For everyone: please include the implied rent from non-financial assets when listing numbers like this. For example, my (southern California) house would rent for about 2500-3000 /month, but I bought it 10 years ago and my cash-flow expense for mortgage + taxes + repairs is half that. Similarly, if you own a car you should include its depreciation in your monthly spending numbers. And if you want to get really precise, include the depreciation on your appliances and wardrobe as well—that’s only on the order of $10,000 in original purchase price, but if you’re going hyper-mileage on your expenses, it’s not neglectable.
For everyone: please include the implied rent from non-financial assets when listing numbers like this. For example, my (southern California) house would rent for about 2500-3000 /month, but I bought it 10 years ago and my cash-flow expense for mortgage + taxes + repairs is half that. Similarly, if you own a car you should include its depreciation in your monthly spending numbers. And if you want to get really precise, include the depreciation on your appliances and wardrobe as well—that’s only on the order of $10,000 in original purchase price, but if you’re going hyper-mileage on your expenses, it’s not neglectable.
I would not forget to include something like a house. We rent.