My Annual Expenses Explained

In my last post, I went over my monthly expenses. In this post I will go over my annual expenses so you too can plan your annual expenses along those lines. For the year 2018, I budgeted an annual expense of Rs. 3,60,000. That comes out to Rs. 30,000 per month. Annual expenses are those expenses that occur less frequently than a year. So things like property tax, buying a car, painting your house etc will come under annual expenses. My annual expenses planning is shown below. The first column is the list of expense types. The second column is … Continue reading “My Annual Expenses Explained”

My Monthly Expenses Explained

In one of my previous posts, I briefly mentioned that I planned my monthly expenses to be around Rs. 50,000 per month. In this post, I want to explain a bit more on how I arrived at those numbers. May be it will help you figure out your own expenses in your retirement. Before nearing retirement I never kept a meticulous record of my expenses, but I was keeping track of where they are going in general. But come 2017 (a year before my retirement), I finally decided to sit and write down what I thought my expenses ought to … Continue reading “My Monthly Expenses Explained”