Yearly Financial Spending, Progress, and Setbacks

Yearly Financial Spending, Progress, and Setbacks


yearly financial spending as percentage of my income YOY 2010-2014

The chart above is a year-over-year comparison of my spending as a percentage of my total income. In 2010 & 2011, I lived in NJ with roommates and commuted to NYC for work. In 2013-2014, I lived on my own in a 1br in Brooklyn.

Looking at just 2014 v 2013, I’m pretty happy with how the spending came out. This year I spent a little bit more on groceries and entertainment. The latter category includes a new laptop purchase which was definitely needed. I’ve spent a bit more on gifts and my cats this year, but neither total too much. Rent looks like a lot, at 39%, but transportation is less than 5%, so I still say it evens out.

Progress & Setbacks

Sometimes it feels like I’m a long ways off from financial independence. But if I take a step back, I can see that I have made a considerable amount of financial progress just this year alone.

  • Credit Score: Increased over 100 points
  • Networth: Just $1,000 away from being in the positive
  • Credit Card Debt: Zero. Haven’t held a balance on my CC at all this year
  • Student Loan: This is 50% paid off
  • 401K: Growing steadily

Of course there were some setbacks. One major setback, in particular. My emergency savings is still dismal after using all of it for a true family emergency earlier in the year. Rebuilding this will be a focus of 2015, especially since I know how important it is.

Yearly Spending Breakdowns

Yearly Spending Over $1,000:

  • Rent 39%
  • Entertainment 9%
  • Therapy 8%
  • Student Loan 8%
  • Groceries 5%
  • Eating Out 4%
  • Health Beauty 4%
  • MTA 3%
  • Cats 3%
  • Clothing 2%

Yearly Spending Under $1,000:

  • Gifts 2%
  • Booze 2%
  • House 2%
  • Internet 2%
  • Electricity 1%
  • Travel 1%
  • Cell Phone 1%
  • Gas 1%
  • Spotify 0%

Yearly Spending Under $100:

  • Netflix 0%
  • Laundry 0%

4 Replies to “Yearly Financial Spending, Progress, and Setbacks”

  1. I love that you are always able to track everything down to an exact T. I always aspire to do that and follow through a month here and there but not consistently. Maybe I’ll change that in 2016.

    1. Full disclosure, I missed a month in 2010 and fudged the numbers based on averages. And 2012 is missing because I barely tracked a full month that year. Sometimes it’s just difficult. But seeing a full year of spending really helps put things in perspective a bit better than just monthly.

    1. Agreed! Also, months can fluctuate quite a bit from each other. Every month it seems like I’m saying “these were unexpected expenses, next month will be better” then something else comes up. But looking at it as a whole year, things actually do balance out and it’s easier to see what money went where. This is the first time I’ve done a yearly analysis and I definitely plan to keep it up.

Comments are closed.