September was a pretty crappy month over all for the BHAG. It was due in large part not from over spending, but from a reduction of income. I may or may not have told you that I had to evict a renter and the property went unrented for a month. This costed me a good chunk of change since it's the only one that I still have a mortgage on and it's also the highest rental property I have. These things happen and I'm hopefully going to sign somebody soon. Regardless I was able to still save 57% of my take home income. Here's how the numbers broke down.
Expenses:
Entertainment - 2.41%
Transportation - 1.96%
Charity - 3.51%
Dog - 1.48%
Education - 0.28%
Insurance - 5.14%
Home - 5.82%
Mortgage - 23.92:
Gas - 4.82%
Eating out - 7.25%
Medical - 27.48%
TV/Internet - 2.99%
Food - 5.04%
Utilities - 5.35%
Phone - 2.56%
Income:
Real Estate - 19.14%
Investment - 9.16%
Salary - 71.7%
As you can see the real estate income took a hit this month. With it I would have saved 66% instead of my income. Better, but not up to my goal. Property taxes get paid next month so when those start to get spread out over 12 months it's going to knock off another 10% each month. With that and the increase in health insurance it's going to be really really tough to live off of 30% of take home pay. I would essentially have to cut all forms of entertainment and eating out. Most everything else is a necessity, but I'll have to do my best to try and minimize them. This'll be interesting...
Expenses:
Entertainment - 2.41%
Transportation - 1.96%
Charity - 3.51%
Dog - 1.48%
Education - 0.28%
Insurance - 5.14%
Home - 5.82%
Mortgage - 23.92:
Gas - 4.82%
Eating out - 7.25%
Medical - 27.48%
TV/Internet - 2.99%
Food - 5.04%
Utilities - 5.35%
Phone - 2.56%
Income:
Real Estate - 19.14%
Investment - 9.16%
Salary - 71.7%
As you can see the real estate income took a hit this month. With it I would have saved 66% instead of my income. Better, but not up to my goal. Property taxes get paid next month so when those start to get spread out over 12 months it's going to knock off another 10% each month. With that and the increase in health insurance it's going to be really really tough to live off of 30% of take home pay. I would essentially have to cut all forms of entertainment and eating out. Most everything else is a necessity, but I'll have to do my best to try and minimize them. This'll be interesting...
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