I only managed to save 64% of my after tax income. I failed my goal of saving over 70% and this was an a 5 pay day month! No bueno!
Let's a take a look at the income and expenses break down...
Income
Salary: 64.8%
Real Estate: 33.72%
Investments: 1.48%
Expenses
Dog: 0.19%
Transportation: 2.85%
Charity: 7.37%
Insurance: 8.19%
Home: 5.45%
Mortgage: 27.65%
Gas: 7.09%
Eating out: 7.26%
TV/Internet: 2.75%
Phone: 3.21%
Utilities: 4.48%
Food: 7.25%
Medical: 16.24%
Income was pretty standard. The Salary is going to be a little high proportion because of a 5 pay day month. Investments were decent even though it wasn't the end of the quarter when the dividends get paid. The eventual goal is that I derive 50% of my income from real estate and investments. Since I already live off of less than half of that it would ensure that I have a capable retirement.
There were a couple of things that strike me as too high in the expense category. I went out to eat A LOT last month because of dates, so that amount is at least twice what it normally is. My utility bill is about 25% higher than it was a few months ago for some reason. I'm assuming it's just because it's summer time, but I need to look at that more. I've tacked on some addition insurance because I noticed a problem with my umbrella policy. Charity is also abnormally high since I had 3 birthdays this month. Medical was also high and will continue to be so because I got Invisalign. These costs will be ongoing for about a year. I also was informed that I'm going to get a fucking 25% increase in the health insurance premium starting in September! I'm still a little pissed about that letter, in case you can't tell. I'm coming to find that there's nothing Affordable about the Affordable Care Act...
Eating out, food, utilities, phone and Internet are all areas that I'm looking to trim in the next 6 months when the contracts renew.
Let's a take a look at the income and expenses break down...
Income
Salary: 64.8%
Real Estate: 33.72%
Investments: 1.48%
Expenses
Dog: 0.19%
Transportation: 2.85%
Charity: 7.37%
Insurance: 8.19%
Home: 5.45%
Mortgage: 27.65%
Gas: 7.09%
Eating out: 7.26%
TV/Internet: 2.75%
Phone: 3.21%
Utilities: 4.48%
Food: 7.25%
Medical: 16.24%
Income was pretty standard. The Salary is going to be a little high proportion because of a 5 pay day month. Investments were decent even though it wasn't the end of the quarter when the dividends get paid. The eventual goal is that I derive 50% of my income from real estate and investments. Since I already live off of less than half of that it would ensure that I have a capable retirement.
There were a couple of things that strike me as too high in the expense category. I went out to eat A LOT last month because of dates, so that amount is at least twice what it normally is. My utility bill is about 25% higher than it was a few months ago for some reason. I'm assuming it's just because it's summer time, but I need to look at that more. I've tacked on some addition insurance because I noticed a problem with my umbrella policy. Charity is also abnormally high since I had 3 birthdays this month. Medical was also high and will continue to be so because I got Invisalign. These costs will be ongoing for about a year. I also was informed that I'm going to get a fucking 25% increase in the health insurance premium starting in September! I'm still a little pissed about that letter, in case you can't tell. I'm coming to find that there's nothing Affordable about the Affordable Care Act...
Eating out, food, utilities, phone and Internet are all areas that I'm looking to trim in the next 6 months when the contracts renew.
RSS Feed
