Months 10 & 11 FIRE Report – July and August 2019

11 months? REALLY? Wowza. In many ways I feel I’ve not done enough. In other ways I feel I’ve done so much more than I would have without a significant change in my mindset 11 months ago. I don’t know which one outweighs the other. Perhaps that isn’t important at all. However, I am definitely going to reflect on this as the first year of attempting FI/RE comes to a close. Welcome to the monthly FIRE report.

Stats for Month 10 and 11.

Turns out, summer is SPENDY TIME! And also, a time to not focus on anything remotely related to frugality. Consequently these have been 2 of the more expensive months since beginning the FIRE journey. Wellllll BOOOO.

Saved: July – $366. Aug – $409.

Extra Income from Side Hustles: July – $76. Aug – $87.

Debt Repayment: July – $1616. Aug – $1529.

Expenses

Category Jul-19 Aug-19
Mortgage Interest 610 488
Mortgage Principal 715 572
Interest & Fees 46 43
Property tax 315 252
Childcare 730 337
Parking 115 115
Auto Insurance 95 93
Electric 256 256
TV, home Phone, internet 158 293
Life insurance 156 156
Netflix 14 14
Mobile Phones 209 0
Water/sewerage 232 0
Home insurance 0 0
School Supplies 28 57
Groceries 960 1031
Fuel 401 260
Medical, Eyecare, Prescriptions,Vitamins 23 67
Dental 0 0
Auto Repair & Maintenance 444 689
Car Registrations & License Renewals 0 0
Vacations 19 910
Home Imprvmnt, Services, Supplies, Maint 63 35
Education 0 0
Health & Fitness, Sports 231 115
Beauty Supplies 0 0
Haircuts 171 62
Car Seat Savings 0 0
Gifts & Holiday Expenses 101 63
Clothing 14 60
Charitable Donations 25 40
Annual Memberships & Subscriptions 69 0
Heat (Wood & Propane) 0 0
Furniture & Decor 0 0
UNKNOWN EXPENSE 103 131
Allowance – M 11 19
Allowance – I 202 300
Allowance – T 182 147
Dining Out – Family 276 233
Entertainment – Family 81 60
Lotto Tickets 28 37
Business Transactions 1 14
TOTALS 7084 6949

Sigh.

Completing this report was rather depressing. This isn’t a report of a spendthrift, frugal family. I feel like all efforts were abandoned just to live it up for the summer, which isn’t sustainable in the long term if I want to become FI before I’m in my 60s. This month, I’m going to do some analysis on how things have progressed since month 1 of attempting FIRE, and identify perhaps the top 3 things I can do to reduce expenses for the rest of the year. Some of these numbers are downright ridiculous. We’ve never spent over $200 on eating out for many months!! Anyway, we were busy, lots of excuses, yada yada.

Putting the eyeballs and brains on it should help. Going to try to sit down with Hubs over the next few days to get us both thinking on the same track.

Aiming for a less embarrassing expense report next month. FIRE on!

 

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