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Tuesday, November 8

My Frugal Miser - October Expenses: $3,611

In October I spent a bit more than I made.  I did really well in the fuel category because I mystery shopped over 75 gas stations, but those savings were offset by some proactive repair work I had completed on my car.  I did poorly in the food category but know I'll do better in November.  Finally, I had an unexpected household expense.  My home refrigerator, which was only three years old, stopped working.  The repair would have been more than $600 so I opted for a much smaller $412 refrigerator.  It's instances like this when you realize they really don't make things like they used to.

October Expenses
$470 Auto ($449 service, $21 fuel )
$0 Bank Fees
$0 Clothing
$415 Food
$118 Entertainment (movies, gambling, alcohol)
$121 Gifts Given
$440 Household
$100 Health Insurance
$0 Medical
$372 Interest on Debt (not including Mortgage Interest)
$0 Miscellaneous
$400 Mortgage Interest (primary residence)
$772 Mortgage Interest (rental properties)
$7 Personal Care
$0 Subscriptions
$188 Utilities
$208 Vacation

Total October Expenses : $3,611

  • Nearly all of the Vacation category ($183 of the $208) was spent on two round-trip tickets I purchased to New Orleans for next year.  Southwest had a really good sale so I anticipated that by February of next year I will be itching to travel.  If I change my mind I can save the credit for a different flight.
  • My food budget was for two people. I averaged $13.39 per day for two people in October. This is higher than normal because we ate out way too much.  
  • Interest on debt is deceptive because nearly all of that debt was taken on to purchase income-producing real estate.  Six of my nine properties don't have mortgages because I used alternative financing such as a HELOC, a personal loan, or credit card advances.  Only $21 of the $372 was NOT for real estate, which is the interest on my student loans.

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