
Need help with Planning Your Finances?

Need help with Planning Your Finances?
Living Expenses
We want to capture all the basic non-discretionary living expenses here. These are, for the most part, your regular monthly bills.

Living Expenses Benchmark Calculator
Your first step towards achieving Financial Independence!

Living Expenses Benchmark Calculator
Your first step towards achieving Financial Independence!

The Living Expenses Benchmark Calculator has living expenses organized by categories (e.g., Utilities) and sub-categories (e.g., Internet, Phone, Electricity, etc.). A good way to gather up your expenses is by looking for common charges between two credit card statements. Color coding in the “You” column indicates how low or high your particular expense is compared to the benchmark. Red indicates when your expense exceeds the benchmark by >10%, green when it is <10% and yellow when it is within +/-10% of the benchmark.
The goal here is to increase your self-awareness about your own spending habits and not so much to be in line with the benchmark so long as the spending is justified for the lifestyle you choose.

In today's low inflationary environment, you can expect to see
prices go up 4x in your lifetime.
In today's low inflationary environment, you can expect to see prices go up 4x in your lifetime.
Living Expenses: Fill out your living expenses using the Living Expenses Calculator as a guide. The example below is for a household with 1 adult and 1 child.
Fill out your living expenses using the Living Expenses Calculator as a guide. The example below is for a household with 1 adult and 1 child.
1
Were there any surprises with any of your expense items being too low or high compared to the benchmark?
2
How does the total living expense compare to the benchmark?
1
Were there any surprises with any of your expense items being too low or high compared to the benchmark?
2
How does the total living expense compare to the benchmark?
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