October Income – $3122.32

Here is a breakdown of my income for October.

Interest $1.55
Amazon FBA $521.63
Bank Bonus $50
Credit Card $350
Cash Back $18.94
Online $82.5
Job $2506.15
Total $3530.17

 

September’s income was pretty good. My job income went down quite a bit, since October had the usual two paychecks rather than the three I got in September. I was able to make over a $1000 from my non-job sources of income which helped get my income almost back to September’s level. I won’t complain. Having income that is about three times as much as your expenses is pretty good. Although I’m not including my house purchase expenses in my current expenses, when you add those in the reality is that I’m spending all of my income and then some. Once the house purchase is through I will have an actual surplus again.

 

October Expenses – $1059.57

Here is a breakdown of my expenses for October.

Household $35.88
Rent $435
Entertainment $16.45
Transportation $107.53
Food $176.93
Travel $0
Phone $23.93
Health $263.85
Total $1059.57

 

October was a fairly good month for expenses. I would have made my monthly goal of $1000 if it were not for the two dentist appointments I had during the month.

My monthly food expense was way too high. If I had kept that expense to a reasonable $100, I would have made my $1000 goal. Since I ate out about 25 times during the month it is no surprise that my food bill was high. I plan to cut the food budget way back this month. I’ll do a post about that next week.

I also have spent about $1000 on an appraisal and inspection of the house I’m buying. I’m leaving those costs out of the monthly budget since they will skew the numbers. The closing costs and down payment I’ll have to pay later this month will also be left out of the monthly budget. Once the house purchase is complete I will have high expenses for the next few months as I buy stuff for the house (I’m living in a 120 square foot apartment right now so I don’t have much stuff) and do a little remodeling. I think those expenses will be worth it. Once I’m a homeowner the $1000 monthly expense target will no longer be realistic so I’ll adjust that accordingly.

How was your month?

October 2017 Net Worth Update

penniesIn order to keep track of my financial progress or lack of progress I have decided to calculate my net worth a few times a year. I’ve been doing it every month, but I think after this month I’ll return to doing it quarterly or semi-annually.

My net worth as of 10/1/2017 is as follows.

 

Assets
Cash – $3264
IRA – $29,176
Roth IRA – $1684
Solo 401k – $3165
Car/Stuff – $3200

Liabilities
Student Loan – $115,846

Net Worth = $- 75,357

My net worth improved almost $1000 last month.   This was mainly due to receiving three paychecks from my full-time job. It seems like it should have improved more with the extra paycheck and all my investment accounts making at least a little money. It is better than going backwards so I won’t complain. Hopefully, I can keep the positive trend going the rest of the year.

I’ve been using Personal Capital (affiliate link) to help track my net worth. It keeps track of all of my financial accounts and my student loan making it pretty easy to calculate my net worth each month. It is free to sign up. If you would like to sign up I’d appreciate you using my link. All blog income, including affiliate income, goes to paying down my student loan.

Personal Capital

September Income – $3951.66

Here is a breakdown of my income for September.

Interest $1.30
Amazon FBA $148.07
Cash Back $0
Online $0
Job $3802.29
Total $3951.66

 

September’s income was really good due to having three paychecks during the month. I didn’t make much outside my job. This month will return to normal and I’ll only receive two paychecks. I hope I can increase my other sources of income at least a little this month.  Without the third paycheck this month’s income will be down, but it still should be pretty decent. Now that I’m making almost all of my money from a regular job there isn’t much interesting to read about in the income reports. That won’t change for a while.

 

September Expenses – $1338.01

Here is a breakdown of my expenses for September.

Household $277.44
Rent $435
Entertainment $23.91
Transportation $271.83
Food $108.25
Travel $41.72
Phone $25.61
Health $154.25
Total $1338.01

 

September was an okay month for expenses. My transportation expense was a little high since I paid for six months of insurance on my car. The household category was a little high since I bought a laptop. Health was a little high since I had a dentist appointment.

This month the health category will again be a little high since I’ll have another dentist appointment and possibly a doctor’s appointment as well. Transportation and household will return to normal. My food expense wasn’t terrible in September, but it should be much lower in October.

I expect my other expense categories to remain roughly the same. I should at least get close to meeting my $1000 target this month.

How was your month?

September 2017 Net Worth Update

penniesIn order to keep track of my financial progress or lack of progress I have decided to calculate my net worth a few times a year.

My net worth as of 09/3/2017 is as follows.

 

Assets
Cash – $3897
IRA – $27,177
Roth IRA – $1665
Solo 401k – $2825
Car/Stuff – $3300

Liabilities
Student Loan – $115,268
Credit Card – $0

Net Worth = $- 76,404

My net worth improved almost $2000  last month.   This was mainly due to receiving two paychecks from my full-time job. My student loan balance increased over $600 despite making a $450 payment during the month. That doesn’t seem correct, but every time I check their calculations for the year they’ve been correct.  The student loan is my only liability. With the way it accrues interest, it might be a liability forever. I’d like to get it refinanced, but I can’t get it done since my debt is so much bigger than my income.

I’ve been using Personal Capital (affiliate link) to help track my net worth. It keeps track of all of my financial accounts and my student loan making it pretty easy to calculate my net worth each month. It is free to sign up. If you would like to sign up I’d appreciate you using my link. All blog income, including affiliate income, goes to paying down my student loan.

Personal Capital