Expense/Income Tracking

Here is a breakdown of my expenses for November.

My November expenses were high due to paying $1500 towards my biopsy bill. If you take those payments away my expenses were almost at my $1000 target. My food expenses were a little high since I ate fast food way too much. All the other expense categories were okay.  My health expense should be back to normal this month and I expect all of my other expense categories will be about the same.

Here is a breakdown of my income for October.

October was a great month for income. This was due to receiving three full paychecks during the month since the month had five Fridays.  Unfortunately, that job is over and I most likely won’t be working another job until tax season starts in January. I’ll need to significantly increase my Uber and FBA income to make up for the loss of the job income.

I didn’t have any Uber income last month since I was working full-time and didn’t want to spend my off hours driving for Uber. My FBA income fell significantly from the previous month since I didn’t put much time into it.  I also spent some of my FBA profits on an ungating service which will allow me to sell in a couple more Amazon categories. That should lead to increased profits. I’d like to get to $1000 monthly profit this month. That amount of profit is reasonably achievable. It is just a question of whether I will have enough cash flow to be able to buy enough stuff to sell to reach that level of profit.

This month’s income will be much less, but I’m hoping my income will at least exceed my expenses.

Here is a breakdown of my expenses for October.

My October expenses were a little high due to a couple of big expenses. One expense was my car insurance bill. This bill was expected. Paying $199.85 for six months of car insurance breaks down $33.30 a month which isn’t a bad deal. Luckily, I didn’t have any other transportation expenses in October so the transportation category of expenses was still a reasonable total.

The other big expense was the purchase of a new laptop.  This was an unexpected expense. I knew my laptop was getting old but I was hoping to get another year or two out of it. Unfortunately, it now gets stuck in a loop of trying to load Windows when I turn it on. This is probably fixable and I’ll eventually get this fixed so I can get things off of the laptop. Since that laptop was running very slowly and didn’t have much life left I decided to go ahead and purchase a new laptop. Even though I got a bargain basement model it is a lot faster than my old laptop. I’m happy I decided to purchase the new laptop.

My other expenses were pretty much normal. This month will see a large increase in the health category since I’ll be paying down my biopsy bill. There might be a large transportation expense as well. My expenses definitely won’t be below my $1000 target this month, but hopefully I can get things set up so that I’ll have very low expenses to start the next year.

Here is a breakdown of my income for September.

September was a better month for income than it appears. I worked the last two weeks of September at H&R Block but my first paycheck was on October 2nd so it didn’t get included in September’s income. Also, I received my settlement from being hit by a car in April.  Although I share almost everything on my blog I’ve decided to keep the amount of the settlement secret for now. The settlement was less than I was hoping for, but it was a boost to my finances.

October will be a much better month for income.  I get paid by H&R Block every two weeks and this month happens to be a three paycheck month which will help the income total out quite a bit.

I’m pleased with the amount I made from FBA in September. This is the first time I’ve managed to make over $500 in a month. I’m slowly learning and getting better at this business. I’m backing off a bit this month since I’m busy with the day job. With the Christmas shopping season coming soon though, I’m hoping to ramp up the FBA business a lot higher.

This month’s income should be at least quadruple last month’s income.

Here is a breakdown of my expenses for September.

My September expenses were a little high due to my road trip to Virginia and back. In addition to the travel expense of $186.64 the trip increased the total of my food and transportation expenses. The trip probably added about $50 to my food expense. That isn’t too bad of an increase. I used about $135 of gas on the trip. The rest of the transportation charge is from a $100 gas card that I used for one fill up towards the end of the month. For ease of accounting I count the entire card as an expenditure as soon as I use it. This means my October transportation expense should be pretty low.

My food expense should return to normal this month. I don’t think I’ll have any travel expense. The health category is the one that will probably inflate my expenses this month. I still haven’t received a bill for my biopsy in August. My insurance has sent me a statement of what they paid. From that statement I know I’ll owe about $1500 for the biopsy. Medical and dental expenses are killing my budget this year, but they are necessary. I’m hoping I’ll be healthy next year and these expenses will revert to the level of previous years.