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Monday, June 4

My Frugal Miser - May Income: $11,231

May was a strong month.  I earned significantly more than I spent, which enabled me to pay down some debts and spend a little more than I would otherwise have for entertainment and upcoming vacations. On Tuesday I will take a look at my spending, so today let's took a look at where the money came from.

May Income
$1,096 Mystery Shopping
$6,447 Rental Income
$3,688 Other Sources
$11,231 Total Income for May

  • I've been averaging about the same amount for mystery shopping for a few months now.  For this category I combine my reimbursable expenses as they occur with the income that comes in during the month.  Accountants wouldn't like my way but it sure is easy, and over the long run it's 100% accurate.
  • Rental income was solid.  I rented the vacant townhouse faster than expected.  One tenant paid $135 in late fees.  I love late fees. 
  • Other Sources was much higher than usual.  This month it includes my 2011 state tax refund and a settlement check from the bankruptcy trustee of a company I invested in many years ago.  That check was for more than $3,000.  Considering I invested something like $24,000 with that company from 2002-2004, I received just a fraction of my investment back.  Still, it was a welcome addition to the month.

1 comment:

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