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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Tuesday, November 3

My Frugal Miser - October Expenses: $10,632

October expenses were a bit higher than my income because I paid the property tax bill on two properties.  Property taxes are easily the largest expense I have on my rental properties.  I still have other property taxes to pay in November.
  • Airbnb expenses increased a bit.  We are approaching the busy season so I've been investing in linens and landscaping.  I also bought a wood chipper so that we can tame the overgrowth in the backyard.  It's exciting to be able to clean it up without having to rent a truck to haul off the branches.
  • The "fun" category ($1,315 in October) was pretty expensive.  We went to Las Vegas and Los Angeles to celebrate my partner's birthday.  I spent on the car rental, tour and garden tickets, and gambling and food.  I also bought tickets to see the Florida Orchestra, where live performances have resumed.
  • Spending on food was crazy expensive, but this can be attributed to our transitioning to the keto diet.  If we can stick to the diet, I think we will save on restaurant bills which will offset the increased cost of the food we have to eat on the diet.
  • I spent $537 on my car.  Most of this is for gasoline.  Those Amazon routes eat a lot of gas.  Fortunately my Walmart + membership now allows me to fill up at Sam's Club.  We have one a couple miles from home, and it is consistently the cheapest gas around.  As an example, earlier this week I paid $1.72/gallon there.  The gas stations around it were charging between $1.94-$2.03.  In addition to gas I paid for an oil change and tire rotation, and I stocked up on engine air filters to take advantage of a cashback offer on one of my credit cards.

October Business Spending:  $4,982
October Personal Spending:  $5,650

October Expenses:  $10,632

$537 Auto (service, gas, insurance, AAA, etc.)
$0 Bank Fees
$0 Clothing/ Personal Care
$1,315 Fun (vacations movies, gambling, alcohol, concert tickets)
$1,186 Food
$586 Health and Dental
$1,602 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$18 Miscellaneous
$131 Taxes includes quarterly tax payments
$0 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Job Expenses
$0 Reimbursed Job Expenses
$274 Utilities
$4,181 Rental Property Expenses
$801 AirBNB Expenses

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