Between 2005 to early 2007
After we got married, we were rented a single family house for about $1000 + $300 utilities/month. It was a big house so electric, gas, and other stuff was a bit higher. It was also very inefficient since it was just the two of us living there. I was also transitioning from my old teaching position where I was laid off after my first year. I was offered a Federal Government position shortly thereafter and in the midst of this transition we found out we were expecting our first child.
So big changes. Major changes happened between 2006 and 2007. We transitioned from two incomes (my teaching and my wife's substitute teaching position) to a single income (federal government!!). We had our first child in 2007 and then our second in 2009.
Between Mid 2007 to 2008 and beyond
We also made our first big move as a family in 2007. My brother generously let us house sit in 2007-2008 for free while he was away in Iraq. This freed us to give freely and save tremendously especially during this period of time.
As I looked over our finances between 2008 and 2009 our major areas of change was that we became homeowners.
2008 was nearly rent free. So 12 months of free rent at $1500/month we had annual savings of $18000. Along that he also provided utilities so on average we spent $200 for electric, gas, and water. Considerably less as we moved from a single family home to a townhouse. So over 12 months that came out to be $2400.
Because of that we were able to save a bunch for the downpayment of our house and renovations. Thanks!
2008 Rent Savings $18,000
2008 Utilities Savings $2,400
2008 Total $20,400
All other major categories stayed pretty much the same. We spent about the same in food about $6000. Our automobile and gasoline bill was a bit higher in 2008 because of the oil speculation and bubble. This caused gas prices to hit nearly $4/gallon.
So that's it. Our lives changed and our finances changed as well between 2005 to today 2010. We'll see what 2010 will bring..
Thank you all for being part of it.