How Much I Spend in a Month (as a 33 Year Old) in San Diego

TL;DR

A 33-year-old in San Diego breaks down monthly expenses, including rent, childcare, groceries, and discretionary spending, totaling around $8,000-$9,000 per month.

Transcript

so last year i ended up doing a video on the basic cost of living in a place like san diego and gave me some real numbers from my budget but this year since things have changed since the pandemic i had a baby just things have gone up and so in this video we are going to be talking about how much i spend in one month as a 33 year old living in san d... Read More

Key Insights

• 🎅 San Diego's cost of living has increased, with rent and childcare being substantial expenses.
• ❓ Detailed breakdown of fixed expenses like housing and childcare, as well as discretionary spending on groceries, entertainment, and therapy.
• 💾 Insights into saving and investing, with a focus on budgeting strategies and managing expenses.
• ✋ Realistic portrayal of a high-cost city like San Diego, showcasing individualized expenses and unique circumstances.

Questions & Answers

Q: How has the cost of rent in San Diego changed over the years?

The rent has significantly increased, with a two-bedroom condo now costing $2,895 per month, up from $695 seven years ago.

Q: What factors influenced the decision to hire an in-home nanny for childcare?

The decision was based on wanting full-time care at home, with the cost ranging between $17 to $20 per hour for a good nanny in San Diego.

Q: What are some of the discretionary expenses mentioned in the analysis?

Discretionary expenses include dining out, shopping at stores like Amazon and Target, therapy costs, entertainment, and savings.

Q: How does the analysis reflect on the overall financial picture of living in San Diego?

The analysis shows that a significant portion of income goes towards monthly expenses, leaving around 15-20% for savings, which can vary month-to-month.

Summary & Key Takeaways

• San Diego resident discusses fixed expenses like rent and childcare, which have significantly increased over the years.

• Breakdown of discretionary spending on items like groceries, entertainment, therapy, and savings.

• Insights into the cost of living in San Diego and personal budgeting strategies.