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I was going through my budget this year and I was curious what everyone predicts will be their largest expense this year outside of mortgage / rent. Mine is going to be a renovation project that needs to be done on my current home. I've come to the conclusion that homes a re a lot more expensive than you can ever imagine when you buy them -- there always seems to be something that needs to be fixed. Anyway, looking at your budget, what do you think will be your largest expense this year?
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College tuitionSteve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going. -
Health insurance."There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid
"It is easier to build strong children than to repair broken men." --Frederick DouglassComment
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Medical expenses - we just had a baby and we are on a high deductible plan. We paid $4100 total. Our health insurance costs $3300 per year.Comment
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Health insuranceComment
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Probably taxes for me at about 30%. God-willing nothing medical. Second highest expense will probably be rent @ $650 X 12 months = $7800 annually (barring a rent increase).Comment
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Income taxesComment
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Wife had lasik done...$4700Comment
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Taxes. $185,567 (Federal, State, Local, SS, Medicare, Real Estate). Probably another $3,500 in sales tax.Comment
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real estate taxes = >8k
I am retired w/low income so no federal, state income, soc, medicare taxes.Comment
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Vacations, I think.
My husband is going to two cool exotic locales for conferences and I'm going to meet him at both of them and then we'll stay and extra week or so.
Those trips together will be, I think, the most we've ever spent on vacations in one year.
But it should be pretty fun!Comment
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College tuition.Comment
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Vacation to the beach and renovating the bathroom.BrianComment
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im with quartermillionman. Taxes at near 30 percent between fedral, state, and sales tax. Second without including rent it would be vehicle maintenance, need snow tires this year.Comment
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Moving/setting up a new residence/all the security deposits for utilities (guessing I'll have to pay those since I haven't paid for utilities since 2006.)Comment
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