Thursday, January 5, 2017

Where It Went 2016



2016 2015 % change
blog $26.75 $40.50 -34%
business $67.38 $46.68 44%
car jeep $151.40 $669.95 -77%
car mazda $962.47 $1,882.43 -49%
Car Toyota $6,966.71 $6,866.73 1%
cat $0.00 $169.26 -100%
cell phones $1,727.49 $1,529.95 13%
charity $392.63 $454.18 -14%
clothing $2,875.17 $1,183.10 143%
Daycare $23,432.95 n/a 234329400%
dental $790.33 $2,814.55 -72%
electric $1,090.66 $1,178.40 -7%
electronics $2,419.67 $17.23 13943%
Entertainment $2,179.78 $989.82 120%
food  groceries $6,707.67 $5,234.81 28%
food  other $3,606.54 $3,178.88 13%
gardening $201.63 $175.76 15%
gas $673.66 $727.39 -7%
Gifts $764.97 $1,185.30 -35%
helicopter/robot $109.75 n/a 1097400%
house $17,458.10 $19,199.83 -9%
household $2,671.79 $2,206.51 21%
hygiene $94.22 $380.43 -75%
insurance $892.48 $1,224.96 -27%
internet $806.80 $803.13 0%
medical $3,680.87 $4,407.81 -16%
sewing/quilting $0.00 $52.48 -100%
school $900.00 $270.00 233%
transportation $102.69 $140.00 -27%
travel $1,359.76 $1,167.03 17%
water & trash $897.84 $919.73 -2%
Total $86,028.16 $59,116.83 46%

Notes: YOWZA. A 46% increase in spending in one year?! A difference of almost $27,000?!?!

Well, it's not really all that surprising when you consider that $23,432 of it was childcare expenses (six weeks in daycare + seven months of full time nanny) which we had never had before. That leaves a $3,479 lifestyle inflation that we experienced after doubling our income in 2016. Half of which I spent on work-appropriate clothing after three years as a stay-at-home mom. 

We actually decreased our spending in some key areas: house (only one major appliance replacement in 2016!) and cars (sold one car, no repairs on one of the remaining ones).  Our entertainment and electronics spending went way up. We got some home automation stuff and two new cell phones but the biggest chunk of that was a very nice camera that we bought used from a friend, which should last us for years. Our entertainment budget was mostly stuff for the kids (a museum membership, indoor playgrounds) and I also got a membership at Massage Envy. We can bring both of those categories down for next year but I think it was also kind of a fluke so I'm not too worried about it. 

We've been able to max out our Roth IRAs again this year, we starting contributing to an HSA (instead of just cycling money through it as we had medical expenses), and we were able to save a bit as well. Overall, I'm very happy with how this year went. 

Previous Years: 2010201120122013, 2014, 2015

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