June 2013 Monthly Expenses

by FI Fighter on July 22, 2013

in Monthly Expenses

June_2013

June was a pretty busy month for me. I got into contract for Rental Property #3 and was pretty swamped at work. As a result, I actually spent even less than I do on a normal month.

Expenses

The regular expenses (rent, utilities, internet, etc.) were inline with expectations, so no surprises there. This month, I actually had to fill up on a tank of gas, which was a total bummer. I had gotten used to biking, and actually didn’t need to visit the gas station once in May. One visit every other month seems to be where I’m at right now. For those who are wondering how this is even possible, I should probably point out that I have friends and co-workers who love to drive! It’s not that I don’t offer to drive (except at work, since I bike now), but I often don’t need to. Most of my driving takes place when I go to the supermarket… so exciting, I know. 😉

As mentioned, work was intense this month. Lots of late nights and overall just busy, busy, busy. As a result, there was very little time to play.

No Play = No Money Spent.

Other/Fun

This month must have set a record for least amount of money I’ve ever spent in the Other/Fun category.

However, the weather also has a lot to do with that. It’s been pretty sunny, for the most part, so I’ve been doing a lot of outdoor activities. This includes biking, hiking, and basketball.

Rental Properties

I renewed my insurance for Rental Property #1 this month. This came out to be around $24/month. Not too bad since I get a discount from the insurance company for also subscribing to their auto insurance. Rental Property #2 had no activities this month. I just sat back and collected the rent check. Just the way I like it! 🙂

Savings

To make tracking my savings and spending ratios less complicated, I’ve decided to just use the “personal expense” ratio. All I’m doing now is taking my own personal expenses and dividing by my work income. By using this approach, the savings numbers will be more constant since my work income shouldn’t fluctuate much from each month. This will give me a better indicator on how I’m doing on a monthly basis. For June, I saved 72.58% of my work income.

I’ve decided to not factor in rental income to the bottom line until the end of the year since the numbers are always erratic from month-to-month. For instance, I paid for rental insurance this month for the entire year for Rental Property #1. This result will significantly skew the net rental income. At the end of the year, I’ll tally all rental expenses and come up with the net operating income. This will be give me a true picture on how much cash flow I’m really bringing in each month, which is ultimately what I care most about.

Here is the complete breakdown. Next month should be more interesting since I’ll have Rental Property #3 expenses to account for.

June_2013_Expenses

{ 7 comments… read them below or add one }

1 LeighNo Gravatar July 22, 2013 at 7:36 am

$1,149.32 in total spending for the month including rent is so awesome! That’s a bit more than $100 more than my mortgage payment…

That sucks about having to fill up your gas tank. I just filled up this past weekend and I may need to fill up again this month, but I sure hope not. I was doing so well in the winter with only filling up every other month and then lately, I’ve been filling up once or twice a month.

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2 FI FighterNo Gravatar July 24, 2013 at 12:20 am

Leigh,

Yeah, it feels kind of weird having to fill up on gas after getting by for a month or so without it. Another reason why I think EV’s are here to say. Once you stop pumping gas… you NEVER want to do so again!

I think once every two months is pretty darn good. I feel bad for people who have to do it every week and have to fill up on premium.

Take care!

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3 LeighNo Gravatar July 24, 2013 at 9:39 am

I hate physically pumping gas so much – an EV would be great for that!!

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4 FI FighterNo Gravatar July 26, 2013 at 6:11 pm

Agreed!

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5 Dividend investing MartinNo Gravatar July 22, 2013 at 10:12 pm

With a family of four it is impossible to meet that spending rate and savings rate. BUT, I am speeding up my debt elimination process and when and if successful, I will have roughly 5k annually available for investing! And all that will go towards my ROTH.

Good job man. Keep posting it often, because it makes me crazy and keeps me on track.

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6 FI FighterNo Gravatar July 24, 2013 at 12:22 am

Martin,

Yeah, I can only imagine how much more difficult it must be to save and support a family of four. Luckily, I’m single and can “afford” this type of lifestyle for now. I don’t anticipate this will always be the case, so I’m trying to be diligent about saving as best I can.

Great job on funding the Roth! I’ve been doing so every year as well.

Cheers!

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7 GaryNo Gravatar January 28, 2014 at 7:26 am

How do you get your utilities and internet fees so low?

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