Today's Focus

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

January 1, 2019: $59,592
June 24, 2020: $39,293

1H 2020 $14,750 paid towards principal

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Wednesday, June 3

My Frugal Miser - May Expenses: $11,427


May was another expensive month.  Fortunately the biggest expense by far - paying my 2019 federal taxes - is a one-time cost that shouldn't recur next year.

Large Expenses

  • I paid $309 for the yearly insurance on the Birmingham condo.
  • It cost $133 to take the cat back to the vet when she wasn't feeling good.
  • I booked an October cruise for $473.  Cruise lines are desperate, and this cruise includes free drinks and a $500 onboard credit.  This will be our first Baja Mexico cruise.
  • One of the Birmingham rental properties needed an emergency repair.  It also became vacant (not related to the repair) which means there will be more spending in June to prepare for the next tenant.
  • $820 was spent on the Sonata.  This includes an oil change, new filters, 6 months liability insurance, and gas.  
  • The largest expense was for a payment towards 2019 federal taxes.  I sold 5 properties in early 2019, and had to pay taxes on the capital gains.

Everything Else

Our food costs continue to be high and is perplexing.  Almost all our food comes from Walmart or Aldi.  The most expensive restaurant meal was only $25.  I could definitely cut back on fast food, but it's not a daily occurrence.  I need to work harder at reducing this.

I already know June will be a tough month.  Our largest rental property has to be prepared for tenants and that is always a costly turnover.  The Sonata has 224,000 miles and will need to be replaced soon.  And I need to do some repairs and improvements to our house also.  I would like to move back to Pinellas County which will reduce monthly housing costs, but the current house will need to be in pristine condition in order to sell it.

May Business Spending:  $2,441
May Personal Spending:  $8,986

May Expenses:  $11,427

$820 Auto (service, gas, insurance, AAA, etc.)
$0 Bank Fees
$0 Clothing/ Personal Care
$836 Fun (vacations movies, gambling, alcohol, concert tickets)
$707 Food
$406 Health and Dental
$1,624 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$174 Miscellaneous
$4,305 Taxes includes quarterly tax payments
$25 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Job Expenses
$0 Reimbursed Job Expenses
$114 Utilities
$1,560 Rental Property Expenses
$856 AirBNB Expenses

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