September Income – $3170.16

Here is a breakdown of my income for September.

Online Income

$2689.97

Interest

$19.17

Stock Dividends

$95.87

Mystery Shops

$156.27

Cash Back

$44.94

Ebay

$23.94

Bank Bonuses

$140.00

Total

$3170.16

September was yet another good month for income.  My online income was well over $2000 again. I keep thinking this can’t last but I’m off to a good start this month.  It looks like my streak of $2000 months will likely extend another month.  Online income is by far my biggest source of income but I am somewhat diversified. I am making a little passive income from dividends and investments and I added some alternative income from bank bonuses.

This month we also received our first check for our offline business.  My wife has been working hard on this business and I think it is going to grow to be a major source of income for us.  I don’t plan on including the offline business in my income reports and I don’t include my wife’s income in the monthly income reports either.  I include our total expenses but only my income because that is how I prefer to do it but that does mean our total income is larger than what I report here.

I’ll be happy if I can come close to matching September’s income. And for those wondering what my sources of online income are I’ll have my monthly online income report posted in the next few days.

September Expenses – $2421.86

Here is a breakdown of my expenses for September.

Household

$871.88

Entertainment

$30.00

Transportation

$805.55

Food

$344.92

Cable/Internet

$93.77

Phone

$97.78

Electric

$75.05

Medical/Dental

$102.91

Total

$2421.86

Expenses in September were way higher than I prefer.  The household budget was high because there were $261.72 spent on gifts.  There were several birthdays in September.  We also spent a little money on clothing which we don’t do most months but it is necessary sometimes.  The transportation expense was the other big expense.  We had a $294.86 repair bill for getting our brakes fixed and some gaskets replaced.  There was also a $196.90 bill for getting a new windshield.  The windshield has had a couple of cracks for a few months and last month they started getting even bigger so we decided it was time to get the windshield replaced.  We also spent about $250 in gas, not counting the gas used for business.  All of these expenses should be lower in October although there will still be some gifts bought and car repairs made.

I’d really like to get our food bill under $300.  I think it is a reasonable goal and we can make it if I cut back on eating out.   All the other expenses should be roughly the same in October.  My goal for October is to get our expenses back under $2000 again.

Saving Money as a One Car Family

My wife and I are a one car family. When I met my wife last year she didn’t have a car and it was easy for us to stick with just one car after we got married. Since I mainly made my money from blogging I didn’t usually need to be anywhere at a particular time and could take my wife to and from work. Since then we have started working together which makes it even easier for us to be a one car family. There are both benefits and drawbacks to being a one car family though.

The main benefit to being a one car family is saving money. We only have to pay car insurance, registration, licensing, and personal property tax for one car rather than two. We are able to avoid taking out any car loans that might be needed to purchase a second car. Having just one car keeps our automotive expenses at roughly half what they would be if we had two cars. You don’t have to have an aat qualification to see that this is a good deal.

The main drawback to only having one car is when we need to be different places at the same time. This doesn’t happen too often though and we’ve always been able to plan ahead so that we can both be where we need to be. Another drawback is when we need to take the car in for repairs. Then we need to either borrow a car or hang out at the repair shop. The repair shop we usually go to has wi-fi and has pretty quick service so this hasn’t been too much of a problem either.

Most families don’t have as ideal of a situation as ours when it comes to being a one car family. It is worth examining whether your situation would allow you to be a one car family. The large savings are worth the few drawbacks.

Some Thoughts on FINCON11

I was fortunate to spend this weekend at the Financial Bloggers Conference in Chicago. I had a great time and got to meet lots of fellow bloggers. There are a couple of things I wish I had done differently though.

I arrived at the hotel on Friday a little after noon for a meeting with an advertiser. I spotted a few bloggers in the lobby already. Crystal of Budgeting in the Fun Stuff was easily identifiable since she had a BITFS tote bag so I went over and introduced myself and my wife. She then introduced me to Jesse of PF Firewall. Then the guy across from her and introduced himself as J.D. Roth. I was so surprised that I barely managed to introduce myself and forgot to introduce my wife. I wanted to talk to him but was afraid of saying something idiotic and looking stupid so I ended up saying nothing and looking stupid. I am an introvert and have trouble coming up with something to say on the spur of the moment. Before the next conference I have got to be prepared with something to say when a blogger I admire talks to me.

I did recover from that and managed to meet lots of other bloggers. From the Yakezie I met Len Penzo, Barbara Friedberg, Jason from Live Real Now, Suba from Wealth Informatics, Travis from Our Journey to Zero, Ashley from Money Talks, and more. There are too many to list them all.

I also managed to introduce myself to some of my favorite bloggers such as Pat Flynn, Adam Baker, and Donna Freedman. They were all very approachable and I hope I didn’t bore them too much. I didn’t have an agenda that I wanted to talk about. I just wanted to thank them for their helpful and enjoyable blogs. And lastly I was able to meet Phil Taylor of PT Money and thank him for organizing the event.

Here are a few links to more posts about the conference. Thanks to Lazy Man, who I also got to meet at the conference, for putting together the list. I’ve added a few more links to it.

Financially Consumed
Smart Passive Income
The Jenny Pincher
Get Rich Slowly
Cash Money Life
Consumerism Commentary
Wise Bread
Free From Broke
Live Real Now
Budgeting in the Fun Stuff
So Over Debt

How to Pay Cheap Rates, for Not-So-Cheap Coverage

Cheap insurance can come with a cost. Even though you may not see the cost reflected in your premium, chances are it will catch up with you down the line when it comes time to file a claim. Sometimes having cheap insurance means being underinsured which exposes you to financial risk in the event of a claim. However, that doesn’t mean you have to pay an arm and a leg for insurance. Here are the top two ways to pay cheap insurance rates without getting cheap insurance coverage:

Take advantage of discounts:These days insurance providers are offering discounts for all types of things including deadbolts, security alarms, smoke detectors and more. Ask your insurance agent to qualify your for every discount they can and you could save 20-25% on your home owners insurance premiums.

Package your home and auto:Many insurance providers will reward policyholders who bundle their home and auto insurance policies with them. Homeowners have reported savings of up to 20% on their homeowners insurance by packaging their auto with the same company. Ask for a home-auto quote to see what you could save.

For more information on how to save wisely on home insurance, visit the Insurance Information Institute.