Money and Finance
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 did I have a higher income for the month but my minimum and total expenses were both lower than I've averaged for the year so far. My food budget is still really high but that's mainly due to the fact that I am on the road a lot so when I'm home I spend more on restaurants to take my wife out and my grocery bill is elevated for the same reason. Once we reach early FI I know our food budget will be drastically reduced. In November my minimum expenses for the month totaled only $1,392.81 which is my lowest for a total month. Unfortunately my total expenses didn't drop quite as much but they did drop so there was improvement on that front. Total expenses for November came in at $1,530.60. My average minimum expenses for the year dropped from $1,519.96 to $1,508.40, of course that includes my debt service payment from earlier this year. My average since that's been gone is $1,418.22. My average total expenses dropped from $1,691.36 to $1,676.74 including November. Dividend and interest income for the month was a little light, coming in at $63.09, this covered 4.53% of my minimum expenses for the month. My FI number, net worth less traditional retirement accounts based on the monthly income I could generate from the 30 year Treasury yield, increased again to $196.58 with my extra savings. This covered 14.11% of my minimum expenses for the month.
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- Income Update - April 2013
Another month has rolled by and it's been just an amazing start to the year. My income has been higher than average every month so far this year, although June's will take a dip. April was a pretty standard month with nothing really out of...
- 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 - 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...
- 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...
- Income Update - July 2012
July was a pretty good month for my spending. My income was up higher than normal again which is great because it just adds to my savings amount. My minimum expenses for July went back up due to me forgetting that I'm paying my wife for things a month...
Money and Finance
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 did I have a higher income for the month but my minimum and total expenses were both lower than I've averaged for the year so far. My food budget is still really high but that's mainly due to the fact that I am on the road a lot so when I'm home I spend more on restaurants to take my wife out and my grocery bill is elevated for the same reason. Once we reach early FI I know our food budget will be drastically reduced. In November my minimum expenses for the month totaled only $1,392.81 which is my lowest for a total month. Unfortunately my total expenses didn't drop quite as much but they did drop so there was improvement on that front. Total expenses for November came in at $1,530.60. My average minimum expenses for the year dropped from $1,519.96 to $1,508.40, of course that includes my debt service payment from earlier this year. My average since that's been gone is $1,418.22. My average total expenses dropped from $1,691.36 to $1,676.74 including November. Dividend and interest income for the month was a little light, coming in at $63.09, this covered 4.53% of my minimum expenses for the month. My FI number, net worth less traditional retirement accounts based on the monthly income I could generate from the 30 year Treasury yield, increased again to $196.58 with my extra savings. This covered 14.11% of my minimum expenses for the month.
Read more »
- Income Update - April 2013
Another month has rolled by and it's been just an amazing start to the year. My income has been higher than average every month so far this year, although June's will take a dip. April was a pretty standard month with nothing really out of...
- 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 - 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...
- 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...
- Income Update - July 2012
July was a pretty good month for my spending. My income was up higher than normal again which is great because it just adds to my savings amount. My minimum expenses for July went back up due to me forgetting that I'm paying my wife for things a month...