Monthly FIRE (Financial Independence) Report – June 2020

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.

4 Replies to “Monthly FIRE (Financial Independence) Report – June 2020”

    1. 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.

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