Money and Finance
August was a decent month for my spending with it being below my average so far for the year, but it was still higher than it should have been. My minimum expenses in August ended the month at $1,417.13. So far in 2012 my minimum expenses have averaged $1,542.09 through August but the average should start creeping down with my $230 debt service payment no longer being made since that's paid off. Total expenses for the month were $1,615.80. Considering how poorly I did on a lot of my budget for the month that's a win in my book since I have averaged $1,721.18 per month year to date. Unfortunately my potential retirement income is still lower than I would like but that was due to a slow payout month. PRI totaled only $9.87 which is 0.70% of my minimum expenses. Thanks to a rise in the 30 year treasury rate to 2.67%, my FI at the end of the month was $144.48 which covered a much more respectable 10.20% of my minimum expenses. Since I am trying to be able to live off of dividends, my PRI is a much better number to go off of with it's sources being dividend and interest income. Through August my PRI has average 3.51% coverage of my minimum expenses.
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- Income Update - February 2013
February was a great month. I had a higher than normal income and put the difference to straight to savings. I did a pretty good job with controlling expenses for the month. Restaurants and groceries both overshot their budget, but by a combined $14 so...
- Income Update - January 2013
January was a truly awesome month. I ended up bringing home over $2,200 more than my average for 2012 and the best part is that all went straight to savings. I only overshot one category by a lot but that'll start getting in check beginning with...
- Income Update - November 2012
November's income was higher than my average so far for the year which is great because I'm still able tor reduce my expenses so every extra dollar of income gets to be converted into savings mainly dividend growth investing capital. Not only...
- Income Update - October 2012
October's spending was right in line with August and September which is good because it hasn't increased but it's still higher that where I would like for it to be. I was hoping to be able to get my spending down to the $1,300 mark but I...
- Income Update - September 2012
September was an okay month for my spending. I let my expenses creep up higher than where I would like but I was still lower than my average for the year so far. My minimum expenses for September ended the month at $1,422.25. This brought my average...
Money and Finance
Income Update - August 2012
August was a decent month for my spending with it being below my average so far for the year, but it was still higher than it should have been. My minimum expenses in August ended the month at $1,417.13. So far in 2012 my minimum expenses have averaged $1,542.09 through August but the average should start creeping down with my $230 debt service payment no longer being made since that's paid off. Total expenses for the month were $1,615.80. Considering how poorly I did on a lot of my budget for the month that's a win in my book since I have averaged $1,721.18 per month year to date. Unfortunately my potential retirement income is still lower than I would like but that was due to a slow payout month. PRI totaled only $9.87 which is 0.70% of my minimum expenses. Thanks to a rise in the 30 year treasury rate to 2.67%, my FI at the end of the month was $144.48 which covered a much more respectable 10.20% of my minimum expenses. Since I am trying to be able to live off of dividends, my PRI is a much better number to go off of with it's sources being dividend and interest income. Through August my PRI has average 3.51% coverage of my minimum expenses.
Read more »
- Income Update - February 2013
February was a great month. I had a higher than normal income and put the difference to straight to savings. I did a pretty good job with controlling expenses for the month. Restaurants and groceries both overshot their budget, but by a combined $14 so...
- Income Update - January 2013
January was a truly awesome month. I ended up bringing home over $2,200 more than my average for 2012 and the best part is that all went straight to savings. I only overshot one category by a lot but that'll start getting in check beginning with...
- Income Update - November 2012
November's income was higher than my average so far for the year which is great because I'm still able tor reduce my expenses so every extra dollar of income gets to be converted into savings mainly dividend growth investing capital. Not only...
- Income Update - October 2012
October's spending was right in line with August and September which is good because it hasn't increased but it's still higher that where I would like for it to be. I was hoping to be able to get my spending down to the $1,300 mark but I...
- Income Update - September 2012
September was an okay month for my spending. I let my expenses creep up higher than where I would like but I was still lower than my average for the year so far. My minimum expenses for September ended the month at $1,422.25. This brought my average...