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Dec 21, 2007

How much does it cost to live in California?

It is the end of the year and I have compiled my own top 10 list... top 10 categories I spend money on. I actually do this every year as I prepare for taxes. This year I am ahead of the curve having completed my reconciliation three months earlier than I normally would (wohoo!). So, in the spirit of the "Top 10 list" season, here is how my family spends it money here in lovely California... (note, New Years Resolutions = Dine out less)

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Expense Categories % of Spend
Income & Property Tax*
23%
Mortgage
20%
Household 10%
Groceries 6%
Childcare 5%
Dining Out 5%
Cash Withdrawal 4%
Bills 4%
Vacation 4%
Clothing 4%
Gifts 4%
Job Expense 2%
Insurance 2%
All Others
6%
* Income tax does not include income tax taken out of our paychecks - it is only what we paid the Federal and State tax collected on 4/15 and our property tax from April and December.
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