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Wednesday, December 7

My Frugal Miser - November Expenses: $4,436

In November my spending was a little more than my income.  This month would have looked extremely frugal if not for the excessive gambling I did in Vegas. I'm most proud of the fact that my spending on food came in under $100 last month.  It hasn't been that low since April, when I did most of my eating in the restaurant I was trying to operate.

November Expenses
$192 Auto ($24 service, $168 fuel )
$7 Bank Fees
$0 Clothing
$94 Food
$1,876 Entertainment (movies, gambling, alcohol)
$0 Gifts Given
$9 Household
$110 Health Insurance
$0 Medical
$374 Interest on Debt (not including Mortgage Interest)
$0 Miscellaneous
$397 Mortgage Interest (primary residence)
$769 Mortgage Interest (rental properties)
$13 Personal Care
$0 Subscriptions
$251 Utilities
$344 Vacation

Total November Expenses : $4,436

  • $103 of my utilities expense was a prepayment for my new phone service with Republic Wireless.  The phone isn't scheduled to ship until December 22nd.  This fee includes the cost of the phone and my first month of service.  Once I receive it I will almost certainly terminate my AT&T service and pay the early termination fee to get out of my contract.
  • My food budget was for two people. I averaged $3.13 per day for two people in November. This is lower than normal because my meals in Las Vegas and on the cruise were free of charge or included.  
  • 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.
  • The cruise vacation ended on December 1st, so that expense will be included in my December post.

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