Well hello, and welcome to month 21 of my journey to FI (Financial Independence) and possibly eventually RE(Retire Early). This is the regular Financial Independence report, where I tell you what happened, and realize I’m not doing that great at getting to FI. Ok, that sounded negative…let’s say it keeps me focused to improve my financial situation.
Obviously, I’m not living up to my desire to blog on a more regular basis. Here I am, 27 days into July, posting stats fro June. How embarrassing! Anyway, enough about that, let’s get into the HOT details!
Highlights
Saved: $817.
Over 3x what we saved last month! Ramping it up again for July.
Extra Income from Side Hustles: $328.
Ebay Sales: $100
Facebook sales: $165
UserTesting, plus a couple other testing sites: $62
Expenses:
| Category | $ | Relevant Notes of Notey-ness |
| Mortgage Interest | 590 | |
| Mortgage Principal | 807 | |
| Interest Charges & Bank Fees | 3 | |
| Property Tax | 313 | |
| Childcare | 407 | |
| Parking | 115 | |
| Auto Insurance | 56 | |
| Life Insurance | 156 | |
| Electric | 230 | |
| Internet | 124 | |
| Netflix | 14 | |
| Home Insurance | 2029 | Home Insurance was due this month. Many have said “This is high!” however when checking rates, it doesn’t appear to be for this area and my type of home. Anyway, I will be shopping around next year, regardless. |
| Mobile Phones (2) | 85 | |
| Water & Sewer | 0 | |
| Groceries, Toiletries, Supplies | 1168 | A typical month, but not what I want it to be. I said back in January I’d work on lowering this…last month was in the 800s! |
| Fuel | 183 | Working from home has it’s perks. |
| Medical, Eyecare, Prescriptions,Vitamins | 75 | A bunch of health things. |
| Health & Fitness, Sports | 20 | WW subscription. Gonna quit soon…things were going well pre-COVID 🙁 |
| Giving | 45 | |
| Haircuts | 27 | |
| Heat (Wood & Propane) | 0 | |
| Vacations | 0 | |
| Auto Repair, Maintenance, Registration & License Renewals | 98 | Registration |
| Home Improvement, Services, Supplies & Maintenance | 743 | This category is killing me over the last 2 months. Includes bedroom lamps, deck rug, tree trimming service, lawn mowing service, garden supplies, new sheets, etc! We needed some, but not all, of this. |
| Gifts & Holiday Expenses | 51 | |
| Clothing | 28 | |
| New Tech | 0 | |
| Annual Memberships & Subscriptions | 0 | |
| Education | 0 | |
| UNKNOWN expense | 0 | |
| Allowance – M | 0 | |
| Allowance – I | 218 | |
| Allowance – T | 179 | |
| Dining Out – Family | 129 | |
| Entertainment – Family | 26 | A trip to the cat cafe! |
| Lotto Tickets | 22 | Hubs pool. Still no payout. |
| Alcohol | 40 | Down significantly from last month! |
| Business Transactions | -20 | Reimbursement! |
| Total Expenses | $7,961 |
Summary
Expenses were up, but that was mainly due to it being home insurance month, so based on that, I am pretty pleased with the expenses this month! Room for improvement exists in the areas of groceries & supplies, home improvement, and internet service cost. There’s always expenses to challenge.
Thank you for reading this month’s Financial Independence report, please visit again next month, when I try to post more than once! T out.
I love how transparent you are with your expenses. Well done on upping your savings in June.
Can’t wait to see what July has in store for you.
Thanks for your comments and for stopping by Maria! Hopefully it helps at least one soul out there… 😀 July has in store a new dishwasher and BBQ. :/ Maybe not necessities but Hubs felt like they were…haha! Happy Summer.
I agree with the transparency comment! Very interesting! Makes me consider doing something similar…
Why not! 😀