Monthly Expenses - Excessive? How's Yours?

OzFrugie on 05/03/2017 - 22:58
Last edited 08/03/2017 - 11:07

So, nothing much on this weekend and thanks to crappy Sydney weather, I decided to do some analysis on my household expenses.
The result is rather shocking to me because it is (much) higher than I thought my household spend each month.
My household consists of 2 adults + 1 toddler.

Based on my analysis (8-month worth of data), on average we spend ~$3500/month.
The figures exclude:

  1. Child care
  2. Accommodation (mortgage/rents)
  3. Council rate
  4. Health insurance
  5. Car insurance

but includes pretty much everything else:
1. eating out (and drinks) = $570,
2. entertainment = $90,
3. clothing = $220,
4. groceries = $510,
5. transport (petrol + public transport + parking) = $270,
6. water rates = $60
7. electricity & gas = $130
8. communication = $145
9. Health/beauty = $350
10.Car maintenance = $30
11.Education = $40
12.Gift/donations = $170
13.Home repairs/improvements = $305 (had a medium job done in Dec)
14.Tools/equipments = $110
15.Cash Withdrawal = $200 (for buying stuff at markets or at places that do not accept cards)
16.etc

I'd be interested to get some ideas from fellow Ozbargainers if my average monthly spending (or any of the categories mentioned above) looks excessive or not.
If you want to share how much your household spend each month, please comment below.

P.S. Please refrain from voting if you only use your 'impression' to judge whether it is excessive or not and/or don't have idea how much approx you spend monthly (as close as apple vs apple comparison as possible) to keep the result as objective as possible.

UPDATED 8/3 more categories added

Cheers

Poll Options

  • 217
    Yes - Excessive!
  • 121
    No - About right
  • 44
    No - Below my monthly household spending
Financial

Comments

  • [Deactivated] on 10/03/2017 - 09:27

    Where do you live?
    Which City? Metro area? North/South/West/East?
    Suburb name would be good to give rough idea.

    If you live in Bondi Beach for example, that's nothing…
    But if you live in Newcastle… Wow, that's excessive.

  • [Deactivated] on 10/03/2017 - 09:33

    I think your biggest expense is on eating out and drinks.
    With toddler, I'm surprised you can still eat out and drink.

    Avoid doing that unless for social.
    Learn how to cook, you will enjoy and have more fun.
    (and less chance of the toddler ruining the day)

    Pack your own lunch - skip the queue for lunch, eat healthier too.

  • blaque on 10/03/2017 - 10:05
    +1

    On the upside though, you collect at least around 3500 velocity/qantas points every month with your spending.

    My spending:

    Monthly Apartment Rent $1734
    Car Insurance $88.00
    Monthly Tithe $200.00
    Eat Out $200.00
    Grocery $200.00 (for The Two Of Us)
    Nib $110.00 (x2)
    Virgin Active $125.70 (x2)
    Water Bill $150.00 (every Three Months I Believe)
    Mobile Phone Bill $50.00 (x2)
    Dodo Electricity $71.00
    Dodo Gas $19.00
    Internet $59.99
    Myki $137.76 (x2)

    So it sums up to around 2200 - 2500/month

    • ragrum on 13/03/2017 - 10:50

      Do you mean 3200 - 3500?

  • jacross on 10/03/2017 - 10:18

    I voted excessive for I spend less (same household).

    But it's not for me to judge. You need to really examine your spending and determine if you are obtaining optimal short and long term utility.

    If not, change.

    Personally I've been exploring low and no cost activities lately to see if my utility is affected.

  • Fizzydrink on 10/03/2017 - 12:05

    Don't even earn that much. And we 2+2

  • frewer on 10/03/2017 - 18:27
    +1

    Here is our 2 adults + 1 toddler

    No 1-3

    1. groceries = $150 - 350,
    2. NA
    3. water rates = $60
    4. electricity & gas = $130
    5. communication = $125
    6. Health/beauty = NA ( not that Im aware of )
      10.Car maintenance = $30
      11.Education = $40
      12.Gift/donations = $440
      13.Home repairs/improvements = NA
      14.Tools/equipments = NA ( what is this for ?)
      15.Cash Withdrawal = $100 (for buying stuff at markets or at places that do not accept cards)
      16.etc

    Not Child care yet
    Rent
    No Health insurance
    Car insurance

  • canyoudoitcheaper on 13/03/2017 - 21:53

    $350 per month on health and beauty?! I think you need to cut that weekly detox expresso facial. Also if you stop buying name brands, then the monthly spend on clothes could come down a lot.

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