Wednesday, May 5

My Frugal Miser - April Income: $9,488


April was another decent month. I managed to reach my mystery shopping goal of $3,000, and I received a $500 refund from my insurance company for increasing the deductible on one of my rental properties. Now all of my properties have a $5,000 deductible. The savings have been substantial, and I am using insurance for its intended purpose, which is disaster coverage only.

April Income
$3,470 Mystery Shopping*
$4,811 Rental Income
$1,207 Other Sources
$9,488 Total Income for April
*note that the mystery shopping income will always vary from the monthly summary amounts I post. Here I report actual payments received (cash basis accounting) whereas my monthly mystery shopping update I report the amount I earned for that month.

Notes:

  • After thinking it over I have decided not to include the change in value of my retirement accounts in my monthly income. Instead, I will start making some long-term goals as to the value of those accounts. My retirement accounts did outperform the S&P 500 in April: my Roth IRA was down .17% but my Rollover IRA compensated and was up 3.5%. The S&P 500 increased in April by 1.48%.
  • The category "Other Sources" includes non-recurring (or semi-recurring) income since I always seem to have a little something that doesn't fall into the other buckets.
  • Excluding the entry I made in March for the change in retirement account value, I earned $8,799 in March. I increased my income in April by $739.
  • I now have one vacant property. The tenant moved at the end of April, so this will impact my May rental income slightly.

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