July Investment Income

My July investment income rose to $29.44 from $27.69 the month before.  This is pretty good since I was only able to contribute $100 to my Roth IRA.  Most of the gain from the mutual fund in my Roth IRA rebounding a little and receiving the employer match on my small 401k.  Since I’m quitting my job I won’t have a 401k much longer.  I plan to do a rollover to my Roth IRA.  The nice thing about my 401k is that my contributions and the employer match are immediately 100% vested.

Disclaimer:This is not my actual investment income. To get this figure I first add up my retirement accounts, 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.

Running a Marathon On the Cheap

Over at My Money Blog, Jonathan did a post about an Affordable Bucket List.  One item on his list was running a marathon which he listed the cost of as being from free to $$$.  Many commenters replied that running a marathon was very expensive and couldn’t be done cheaply much less for free.  As I stated before in my post Keeping Hobbies Inexpensive people are taking something simple and making it more complicated and expensive than necessary.

I’ve run four marathons and haven’t spent a fortune to run them. Registration fees are usually the item I spend the most money on.  You can easily save money on these by running in smaller races.  An example close to me is the Heart of America marathon which has a $25 entry fee.  You can use the Marathon Guide to find inexpensive marathons in your area. You can also often save money on race fees by registering early.

The next big expense is shoes. I usually spend only about $30 on my running shoes.  Many people think you can’t possibly get quality shoes for that price but I disagree.  I’ve run four marathons and have never had any knee, ankle, or feet problems despite being about twenty pounds overweight.  The trick here is to buy shoes that were originally more expensive and have been marked down to about $30.  When I lived in Nevada I bought my shoes at Big 5 Sporting Goods which usually had a good selection.  I bought my last pair of shoes here in Kansas City at Off Broadway shoes.  I try to purchase a brand that I’ve used before and had good results with such as New Balance.  You can find New Balance shoes cheap online here.  They had New Balance running shoes for under $30 when I checked this morning.

The last expense would be running apparel. You don’t really need to spend anything on this.  You can run in an old pair of gym shorts and a t-shirt.  Running shorts will be more comfortable though and help prevent chafing.  My solution for cheap running shorts is to buy swim trunks when they go on clearance at the end of the season.  This is what I’m currently using and they work fine and the cost was about $5.

Those are the only things you need to spend any money on to run a marathon.  I’m not counting food since you have to eat anyway.  There is no need to buy any gels or special foods.  Since I’ve always been overweight when training for marathons I didn’t feel a need to buy any extra food at all. The key to running a marathon on the cheap is the same one to doing many things on the cheap-keep it simple.

July Income-$1293.99

Here is a breakdown of my income for July.

Job $864.87
Online Income $370.24
Bank/Referral Bonuses $30
Survey/Mystery Shopping $13.5
Interest $15.38
Total $1293.99

My income was decent considering I only received one paycheck in July.  Online income continues to be good and I hope to increase it.  My bonuses were way down this month.  This was mostly due to not receiving any OptionsXpress bonuses but their $100 bonus offer is back this month and my bonus income should go back up.  A large part of my interest income is due to my Wachovia account paying 16% which is ending this month I think.  The amount of interest will go down but it isn’t a significant part of my overall income. Although I quit my job I’ll receive two paychecks so that income shouldn’t be down too much. Next month will be the real test of whether I can make sufficient income without a job.

I Won Free Mcd’s for a Year Again

If you’ve been reading this blog for a while you might recall that last year I won free extra value meals for a year (1 a week) as part of a McDonald’s grand opening promotion. This morning a McDonald’s close to my GF’s house had a similar promotion and we had to take advantage of it. This grand opening was much more crowded than the last one but we still easily were in the first 75 walk-in customers and received our free extra value meals for a year. My GF already informed me that this won’t count as our weekly date meal but it is still a good deal. With the free McD’s I won before I’ll now have two free extra value meals a week during August and September. The drawback to this is that I want to lose weight and eating at McDonald’s doesn’t help that. I’m going to try to make slightly healthier choices but most of what I like at McD’s isn’t healthy.

July Expenses- $1099.62

Here is a breakdown of my expenses for July.

Household

$401.23

Transportation

$340.47

Utilities

$87.34

Food

$73.50

Entertainment

$96.77

Student Loan Debt/Books

$100.31

Total

$1099.62

My expenses were pretty good for the month. The only thing that was too high was my transportation expenses. This was due to my taking a road trip and my car running inefficiently because it needs a tune-up. Since I won’t be taking a road trip this month and I’m quitting my job the transportation costs should be way down. My food costs should also go down since I’m eating many meals at my GF’s now. I count our restaurant meals as entertainment. The entertainment category isn’t too expensive because I find lots of free or low-cost entertainment for us. All the other categories should remain roughly the same.