I kept logging my expenses without sharing them for the past three years. It’s time to catch up! Here how our family expenses look like over the past 14 years:
All figures are in USD.
Observations:
As the car is getting older (over 10 years) the service is getting more extensive & expensive – over $3,000 spent on the annual service. However, the car serviced at the dealership and still reliable.
There are additional educational expenses for two kids. This is our biggest expense for the foreseeable future.
We had two holidays, each cost $12K USD for ten days. However, when the kids are out of the house and the house is paid, the budget can be easily reduced to $50K a year. How was your budget last year?
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