I started a new account since this will be rather revealing information. At the beginning of 2011, I decided to keep track of my spending habits, and here's what I came out with:
Top 3 Expenses
Rent - 8,143. This will be spiking significantly now that I don't have a roommate to split bills with.
Dinner - 4,021
Lunch - 3,913
Weed - 1,331 (~ 4 ounces)
Strippers - 1,285 (~ 60 lap dances)
Bar tabs - 585 (don't drink much)
A couple Mavs games (including the Finals) - 340
Cowboys game - 250
Net - 49,768. This includes my tax refund, bonus, and PTO payout after I changed jobs in December. I started the year making a gross of 54,000, bumped to 62,100 in September, then ended the year at 72,000.
Total incurred expenses - 34,970.07
Total cash expenses - 34,964.25 (70% of total income)
Total cash saved - 14,803.46
Savings rate - 29.7%.
Total checking - 3,828 (About to drop to 1,000 after I pay bills today).
Total savings - 36,000
No long-term debt.
I spent an average of about $3K every month. I increased my net worth to 36,453 this year, an improvement of 68% since this time last year.
I'm 28 years old, and I live in Dallas. I actually ended up spending more on gas than I did on weed this year. I would've thought the other way around before I started keeping track.
What I want to know is, how am I doing? Is this good or bad? Am I ballin' or a fucking dipshit loser? I feel like I'm doing okay, but my lifestyle ain't so hot. I drive a 10 year old car, and my apartment sucks. I feel like I'm in the poorhouse. I managed to save more than 1,000 per month, but so what? I also took no big trips this year. Is 36K a lot or a little? I've been thinking about investing 28K into various REITs and equities and having a 3K account to speculate wildly with, and 5K left in savings as a reserve. Stupid?
Members of SF, I beseech you. I know these numbers are laughable, and many people here wipe their ass with the 14K I managed to save. Give me your thoughts.