May Expenses – $2218.61

Here is a breakdown of my expenses for May.

Household

$893.39

Entertainment

$66.57

Transportation

$292.41

Food

$81.15

Medical/Dental

$57.44

Utilities

$51.91

Debt

$30.00

Travel

$745.74

Total

$2218.61

May’s  expenses were way higher than normal but my expenses should be back under control this month.  The household expense was high because I had to pay rent on two places for a while plus I had a couple of application fees.  The transportation expense was high because I made many three hours each-way trips from K.C. to Springfield and back.  The transportation expense isn’t quite as bad as it seems though because some of mileage I was reimbursed for by the Census Bureau and mileage for my mystery shopping will be deductible.  My transportation expense will go down this month since I shouldn’t have any long trips although I probably will be doing a fair amount of driving for my mystery shops.  The travel expense is for my honeymoon/wedding trip.  This isn’t too bad for two round-trip tickets, three nights hotel, and ground transportation to and from the airport.  There is a small possibility that I will get some of this comped back to me.  There shouldn’t be any travel expense this month although there might be a small bit of wedding expense.  My other expenses should remain roughly the same this month.  I’m hoping I will be able to get my expenses under $1000 this month.

April Investment Income – $96.83

My April investment income went down to $96.83 from $98.43 the month before.  This is because I didn’t add to my investments and the stock market went down.  I won’t be adding to my investments this month either and it looks like the stock market is going down more so my investment income will probably go down again.  This is a little frustrating since I was looking forward to getting over the $100 mark but as soon as I’m able to start adding to my investments I should reach the $100 goal.

Disclaimer: This is not my actual investment income. To get this figure I first add up my retirement savings, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income. My goal is to get this amount to $1000 a month. If I have $1000 in monthly passive investment income I will be able to retire early.

April Income – $934.03

Here is a breakdown of my income for April.

Online Income

$641.21

Interest

$24.80

Stock Dividends

$24.75

Mystery Shops

$66

Bank Bonuses

$140

Surveys/Cashback

$7.27

Focus Group

$30

Total

$934.03

It was a decent month for income.  I made over $900 without any job income.  I did start work at the end of April but I’ll be paid for those days this month.   Since I am working a job this month some of my other sources of income will be down this month but the passive income should be about the same.  Overall though I will have a significant increase in income this month.

April Expenses – $982.73

Here is a breakdown of my expenses for April.

Household

$385.35

Entertainment

$67.30

Transportation

$320.77

Food

$86.84

Medical/Dental

$57.44

Phone

$35.03

Debt

$30.00

Total

$982.73

April’s expenses were not too bad.  They did total less than $1000 which is a goal I always shoot for.   My expenses could have been much lower but I spent a lot in the transportation category this month.  This is because I paid for six months of car insurance and I spent a lot on gas visiting my GF who lives three hours away from me.  I consider that money well spent.  Tracking all my expenses does help with my budgeting but I doubt I will be able to get my expenses any lower this month.  I will be visiting my GF every weekend and driving my car for my job.  I will be getting reimbursed for my mileage for my job.  I’m not sure how I will account for that on my expenses.  I will probably just count the mileage reimbursement as income and my car expenses as expenses.  I did manage to keep my food expenses under $100 last month and until the end of the month when I went on a fast-food binge I was well under.  I think I should be able to match or beat that this month as long as I can keep my fast-food cravings under control.   My other expenses should be about the same this month.

March Investment Income – $98.43

My investment income rose from $89.50 in January to $98.43 in March. That is a great increase and it is almost entirely due to gains in my stock portfolio and Roth IRA. I did add $100 to my Roth but otherwise haven’t made any contributions to my investment portfolio this year. If the stock market doesn’t decline I should be able to pass the $100 mark in the next couple of months. There is also a possibility that I will be making a large contribution to my portfolio which would speed things up a bit.

Disclaimer: This is not my actual investment income. To get this figure I first add up my retirement savings, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income. My goal is to get this amount to $1000 a month. If I have $1000 in monthly passive investment income I will be able to retire early