ideas. I’ll share the numbers of how much cereal could cost us and how much we actually spent last year on our inexpensive breakfast alternative (and how oatmeal can actually be yummy).

Cereal is Expensive

About once a month, we eat cereal for breakfast as a family. That’s right. Once a month. The last time we did this, I realized our family of five goes through the equivalent of one Costco box of cereal each time we eat cereal.

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February 2017 Plan Update

February 2017 Plan Update

February was a beautiful, snowy month here in Anchorage. On the home front, it was a crazy month, but good. I got some health answers and am working on finding a good management program (testing which foods impact me and which don’t).

It was also a good, but busy month at work. After quitting my job, things have improved greatly and at least I’m back to loving the work.

My totally awesome survey is up to 367 responses… not close to the 1000+ I’d like to see in order for this to turn in to an actual study… If you have any ideas on how to get more visibility/more responses, I’d love to hear them. (Non-spammy places to share it? A database of thousands of people waiting to take surveys perhaps?) Help a sister out!

We also had the awesome privilege of getting one of this month’s Rockstar Finance Giving Cards. Full story coming Monday!

The Numbers:

Want to know how easy it is for us to write these every month? I literally just log into my Personal Capital and revel in all the numbers being in one place. Do you like checking numbers? Do you like graphics? Do you like playing with calculators like retirement calculators and how much your fees are costing you? Then, you should obviously use my affiliate link to Sign up here to help yours truly speed toward financial independence! (I assumed bloggers pushed this because of the affiliate income until I started using it myself… worth the FREE pricetag! And Seriously Amazing.)

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January 2017 Plan Update

January 2017 Plan Update

I started January all ready to kick this year out of the park! One month in and I’m waning. January was a weird month and I can’t say February is shaping up to be any less weird. We’re watching the daily policy deluge coming out of Washington and bracing for Mr. T’s job to be impacted. Since I’m in research, it’s hard not feeling completely worthless in a climate that ignores research. Neil deGrasse Tyson said it best:

Despite the weirdness, we’ll try to pick ourselves up a bit in February and see how much we can accomplish. I made very little progress on any of my non-financial goals this month. Let’s see how I did on the financial ones…

The Numbers:

Want to know how easy it is for us to write these every month? I literally just log into my Personal Capital and revel in all the numbers being in one place. Do you like checking numbers? Do you like graphics? Do you like playing with calculators like retirement calculators and how much your fees are costing you? Then, you should obviously use my affiliate link to Sign up here to help yours truly speed toward financial independence! (I assumed bloggers pushed this because of the affiliate income until I started using it myself… worth the FREE pricetag! And Seriously Amazing.)

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Tracking Your Finances and Celebrating Wins!

Tracking Your Finances and Celebrating Wins!

If you’ve been around Northern Expenditure awhile, you’re probably aware that I like to celebrate. (If you follow me on Twitter, you’re aware I celebrate with dancing gifs!) If you don’t track, you can’t celebrate!

Tracking Your Finances:

It’s a new year (yay for new!) and it’s time to start tracking your finances FOR REAL this year. Here’s what you need:

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how much we spend

How Much We Spent and Saved in 2016

The numbers are in!

Let’s start with how much we spent:

First off, if you want detailed breakdowns of previous years, check out our first “How Much We Spend” post. To summarize:

  • In 2013, we spent $53,218
  • In 2014, we spent $53,344
  • In 2015, we spent $55,810 ($63,581 before subtracting the Alaska State Energy Rebate)

In 2016 we spent…. drum roll please…. $59,392! 

Yes… more than last year, but still under $60k. So, how did this year break down? Here’s a lovely graph:

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January 2017 Plan Update

December 2016 Plan Update

Welcome back, friends!

PLEASE – If you haven’t taken my SUPER IMPORTANT AND AWESOME SURVEY, please do it now. Share it with your family. Make your friends take it at your house. Post it on social media. Okay… you get it. Thanks. Seriously and honestly: Thank you.

Welcome to 2017 – the year where people stop dying and the world becomes a wonderful, hopeful, kind place. Too much hope? I love a new year. A clean slate. And while I can’t entirely control the world, I can move myself forward. So, the next few posts will be introducing the 2017 Stock household goals (yay goals!).

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Grateful Money Amounts

Grateful Money Amounts

I enjoyed the Halloween tweet-storm so much, I decided to do a Thanksgiving version. I asked people to give me one amount of money they are grateful for in 2016:

I thought about this a lot myself before tweeting it out and have an answer that fits in a variety of categories. For each category, I add my own answer and the Twitter responses I got that fit in that category as well.

Experiences

My $276 amount to see the second ever showing of Harry Potter and the Cursed Child would fit in this category. It was an amazing, historic experience.

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September Update

September 2016 Plan Update

September has come and gone. Instead of attending FinCon, I headed to the Midwest for work and then to celebrate a birthday weekend with my sister! It was great fun (and, as a bonus, I even found a pair of skinny jeans that don’t make me look like a chicken!).

The Numbers:

You guys… if you haven’t signed up for Personal Capital, I think you’re nuts! It’s free! I look forward each month to logging in and seeing all of my accounts in one place. It shows all of my credit card accounts, my mortgage, my investment accounts, analyzes my fees, and is very visually compelling. I mean, it’s a geeked-out way to see it all in one glance without spending too much time. Sign up here to help yours truly speed toward financial independence! It has cut down my end-of-the month reckoning significantly since I can see all my accounts together (with graphs!).

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Northern Expressions

Northern Expressions: Manage Your Lifestyle

You can't outearn dumb spending

Happy Friday, friends. Today’s Northern Expression comes from the one and only J.D. Roth. If you haven’t read it yet, go check out the awesome (and free!) The Money Boss Manual. Simple advice, but so wise and true. As you celebrate your holiday weekend (Labor Day for our overseas visitors), just ask yourself what makes you truly happy. These questions might help. Life is meant to be enjoyed, but you have to find balance with your current self and your future self.

Plan updates coming Monday, so get excited! I look forward to checking in with you after the weekend to tell you all about our exciting month. Until then, go and be joyful!

Love, Maggie

PS – Another weekly newsletter of interesting links from the interwebs goes out tomorrow morning. Sign up on the sidebar. Tomorrow’s email features a study about the population of people that watch trash films (think: Sharknado). I love studies on random things!

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