Andy Hough

June Expenses- $1263.31

by

Here is a breakdown of my expenses for June.

Household

$575.70

Entertainment

$120.41

Transportation

 $292.72

Food

$117.11
Medical/Dental

$57.44

Utilities

$69.93

Debt

 $30.00

Total

$1263.31

June’s expenses were a big improvement from May but not quite down to the $1000 level that is my goal.   If I wouldn’t have spent $170 on a washer and dryer and another $130 on getting my brakes fixed my expenses would have been reasonable and I would have made my goal.

In July I should be able to make my $1000 goal if I don’t include wedding/honeymoon expenses.  The bulk of that has been paid for but there will be approximately another $300-$500 in expenses for the wedding and honeymoon.

I should be able to significantly reduce my transportation expense this month.  It has been too high because I’ve been making too many long drives.  I will be keeping the long drives to a minimum this month and will try to curb my driving around town as well.

The food expense may not look bad but it is.  Only $38 of that total is groceries I bought for the household.  The rest is fast-food I bought for myself.  Making that figure even worse is the fact that I received several free fast-food meals from mystery shops.  It is no surprise that I gained weight in June.  For July I won’t be having any fast food unless it is for a mystery shop.  I may have to make an exception for In-n-Out when I am in Vegas since I don’t get to eat it too often.

Utilities will probably go up since we will receive the first electric bill for our new apartment.  June’s utilities included my electric bill for my apartment in KC, my final internet bill, and my cell phone bill.   The July electric bill will probably be bigger than all those combined.  At least I won’t have to pay for internet any more since it is included in rent.

The other categories will probably be roughly the same.  We will not be sharing all expenses 50/50 so I will note that when I total July’s expenses.

July 2010 Goals

by

As June draws to a close it seems like a good idea to set some goals for July. I have been especially unmotivated lately and perhaps some goals will motivate me. My first goal is to lose weight. I need to lose about 50 pounds. That is more weight than I can lose in a month. I’m going to set a goal of losing eight pounds. I weighed 218 pounds even this morning so that would get me down to 210 which is a nice round figure. In order to achieve this goal I intend to give up soda, exercise at least three times a week, and only eat out for mystery shops or dates with my girlfriend. If I do all of that I will definitely lose some weight.

My second goal is to cut back on my driving. I put about 2400 miles on my car this month. My goal for July is to cut that amount in half. I made several long drives for mystery shops this month that I don’t plan on doing in July. There were some other longer trips that I probably won’t make this month although I might still need to make one trip to KC. With a little planning a lot of the driving I do around town can be eliminated as well.

My third goal is to cut my spending for the month of July. Not eating out and reducing my driving will both help with this goal. I am getting married this month though and there will be some necessary expense associated with that although most of the wedding/honeymoon expense has already been paid. I’m not going to skimp on my wedding just to keep my expenses down so if necessary I won’t count the wedding expenses when considering whether I met my goal.

I think that should give me some things to improve on in the coming month. Now I just need to stop procrastinating and get things done.

The Good and Bad of Mystery Shopping

by

I did some mystery shops over the weekend that highlight some of the good things and bad things about mystery shopping. There were a couple of bad things about this mystery shop. First, I had a receipt rejected because it didn’t include the address of the convenience store. I can’t control whether a store puts their address on the receipt or not. Luckily, I had another receipt with the address printed and I was able to scan the address on to the other receipt.

The other problem was that a report checker invalidated one of my reports because she said I didn’t purchase gas. This wasn’t correct and I had submitted a receipt for the gas so I don’t know why the checker said I hadn’t. I resubmitted the receipt and the checker asked me to send it yet again because the edge of the receipt didn’t scan. This was a little ridiculous since everything on the receipt was still readable and the important information was intact. Since I wanted to get paid though I had to send the scan in yet again. I have heard that you will occasionally run into checkers that are a PITA and I guess this was my first experience with one.

There are some good things about mystery shopping. It is nice to get to get paid to buy gas although there is quite a bit of work besides just buying the gas. It is also nice that most of my mystery shopping income will be tax-free. Since I can legally write off my mileage at $0.50 per mile most of my income is eliminated. For example, one of the fast food shops I did this month was 16 miles round trip from my home giving me an expense of $8. Since my pay was only $7.50 I technically didn’t make any money doing this shop. This would be bad if I thought my true expenses were anywhere close to $0.50 but since I estimate my true expenses to be less than half that these shops are worthwhile.

Home Loans: How Much Your Property Will Really Cost

by

When you are considering entering the property market, it is important that you take a wide angled view of your situation and your purchase, so you are not blindsided by the real costs of buying a home. It is easy to focus on saving for your deposit and searching the papers and internet for your dream home, however, in between your searches and your moving day actually arriving, there are a lot of other costs and fees to consider too.

Start Adding Up Your Costs

Every financial situation and house purchase is different, so here is a guide of the fees and costs you should expect in buying a home, and what they average at. However, to make your own calculations alongside our list you will need to clarify your variables, such as:

* House price.
* House value.
* Deposit amount.
* Loan term.
* Fixed or adjustable interest rate.
* Loan interest rate.

This is because many of the costs associated with buying a home and getting a home loan are dependent on the loan amount and your situation. For example lenders mortgage insurance is calculated as a percentage of your loan amount, and the interest rate you are charged can be calculated based on your financial situation all your credit rating. So, following are some figures to give you an example of the real costs involved in owning a property.

Read more

Making a Living by Mystery Shopping Update

by

My goal was to make $500 from mystery shopping this month. It looks like my total will probably be around $300 unless I get some really lucrative shops at the end of the month. There usually are shops with raised fees at the end of the month but I’ve not been quick enough to get the ones I want.

I probably would have made $500 but I did hardly any shops last week and I don’t have any scheduled for the rest of this week. I have decided I am only going to do shops if they are either especially lucrative or shops that I enjoy doing. It seems that a large percentage of the shops are petroleum shops and I don’t care for those. They take me too long and there is too much stuff to remember and too many pictures to take.

My conclusion after doing lots of shops this month is that it is possible to become a full time mystery shopper. It would require several things to be able to achieve this though. It would take some time to become more efficient at doing the shops so that you are returned a decent wage for your time. You also need to be highly organized to schedule the shops and report them in the most efficient manner. You would also likely need to persevere through some lower earning months because the mystery shopping companies do not show you all the opportunities when you first work for them. After you have worked for them for a while they will give you access to more and better shops. Although, I do believe it is possible to make a living as a mystery shopper it would be a lot of work. Since I don’t enjoy most of the mystery shopping jobs it wouldn’t be worthwhile for me. My plan for now is to continue making online income and look for a regular j-o-b, possibly in the legal industry.

****Don’t forget to enter my giveaway this week if you haven’t already.