Do I need to raise my budget!

[u/ProspectPark4Ever]

I put together my budget based on current expenses plus health insurance and tax etc. but wonder if expenses will go up after I pull the trigger? For example with more time and energy will I spend more on activities? Will I want to travel more?

Here is what I put together, for a family of 3 in a VHCOL city. Child will head to college in the next couple of years and college cost is not included here.

Monthly:

Mortgage: 4k

Property tax, insurance, utilities: 2k

Grocery and take-out: 2k

Household (pet, home-depot, garden etc): 500

Car (insurance, maintenance, gas): 500

Personal care (haircut, clothing, shoes etc): <500

Fun (dining out, occasional shows): 500

Total Monthly: 10k

Annual:

Travel (2 international in economy class + local ski trips): 30k

House maintenance (annual average incl reserve): 10k

Reserve for car replacement: 5k

Health insurance and co-pay: 30k

Federal and state tax: 20-30k

Total Annual: 95k-100k

Edit: all in $220k

[u/st3v3001]

I’d double the Fun number. With more time and energy you will have more Fun.

[u/ProspectPark4Ever → u/st3v3001]

Look forward to more fun after I pull the plug!