Editor: Crass Cash
So August pretty much sucked. I was only able to save 50.5% of my income. A number of things happened that contributed to this. First, I had to pay for my real estate law class and the book at the local university. I also went on vacation to the west coast for a week, which turned out to be more expensive than I'd thought. Here is the breakdown for the income and expenses for last month.
Income:
real estate - 35.84%
salary - 64.16%
Expenses:
Travel - 7.16%
Transportation - 6.18%
Charity - 5.42%
Phone - 1.89%
Dog - 1.64%
Education - 18.11%
Insurance - 6.55%
Home - 6.46%
Clothes - 0.35%
Mortgage - 17.67%
Gas - 3.53%
Eating out - 4.47%
TV/Internet - 2.2%
Medical - 10.91%
Utilities - 3.51%
Food - 2.82%
Entertainment - 1.13%
As mentioned above you can see that travel, transportation, and education are all abnormally large for last month. These will go away next month, but I have some more bad news in the way of income. It looks like I'm going to have to evict a renter this month and that's going to create a serious dent in my income, which in turn will greatly impact my savings rate. All of the other expenses and the eviction expenses will still be there though.
Thankfully in October it'll be a 5 pay day month, but then in November I'll have to pay property taxes for all of the rentals. While this is already calculated in this, with the exception of my personal residence because it was my first year and was paid at closing. Going forward it's probably going to start costing me at least $333 a month. Also my health insurance was increased this month by 25%. What the fuck?!?!?!
Income:
real estate - 35.84%
salary - 64.16%
Expenses:
Travel - 7.16%
Transportation - 6.18%
Charity - 5.42%
Phone - 1.89%
Dog - 1.64%
Education - 18.11%
Insurance - 6.55%
Home - 6.46%
Clothes - 0.35%
Mortgage - 17.67%
Gas - 3.53%
Eating out - 4.47%
TV/Internet - 2.2%
Medical - 10.91%
Utilities - 3.51%
Food - 2.82%
Entertainment - 1.13%
As mentioned above you can see that travel, transportation, and education are all abnormally large for last month. These will go away next month, but I have some more bad news in the way of income. It looks like I'm going to have to evict a renter this month and that's going to create a serious dent in my income, which in turn will greatly impact my savings rate. All of the other expenses and the eviction expenses will still be there though.
Thankfully in October it'll be a 5 pay day month, but then in November I'll have to pay property taxes for all of the rentals. While this is already calculated in this, with the exception of my personal residence because it was my first year and was paid at closing. Going forward it's probably going to start costing me at least $333 a month. Also my health insurance was increased this month by 25%. What the fuck?!?!?!
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