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.
EurFI - European way to Financial Independence 
ambertreeleaves 15:13 on 2015-05-31 Permalink |
hey eurfi, This is an interesting experiment. I will follow up on where it takes you. An experiment like this could help to define the amount on money you need in the minimal retirement scenario. This is a number that I only guesstimate now. some insight from others could help.
keep us posted.
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eurfi 22:02 on 2015-05-31 Permalink |
Thanks for your interest. I will report also in between the month (not just at the end of it).
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May 2015 – networth and expenses | EurFI - European way to Financial Independence 22:01 on 2015-05-31 Permalink |
[…] My June project – tracking non-essential expenses […]
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Half time report for my June project (non-essential expenses) | EurFI - European way to Financial Independence 0:05 on 2015-06-14 Permalink |
[…] My June project – tracking non-essential expenses […]
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June 2015 – net worth and expenses | EurFI - European way to Financial Independence 23:13 on 2015-07-01 Permalink |
[…] had some higher than usual expenses for petrol. Also, in a few days I will be posting a summary for my June project – non-essential expenses. I can reveal here, that the amount will be around 800 Euros, which is not that much different from […]
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