What will be your biggest expense this year?

[Eagle]

Medical expenses - we just had a baby and we are on a high deductible plan. We paid $4100 total. Our health insurance costs $3300 per year.

Same here after it's all said and done we'll probably have about $3000-5000 of medical expenses for the birth of our new little one.

Health insurance is a big cost for us too...

[LivingAlmostLarge]

taxes by far and our mortgage is pretty substantial.

[moneybags]

College tuition.

[NetSkyBlue]

My wedding.

[norrisbrown]

college tuition. first year!!

[aukxsona]

Electricity

[Carol33]

College tuition and vacation.

[Weird Tolkienish Figure]

I was going through my budget this year and I was curious what everyone predicts will be their largest expense this year outside of mortgage / rent. Mine is going to be a renovation project that needs to be done on my current home. I've come to the conclusion that homes a re a lot more expensive than you can ever imagine when you buy them -- there always seems to be something that needs to be fixed. Anyway, looking at your budget, what do you think will be your largest expense this year?

Gas and car for me. I like to drive.

[Randomsaver]

Vacation in Africa.

[Permanent Temp]

Last year it was medical bills. This year my biggest planned expense will be a tie for car insurance and a vacation.

[LivingAlmostLarge]

Taxes. Or the mortgage. The day I don't have a mortgage or something more reasonable i'll be happy. Taxes I'm happy to pay since we're earning more, but I kinda wish we had a flat tax rate so I could pay 15% like Warren Buffet. I don't fault him or anyone else taking advantage of it but it does seem unfair that if you work and "earn" a good income you pay more than someone whose very, very wealthy, and pays only 15% on passive income.

[sandrark]

Income taxes: Fed and State

Mortgage: PITI

Retirement savings

When we're retired, with the house paid off? We're gonna be RICH.