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URL:  http://boards.fool.com/we-just-figured-our-estimates-for-2004-looks-20109434.aspx

Subject:  Re: What percentage of gross? Date:  1/7/2004  10:09 AM
Author:  96hokies Number:  1739 of 5069

We just figured our estimates for 2004.  Looks like this:

Tax	    23.27%
Retirement  22.25%
Home	    10.70%  Mortgage and insurance only
Medical	     6.08%  Major dental work this year
Charity	     5.81%
Vacation     5.05%  Fun SCUBA stuff this year
Auto	     4.46%  Repairs/fuel - no loans
New windows  4.04%  
Balance to other living -- showed only the "hot" items above. 

We have some rather large chunks going to Medical and Home improvement this year.  So, plan for 2005 and beyond is to shuffle the window and medical $$ up to Retirement(taxable accounts though) and any raises will also go to investments.  Target for 2005 is 35% and I think it's a reasonable goal.  We'll be maxing all non-taxable accounts this year and maybe even putting an additional 2% in taxable investments.

Yay!
96hokies

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