December 2015 Expenses
Continuing with late 2015 expense tracking housekeeping, our final month of expenses for the year, with a couple highlights
- Cooler nights meant using a bit of heating. We saw the impact of it in our gas and electric bill
- We took a fun Christmas road trip to visit California’s central coast. Christmas should be spent on a beach right?
- The month is full of holidays which means spending time hanging out with friends and family and eating a lot of (homemade) food
Nitty gritty details behind our spending:
|Housing||$1,800||Mortgage: Principal and Interest|
|Travel||$340|| $90 – Food, gas, pet fee at hotel during a Christmas road trip
$250 – $500 of worth Airbnb gift cards for future use at 50% off thanks to Amex Offers
|Health & Fitness||$25||Allergy meds and baby Tylenol|
|Groceries||$260||Our grocery spending was average|
|Restaurants & Take-Out||$15||$6 – Drinks with coworkers
$9 – Enjoyed a fancy coffee and pastry while hanging out with old friends
|Transportation||$115||Gas – more commuting|
|Bills & Utilities||$180||$66 – Gas, Electric (yikes! this is 2X our average)
$66 – Water
$48 – Internet
|Heir Care||$1,534||$1,500 – Childcare (paid an extra week)
$34 – Formula, diaper liners, wipes
|Fur Care||$116||Heartworm medication|
|Discretionary Spending||~$1,085||Variable spending for the month (subtracting housing and childcare)|
Our expenses in December were on par with our average for the year, leaving us with an 84% savings rate (87% if you count mortgage principal as savings). Our stretch goal is to target “discretionary spending” below $1000/month, so it is nice that we are able to do this while having a really fun month, but we have to work harder to meet it!
Next up, we will write our year-end review, where we track our progress towards Freedom 35. I’m excited to see where we stand on our updated estimated date towards financial independence!