Taxes Filed and Hopes for Hike

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I just finished filing my federal taxes.  I filed online using Tax Act which is completely free for your federal taxes.  It was pretty easy to use and best of all free. Did I mention I like free? The only thing I will change next year is not selling stocks.  It is a bit of a pain filling out all the stocks I sold for possible short term capital gains tax.  My federal refund is going to be $5.  Not too bad considering I had a lot of self-employment income and didn’t have any federal tax withheld.  The EIC and Making Work Pay credits saved me from having to pay. My refund is scheduled to be deposited next week.  I am going to do my state taxes manually because I don’t want to pay to file them and I am going to have to pay the state so I’m not in a rush to get the state taxes filed.  I did manage to file my taxes and make this blog post despite being drunk.   Probably not too smart but it seems like a good idea right now.

I am starting my thru-hike March 2.  That is why I decided it would be a good idea to finish off the fifth of vodka in  the freezer.  I have a lot of hopes for this hike.  I think I lost a  lot of readers last year when I failed to complete my hike or stay abroad as I had planned.  Hopefully if I complete this hike as planned I will regain some credibility.  I also need to get in shape.  This past year I have gotten into the worst shape of my life and have been sick much more  often than usual.  I have also felt tired and unmotivated most of the time.  I have suffered from clinical depression before but I don’t think that is what is bothering me now.  I think it is just laziness.  Perhaps hiking 15 miles a day with 30 pounds on my back will cure that.   I need to get in much better shape physically.  I also need to get better mentally.  I have a pretty good life right now but I should be doing more.  There is a lot more I could do online and towards volunteer work, etc.  that would improve my quality of life and the lives of others as well.  Here is to hoping the hike will help me develop that self-discipline.

P.S.  I am watching Lost right now and it isn’t making any sense which isn’t too surprising since I have trouble following it when I am sober.  Maybe I should start smoking weed and then it would make sense.

Grocery Budget Update

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In January I stated that this month I would share with you all the foods I buy and what I pay for them and I would only eat out once a week and not purchase any chips, cookies, candy, crackers, ice cream or soda. We are now halfway through the month so I will update you on how I am doing.

On the positive side I have managed to avoid purchasing any chips, cookies, candy, crackers, or ice cream. I did have lots of chips and cookies when I visited my mom for super bowl weekend though. And I used some of my Register Rewards at Walgreens to get more soda. My rationalization at the time was that I wasn’t spending any money on the soda so it didn’t count as a purchase. That is obviously cheating though.

On the negative side I abandoned the goal of only eating out once a week. I’ve been having restaurant food almost every day. And I have been having soda with those restaurant meals.

Now for a complete rundown on all food purchased so far this month.

  • 3/4 gallon skim milk
  • 4.89 lbs bananas
  • 1 box mac&cheese
  • 48 oz vegetable oil
  • 1 lb bag mini carrots
  • 12 oz salad mix
  • 12 oz salsa
  • 6 Knorr pasta/rice sides
  • 1/2 gallon orange juice
  • 750 ml vodka
  • 1 frozen pizza
  • 2 bags of peanuts and 2 sodas
  • 7 Burger King meals
  • 1 Hardee’s Meal
  • 1 Little Caesars Pepperoni Pizza
  • 1 Pizza Street pizza buffet

The total spent on this is $53.65.  Some things that kept the cost down are: I had six free meals when I visited my mom, I had a freee $10 Burger King gift card from MyPoints, I received the pizza buffet for free as part of a mystery shop, and I already had some food at the beginning of the month.

Some things that inflated the cost:  I didn’t manage to finish either the carrots or the salad mix before they went bad, part of my half-gallon of milk went bad, and the Knorr sides are for my hike so I probably shouldn’t have included them in this month’s food budget.

As you can see there is plenty of room for improvement in my diet.   I don’t do very well with eating perishables before they go bad and I am still eating out too much and eating too much junk.  I have about as much food in my pantry now as I did at the beginning of the month.  I’ll be leaving for my hike at the beginning of March so I want to use up as much food as I can .  My plan is to not buy any; more food for the rest of the month except when I’m on vacation in Vegas.  I will have another update after the end of the month and let you know how it went.

Viva Las Vegas

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Gray Line Neon Lights Tour
photo credit: Smart Destinations

Next weekend I will be taking a short vacation in Las Vegas. Through a friend of a friend I was able to get a round trip flight for $100 which was too good of a bargain for me to pass up. Adding in my hotel room, parking, and ground transportation will be roughly $100 more. The only thing that could make this vacation expensive is gambling. And I will be gambling but I plan to keep it under control. I might even win. It has happened before.

I won’t spend all my time gambling. I’ll spend time hanging out with my best friend who is working a poker tournament there. I lived in Las Vegas for five years and I would like to look up some of my old friends there as well. Being frugal I have some coupons for various activities to use also.

Since I am leaving on my hike in March my original plan for February was to keep my expenses as low as possible. My frugality isn’t so strict that it would keep me from taking advantage of bargain vacation like this just because it wasn’t in my budget though.

Tracking Passive Income

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To keep track of how I am doing in my quest for early retirement I have decided to add another monthly financial measurement. I will be tracking my passive income. For the purposes of this measurement my passive income will be my online income, interest, and stock dividends. My online income is only partly passive but to keep things simple I am counting all of it. Since I will likely keep blogging whether I need the money or not it doesn’t seem too inaccurate to include my online income in my passive income total. My online income, interest, and stock dividends can vary quite a bit from month to month so I am going to measure my passive income by my trailing twelve month average. This should smooth out the peaks and valleys a little. Hopefully the overall trend will be that of rising passive income.

Over the past 12 months my passive income has averaged out to $412.04 a month. My goal is to have this consistently over $1000 a month. At that point I will consider myself retired. Even once retired I will continue to participate in money-making activities of my choosing so it wouldn’t be the traditional form of retirement.

Netflix – Cheap Entertainment for Movie Lovers

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As you can tell from the picture of some of my movie ticket stubs from the last few years I love movies. Netflix is the greatest value I have found in movie watching entertainment. Yes, I could get DVDs for free from the library or an occasional free DVD from Redbox but neither of them have anywhere near the selection of Netflix. Now that I have the ability to stream movies over the internet as well as receive DVDs in the mail my other movie-watching options do not compare. I will always watch a few movies in the theater but now that I have Netflix I have cut way back on going to the movies. I try to limit going to the theater to those movies that will most benefit from being shown on the big screen.

Netflix is also a great way to watch TV series. I’m just about to finish the second season of “Veronica Mars” which is now one of my all-time favorite movies. I like the series so much that I almost went to see “When in Rome” just because Kristen Bell is in it but the previews made it look too awful so I will wait for it to come out on DVD. Now that I have unlimited movies available via mail and internet I can take a chance on movies I’m not sure about it. My plan comes out to $9.68 a month with tax which is about what I would spend in one trip to the movie theater. This makes Netflix a frugal entertainment option for me. As you can tell I’m a big fan of Netflix and have no reservations about including a couple of affiliate links for them in this post.