Thursday, July 8

My Frugal Miser - June Income: $3,858

June was okay but not spectacular. Because I don't amortize periodic expenses (insurance, taxes, etc.), from time to time my income takes a big hit. In June I paid property insurance. I recognize the insurance on my residence as an expense but offset the cost of insurance for my rental properties against my rental income.


June Income
$1,972 Mystery Shopping*
$219 Rental Income
$1,667 Other Sources
$3,858 Total Income for June
*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 in my monthly mystery shopping update I report the amount I earned for that month.

Notes:

  • My most expensive rental property is now vacant. The tenants paid the June rent late, so it will be reflected in my July income.
  • 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.

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