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!


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Friday, March 6

My Frugal Miser - February Expenses: $7,504


February was a solid month:  income easily exceeded expenses.  However, there's still plenty of room for cutting costs.

Not So Good

I spent $950 on bank fees.  This isn't something I will try to cut back.  My self-directed IRA charges $500 in custodial fees each year.  I also paid the $450 annual fee on my Chase Sapphire Reserve card.  It's totally worth it with the benefits I receive from the card.

I spent $461 on utilities, which includes $210 for our Google Fi phone plan.  I might start shopping for unlimited data plans since we've been maxing out our data charges lately.  A lot of the data is from using my phone during Amazon routes or meeting jobs. 

I spent $650 on car repairs.  I needed a new tire and new front brakes and rotors.  My car is paid for but has 210,000 miles on it.

Better

Spending on food was down for the third month in a row.  Most of the meeting jobs provide meals.  In December I averaged $19/day for food.  In January this declined to $15/day (this is for two people).  I brought this down to $6/day last month.  I'm really happy with this! 

The "fun" budget was under $100.  We spend $48/month for unlimited movies at AMC.  Movies are our top entertainment choice so this is money well-spent.

February Business Spending:  $2,233
February Personal Spending:  $5,271

February Expenses:  $7,504

$829 Auto (service, gas, insurance, AAA, etc.)
$950 Bank Fees
$7 Clothing/ Personal Care
$95 Fun (vacations movies, gambling, alcohol, concert tickets)
$169 Food
$406 Health and Dental
$1,903 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$0 Miscellaneous
$450 Taxes includes quarterly tax payments
$0 App Jobs Expenses (tolls, car washes, etc.)
$149 Unreimbursed Job Expenses
($15) Reimbursed Job Expenses
$461 Utilities
$1,098 Rental Property Expenses
$1,002 AirBNB Expenses

2 comments:

  1. Your car repair expense was very similar to mine this month. I paid $632 for 2 front tires, rotors, and back brakes.
    The Chase Sapphire Reserve annual fee has gone up to $550. You must have renewed yours just before the fee increase hit. I downgraded mine to the Sapphire Preferred a couple of years ago since I don't travel enough to justify the annual fee. I do miss being able to visit the Priority Pass lounges though.
    Google Fi has a $60 cap on data. You shouldn't have to be paying $210 a month due to data use. If you're not on a plan with the $60 data cap, I'd switch as soon as you can.

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    1. We have two phones, so the data cap is $100. Plus there are monthly payments on the phones themselves. I'm about to pay off the phones and look at different providers. Yes, I did renew just in time to pay only $450. Nice too because I still get the new Lyft and Doordash benefit right away.

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