My June project – tracking non-essential expenses

In June I will not only do my normal expense tracking, but next to each expense (or each item in grocery purchases) I will note if I think it is essential. That way I hope to get a feeling what our minimal expenses could be like.

Non-essential are things like cookies, ice cream, but also some insurances. I even count our pension payments as non-essential, because if we were retired, we wouldn’t pay them.

This year I’m aiming for expenses of 33k – 36k, which is between 2.750 and 3.000 Euros per month. I think the essentials are maybe half of that amount.

I’m not trying to reduce expenses to the extreme. I will continue buying gras-fed beef (Paleo diet) and fresh produce. These also do not count as non-essential.

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