Expense/Income Tracking

Here is a breakdown of my expenses for December.

December was a another good month for expenses. I would have made my monthly goal of $1000 if it were not for medical expenses. That is getting to be a recurring theme.  I have a very large medical bill that I need to pay over the next couple of months so the theme of medical bills making me miss my target expense level will continue for a while. There is nothing I can do about the medical bills I’ve already incurred, but I’m going to be much smarter about medical expenses this year.  I need to stop incurring these medical expenses which never seem to improve my health.

My monthly food expense was too high again. The total was a little lower at least.  This month I’m setting a budget of $50 for eating out. I have a fair amount of food in my apartment so it will be easy to keep my food expense low if I don’t spend more than my allotted amount going out to eat.

The entertainment expense was a little high due to buying a discounted Hulu gift card to prepay for a few months of Hulu. There was also a dinner expense that I put in the entertainment category.  Other than that my expenses this month should be about the same as last month.

2017 Year End Net Worth

Assets

• Cash – $3139
• IRA  – $35441
• Roth – $1743
• Solo 401k – $3306
• Stuff – $2000
• HSA – $1100

Liabilities

Student loan – $117,743

My total assets of $46,729 minus my liabilities of $117,742 results in a net worth of $-71,013.  I managed to increase my net worth by about $15,000 this year.  With the stock market contributing 20% returns the result should have been better, but the roughly $7200 a year interest on my student loan makes it difficult to make progress.  A $15,000 increase on about $40k income isn’t too bad I guess.  I plan to do better this year.

Here is a breakdown of my income for December.

December’s income was pretty good. I managed to make over $800 from my non-job sources of income. My job income was down a little due to taking advantage of the ability to have extra unpaid time off at Thanksgiving.

This month is the start of the tax season which means that I will have overtime hours available the second half of the month. That paycheck won’t be received until February so the increased job income won’t show up until then. I doubt I’ll be able to make as much from my non-job sources of income this month.  This year I intend to increase the money I make from credit card and bank bonuses, and to increase my FBA income as well. This month will likely be a decrease from December, but it should still be a decent month.

Here is a breakdown of my income for November.

November’s income was okay. This is roughly what my income will be in a two paycheck month where I don’t make any money from my side hustles. Although I did make a little money from my blog and cashback that was negated by a loss from Amazon FBA. I had a return of an over $300 item. I usually avoid buying these more expensive items due to the risk of a costly return, but I took a chance on this one since I got such a great deal. I should still be able to sell the item as used this month and make up the loss.

It should be a good month for FBA with all of the holiday shopping. I just need to get some inventory sent in. Other than that I don’t expect much change in my income this month.

Here is a breakdown of my expenses for November.

November was a another good month for expenses. I would have made my monthly goal of $1000 if it were not for the $111 doctor bill I paid during the month. When I switched to employer insurance in September my deductible reset which was bad for me since I had already met the deductible on my marketplace plan. If I still had my marketplace insurance the doctor visit wouldn’t have cost me anything. Even before meeting the deductible on my marketplace plan doctor’s visits were a set $35 a visit.  On the plus side, my employer insurance is an HDHP which will allow me to open an HSA and put some money in there before the end of the year giving me a tiny bit of tax savings.

My monthly food expense was way too high again. If I had kept that expense to a reasonable $100, I would have made my $1000 goal. I ate out nearly every day and sometimes twice in a day. My plan was to cut back on my food expense in November. Obviously, I didn’t follow through on that. I’ll make that my plan again for this month and I intend to actually follow through on it this month. I don’t have any travel planned this month and I have a fair amount of food in my apartment so it would be easy to keep my food expense low if I just don’t go out to eat too often.

I had a little bit of travel expense this month due to my four night trip to Las Vegas. I had already paid for one night hotel.  This month I paid for another hotel night and had two nights comped. I also had a Lyft ride to the airport, a bus pass from the airport, and paid to select my seat on my Spirit flight to Las Vegas.  Added to the expenses I previously paid I still paid well under $100 for four nights in Vegas, including round trip airfare from Kansas City.  I won about $40 gambling so the trip ended up costing me about what I would have spent if I had just stayed in KC during that time.

How was your month?

Here is a breakdown of my income for October.

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.