posted 6 years ago
I am two days early, but I do not see much changing from these numbers. In any case, we are a family of six, with two adults, and four children 6-15 years old (all daughters), and this is what we spent for the year. We track far more than this, but those other items are less than one percent of our expenses.
The highlight of the year was that we managed to reduce our total debt from 9% of our net worth to 7%. We also managed to increase our net worth by $300,000. This came from selling some equipment, and from restitution of a timber theft we had occur in 2018. Financially it was a good year as we finished idling our farm, and selling off resources. Emotionally...it was a roller coaster year.
Vehicles: 6%
Home Construction: 4%
Energy: 3%
Utilities: 2%
Insurance: 4%
Supplies: 4%
Food: 27%
Tax Write Offs: 36%
Clothing: 1%
Recreation: 1%
Fuel: 1%
Freight: 1%
Further Breakdowns:
Home Construction:
Electrical: 4%
Plumbing: 23%
Heating System: 8%
Structural: 15%
Decore: 47%
Utilities:
Electrical: 38%
Home Phone: 54%
Cell Phone: 8%
Medical:
Co Pays: 24%
Medications: 75%
Insurance:
Life Ins: 12%
Health: 88%
Food:
Groceries: 71%
Fast food: 19%
Family Restaurants: 9%
Date Nights: 1%
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