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2018 Planning

November 1st, 2017 at 08:57 am

I've been crazily busy. The pay for the side gig is pitiful, but I'm learning a whole lot and I can use down time during regular work day to work on it with full support of the boss, so it's like I'm getting a bonus for a bit more work load.

Anyway, I don't keep track of monthly finance anymore, only an annual estimate of my expenses. So here's an estimate for 2018, with zero bonus and a 2% raise.

8 Responses to “2018 Planning”

  1. Rachael777 Says:

    You remind me of myself! strict and detailed. WAY TO GO with all that retirement savings. keep it up! Smile

  2. bluesfemme Says:

    Impressive savings! And i love spreadsheets/formulas. But your state tax amount in far right column is $3 less than in left, and i can't (dig through the formulas to) figure out why :-(

  3. FS Says:

    Rachael777 - Thanks 😁

    Bluesfemme - Sorry to confuse you, I forgot to update the formula in the left column. I use this template to periodically compare with the tax deducted on my paycheck, then add in adjustments so I'll know my year end number.

  4. FS Says:


    Bluesfemme - I also overestimated FICA there by forgetting to take out insurance premium. That's an extra $153 available to spend. Woohoo! 😁

  5. PatientSaver Says:

    An estimate of coming expenses is merely your best guess of what's coming up. If you tracked your expenses, you'd see what you actually spend, which could vary quite a bit from your intentions. By tracking expenses, you might see, for example, that your discretionary spending is way over $1200.

  6. Dido Says:

    Great job with the retirement savings. Interesting notion considering the home equity increase as savings--never really thought of it that way, but I just focus on increases in net worth and less on the source of the increase (contributions vs. net income vs. net gain).

    My feeling on tracking expenses is that, if you have done it for long enough to have a good feel for it and have a stable system, I don't think it's worth the opportunity cost of the time spent on tracking. But that, of course, is an individual preference, and perhaps just a function of the fact that I've given up expense monitoring too the past few years. I just go through my credit card statements at the end of the year to eyeball overall spending. And sometimes I do overspend.

    A couple of questions: I notice your core expenses don't include any allocation for food. Do you live with someone who pays for your meals? And I scrolled back through your blog and saw you were doing OMAD a while ago. Are you still doing that? I was doing IF (18/6 daily) last year, but fell off over the winter, and have not been able to get myself to go back to it, although I believe it would be beneficial to do so.

  7. rob62521 Says:

    Very impressive! I like you are planning!

  8. Firstofmanysteps Says:

    Patientsaver - you're correct that my actual expenses will not be the same as what I estimated. However, this works for me now since I simply don't shop anymore and tracking my core expenses was taking too much of my time. Since January, I've spent around $200, give or take a bit, outside of the core expenses. Any variances won't matter all that much.

    Dido - My relatives live with me and they cover my food. As for the OMAD, I'm still doing it around 90% of the time.

    Rob - Thanks 😄

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