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Saturday, September 5

My Frugal Miser - August Expenses: $7,785

I followed through in August with plans to pay off the rental property mortgage.  That means the only debt I have is on my primary residence.  This will reduce monthly expenses by $449 starting in September.  

There were a couple of other beneficial transactions last month.  The electric company decided I was "over-securitized" and refunded the deposit to my account.  I didn't have to pay a bill in August and still have a $43 credit that will be applied to the September bill.

Large Expenses

  • By far the mortgage on our home is the largest expense.  Right now I pay $1,600/month.  This will go down some next year because it currently includes a payment to make up a shortage in my escrow account.
  • I paid $300 to renew two types of termite protection on the Airbnb.  I had to have it tented when I purchased it in 2014 so this coverage protects me should there be another infestation.
  • We had a lot of "fun" last month.  Early in the month I went to Tunica for a few days and lost at blackjack.  We have also been doing mini-getaways.  In August we visited Boca Raton, Fort Myers, Sarasota, Naples and Atlanta.  Hotel stays are included here but fortunately rates are really low.  I was able to take advantage of Hilton's price match guarantee for three separate bookings.  While I was booking a price-match room with Hilton I was offered bonus points to listen to an offer from Hilton Grand Vacations.  I decided to take advantage of the offer for a Hawaiian vacation, so the deposit for that is included as well.   In all, I took 5 trips and paid for a sixth, all for $1,800.

Everything Else

Rental property expenses were more than $1,000.  When a new tenant moves into one of my managed properties I have to pay a leasing fee to the management fee.  My largest rental property rented in July and the $700 leasing fee was billed to me last month.

August Business Spending:  $2,497
August Personal Spending:  $5,288

August Expenses:  $7,785

$447 Auto (service, gas, insurance, AAA, etc.)
$85 Bank Fees
$0 Clothing/ Personal Care
$1,818 Fun (vacations movies, gambling, alcohol, concert tickets)
$688 Food
$406 Health and Dental
$1,640 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$38 Miscellaneous
$100 Taxes includes quarterly tax payments
$6 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Job Expenses
$0 Reimbursed Job Expenses
$65 Utilities
$1,382 Rental Property Expenses
$1,108 AirBNB Expenses


  1. Congrats on paying off the rental mortgage. It will be nice to have one less payment each month.

    1. Thanks. It felt great this month when the bank didn't take out that $449 from my account.