Today's Focus

Current Goal: Eliminate Mortgage on Rental Property

January 1, 2019: $59,592
October 19, 2019: $55,780

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Monday, February 11

My Frugal Miser - January Expenses: $12,996


January was another fairly expensive month.

I have switched from Quicken to a customized spreadsheet to manage my finances.  As part of that transition I have consolidated some categories.  I am also now reporting business expenses.  Previously I did not include rental property expenses. It's all designed to simplify managing my money.

  • We spent a week in Birmingham working on the empty townhouse.  I had to replace the cabinets and countertops, which was a $6,000 expense.
  • Food spending was high. We ate out every day while we were in Birmingham.  We eat restaurant food way too much.
  • I switched from an ACA health plan to one called Liberty Healthshare.  The monthly premiums are higher but overall it should lower my health expense.

January Expenses:  $12,996

$209 Auto (service, gas, insurance, AAA, etc.)
$0 Bank Fees
$47 Clothing/ Personal Care
$15 Fun (vacations movies, gambling, alcohol, concert tickets) 
$583 Food
$0 Gifts Given
$1,331 Household/Mortgage Payment/Home Repair
$0 Investment Expense
$77 Interest Expense*
$0 Miscellaneous
$0 Taxes (Quarterly Tax Payment)
$0 App Jobs Expenses (tolls, car washes, etc.)
$101 Unreimbursed Employee Expenses
$110 Utilities
$8,343 Rental Property Expenses

*Interest expense includes student loans.  As the rate is below 2%, I am completely comfortable paying the interest each month and investing the money that I would otherwise use to pay off this loan.  

Friday, February 8

My Frugal Miser - January Income: $14,389


My income in January was good.
  • Meeting season has begun.  More of my work was working meetings, but I still managed to deliver some for Amazon.  
  • One rental property is vacant; everything else is occupied with rent paid.  I m now including homes owned through my retirement accounts.
  • AirBnB was solid once again.
  • My investment account was way down.  My Sears put options lost a significant amount.  I had to close them out but still made a tiny profit.

January Income: $14,389

($21) Mystery Shopping
$1,425 Meeting Jobs
$27 Gig Apps (Uber, Lyft, Postmates, Doordash)
$868 Amazon Deliveries
$9,716 Rental Income
$2,150 AirBnB Income
$28 Interest Income
$197 Other Sources

Investment Accounts Change in Value (Excludes IRAs):  -$10,025