Inspired by this post by Lisa, I decided to take a look at year over year spending. Since I have been tracking every expenditure in YNAB for years, I can create a decent trend graph of pretty much anything.
I am not bold enough to include totals. But I think the trends in themselves are interesting! Here are a few:
Hmm! I would have expected more of a trend up-and-to-the-right with this one but I only see a very mild one. BUT in 2020 we did less restaurant spending so perhaps it’s just that some of our home food has now been replaced by (pricier) restaurant food.
Still though, I was pleasantly surprised by this graph.
(This includes take out, but does not include restaurant eating while traveling — that goes into ‘vacation’ — or individual meals out/takeout for Josh or me — that is in ‘allowance’).
Mortgage or Rent
This is interesting: costs are steady buying vs renting (though our ‘home maintenance’ cost is now higher and that is not included here). What IS included here is mortgage payments (includes property tax + insurance payments put in escrow).
This rough months in spring 2022 are from when we were paying both mortgage + rent – ouch.
Here is where lifestyle inflation has reared its ugly head: TRAVEL
Okay, those 2020 months were artificially low (and also explain how we were able to save for our down payment). But OMG since then – wow. The astronomical month in there includes ski trip airfare + costs of some other travel (our Seattle trip).
THIS category is where I WANT to spend, honestly. As long as we are saving a baseline amount for retirement and college (more for the former than the latter, don’t worry), I am okay with our percentage spent on travel being higher than ‘normal’. But also. . . I need to be realistic. Good to see this in graphic form. If every month was like that super high one, we would . . . not have anything left.
Do you do any kind of year-end spending analysis?