Monthly Workouts (December 2021)
December 31, 2021Cum sociis natoque penatibus et turpis
January 13, 2022
This post is looking at where the money coming out of bank accounts went this year. It is only looking at spending coming out of our accounts, so does not include items taken out of our paycheck – example: 401ks, insurance premiums, etc. This is showing expenses as a percentage of total spend, not as a percentage of income or anything like that – just to give an idea of what we are spending our dollars on.
Home: Our mortgage has been our biggest expense in 2021, which will easily get passed by daycare in 2022 with both kids going. We also had a cleaning service come once a month for majority of the year. We are putting that on pause for a while with the costs of daycare going up.
Daycare: With the addition of Miles going to daycare starting in October, our daycare bill went up pretty quickly
Food: This includes dining out and groceries. We definitely dine out quite a bit between carry out and just trying to get out of the house for a meal. Going into 2022, this category could be tightened up with meal prepping/planning a bit more and trying to eat at home more.
Long Term Savings/Lump Sum: this is transferring money into our brokerage account, Hailey’s 529, our life insurance stuff, short term disability, and the cost of getting a will drawn up. Since this is just looking at spending coming out of our bank account, it doesn’t include money going into HSAs, 401ks, etc.
Health, Wellness & Fitness: This included buying some garage gym stuff, a treadmill and a Peloton bike. It also includes some race entry fees and pickleball costs
Hailey & Miles: This category includes swimming lessons, gymnastics, diapers, formula, toys, clothes, etc. It will be interesting to track these expenses as the kids interests and needs change