6 months of expenses are in. And luckily, this month’s expenditure was rather reasonable at $3,350 and it has definitely helped to lower our average for the first half of the year.
The average so far stands at $4,670 and if we extrapolate it for the rest of the year, it would be around $56,000. One could argue that the expenses were bumped up because we paid for an overseas trip for 4 earlier in the year.
However, since I am expecting to make some home improvements later this year, (installing an air-conditioner and a kitchen door), I am not holding my breath and I predict the annual expenses for 2016 are going to come in closer to $60,000 rather than $50,000.
And yes, I know I have not tabulated my annual expenses for 2015. I will do that soon before updating our fixed expenses for the next 12 months.
Eating Out: $715.......
