Our Finances » Spending
Frugality fuels our lifestyle, so understanding how and what we spend is important.
By “spending” we really mean “net personal expenditures”. The key differences: Mortgage principle and home improvement are treated as a type of saving rather than spending. Mortgage closing costs are amortized over the life of the loan. And we count vehicle depreciation as an expenditure but not the initial purchase cost.1
The table below shows our 2020 spending. You can view details if you hover over or tap the blue text. Elsewhere, we disclose our spending back to 2012.
|Food and drink||$8,010|
|Utilities and phone||$1,810|
|Net personal expenditures||$27,700|
The same data are visualized below (excluding Rebates). Hover over individual spending categories for details.2
For clarity and context:
- The Travel category includes all spending incurred as result of being away from home. This includes obvious things like air travel as well as non-obvious things like pet services (e.g. hiring a dog-sitter).
- We live in a 700 square-foot, 2-bedroom apartment in a duplex (that we own).
- Overall, we think our material life is pretty luxurious.