Today's Focus

Current Goal: Automate Savings and Mortgage Paydown

1) Extra $1,100/mo. to mortgage
2) $1,000/mo. to short-term savings
3) $400/mo. to investing

Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!

January 1, 2019: $59,592
August 11, 2020: PAID!


Search My Frugal Miser

Tuesday, January 7

My Frugal Miser - December Expenses: $17,550


December finishes the year in the red.  Personal spending was around where it normally is, but business expenses were high. 

I averaged $19/day for food.  This has to stop!  We ate out every meal while in Birmingham to work on one of my properties, as well as a couple of meals in Miami when we went to the Madonna concert.  There was also some holiday meal spending mixed in there.

There were some larger expenses.  I paid $190 for a new car battery.  We drove to Birmingham to work on a vacant rental property - 600 miles each way.  That used up a lot of gas.  I bought a $500 Amazon gift card to take advantage of a 5% cash back offer.

Business expenses won't be nearly as high in 2020.  I made the final payment on the new siding at the Airbnb.  As I mentioned, we went to Birmingham to do some work.  This entailed a hotel room and supplies including paint and repair materials.

December Business Spending:  $12,989
December Personal Spending:  $4,561

December Expenses:  $17,550

$527 Auto (service, gas, insurance, AAA, etc.)
$199 Bank Fees
$38 Clothing/ Personal Care
$408 Fun (vacations movies, gambling, alcohol, concert tickets)
$590 Food
$406 Health and Dental
$1,498 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$60 Miscellaneous
$494 Taxes includes quarterly tax payments
$0 App Jobs Expenses (tolls, car washes, etc.)
$60 Unreimbursed Job Expenses
($59) Reimbursed Job Expenses
$340 Utilities
$1,822 Rental Property Expenses
$11,167 AirBNB Expenses

No comments:

Post a Comment