::  Posts  ::  RSS  ::  ◂◂RSS  ::  Contact

Living Frugally So We Can Give Away More

July 6th, 2010
giving, money  [html]

Julia and I give away a good fraction of our income (for reasons pretty well introduced in famine, affluence, and morality). We are able to do this partly because we are lucky enough to live in a rich country, partly because we are lucky enough to have good jobs (with good benefits), and partly because we intentionally limit our spending on ourselves in order to be able to give more away. Our overall spending is:

Expense Yearly expenditure Notes
living expenses $25K (see below)
taxes $20K giving away so much decreases our taxes some
donations $40K  
saving $10K  
This is on a joint income of about $95K.

These are monthly living expenses for the two of us for the six month period from 2010-01-01 through 2010-06-30, during which we have been living in a small apartment in Cambridge and working within public transitable distance.

Living Expenses Detail:

Expense Monthly expenditure Notes
housing $1,116.39 Rent of $1075 plus unincluded utilities and other house expenses
food $164.44 Was higher ($339.80) the first month (Nov 2009) when we first moved in and had to buy ingredients
allowance $305.00 $38/week for each of us to spend as we please
transport $74.74 $59/month for Julia's t-passes (jeff's are paid for by work) plus gas if we borrow someone's car etc
sundries $0.55 we should probably delete this category
medical $283.70 health ins premiums, co-pays, etc
total $2044.84 $25K per year

The allowance portion of the budget is intended for anything where the amount we spend is up to us as individuals. Haircuts, clothing, contra dance admissions, musical instruments, eating out, most luxuries, etc.

Things that help keep our spending down are that we don't have a car, don't have AC, rarely eat out, make good use of the local library, and don't have kids.

Comment via: facebook

Recent posts on blogs I like:

How Fast New York Regional Rail Could Be Part 2

In my last post about New York regional rail schedules, I covered the New Haven and Harlem Lines of Metro-North and the Main Line and Hempstead Branch of the LIRR. I was hoping to cover more lines tonight, but due to time constraints only the Hudson Line …

via Pedestrian Observations October 17, 2019

Strong stances

I. The question of confidence Should one hold strong opinions? Some say yes. Some say that while it’s hard to tell, it tentatively seems pretty bad (probably). There are many pragmatically great upsides, and a couple of arguably unconscionable downsides. …

via Meteuphoric October 15, 2019

What do executives do, anyway?

An executive with 8,000 indirect reports and 2000 hours of work in a year can afford to spend, at most, 15 minutes per year per person in their reporting hierarchy... even if they work on nothing else. That job seems impossible. How can anyone make any im…

via apenwarr September 29, 2019

more     (via openring)

More Posts:


  ::  Posts  ::  RSS  ::  ◂◂RSS  ::  Contact