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Sep Income & Expenses |
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thewh00sel  United States. Sep 30 2012 05:04. Posts 2734 | | |
Time for another installment of Income & Expenses. This section, ironically enough, is where I break down my income and list my expenses for each month along with a short analysis of how I think I can improve on them in the future.
Income: $18,543
From me: 15,985
From Spouse: 2,558
It was a good month compared to last month's annoying upswing followed by a horrendous breakeven finish. I managed to get in 150 hours, which I am fairly happy with. I've started to track my arrival and departure time from the casino to keep any non-playing time (waiting for a seat, walking from the car to the poker room) from affecting the amount of time that I am actually playing. And with those numbers factored in, I actually spent 159 hours at the casino. That is right on target with my goal of 40 hours of work per week. A little accounting gymnastics never hurt anyone right? It seems like I spend an average of 25min of "buffer time" each session away from the table before and after I actually sit down in a game. I'll continue to monitor this number going forward to see if that average holds true.
Hours of cash Played: 150 hours over 21 sessions
MTTs played: 0
Hourly Rate: 106.57
Expenses $4,689
[i]Home- 597
This is where most of the savings came from for this month. We refinanced our mortgage, and as a result we automatically skip this month's payment. We paid $337 to the title company for the refinance, and the rest went to HOA fees and getting some oil stains removed from our driveway to comply with some annoying HOA regulations. This number will be back in the normal range next month
Auto & Transport- 1,300
600 to car payments
152 to insurance
265 to gas
283 to registration renewal
Health and Fitness- 502
Insurance- 418 -This will go down to 189 next month as my wife now has benefits
Gym- 34 -Still trying to cancel this. Been a hassle so far.
Co-Pays -50
Food & Dining- 1,091
$33 Farmer's Market
$26 Olive Garden
$26 Firehouse subs
$75 Wal Mart groceries
$19 Marco's Pizza
$45 Home Plate Grill
$4 Starbucks
$370 Wal Mart
$88 Albertson's
$57.50 Asian Online Groceries
$20 McDonald's
$328 Meat Truck
This number would actually be in a more acceptable range of $700 if we didn't purchase $328 in beef/chicken off of a meat truck this month. Hopefully the purchase shows in next month's food bill being lowered as a result. We also could probably try to not eat out as much...
Bills & Utilities- 408
24 Water
114 Cable
8 Netflix
92 Gas
166 Mobile Phone
At first glance it looks like a victory because the number is half of last month's number. However, on further inspection you'll notice that there is no electricity bill this month. I believe I will be paying that at the beginning of October so next month's bill will likely be higher. Still planning to cancel the cable...
Shopping- 536
200 Clothing
97 Bike Trailer
234 Biking gear (helmets/gloves/Tires/Tubes/etc)
We bought $200 worth of winter/spring clothes for the little one, plus a $97 bike trailer off of craigslist, along with some other biking gear. It has gotten a decent workout so far as I've taken her via bike to the park 6 times this month. Pretty happy about getting a 6 mile round-trip bike ride in twice a week or so as I've lost about 10 lbs this month; down to 195 from 205. Bike maintenence is also typically pretty low, so future costs for the bikes shouldn't be too much.
Business Expenses- 4
Only Valet parked once this month and I added all of my other casino tips into the income from playing already.
Entertainment- 40
We went to go see Finding Nemo 3D as a family and, although it was fairly expensive, it was a fun movie and our two year old watched and enjoyed the whole thing. It went a lot better than expected.
Other- 260
It was our 5th wedding anniversary this month so we each gave each other gifts. I got a "Beer of the Month" membership for 6 months and she got a replacement chain for a necklace I gave her on our honeymoon that she thought was lost.
That's everything. If we hadn't gotten a pass on the mortgage payment for this month, our expenses would have been ~$6,500, which is below the $6,800 average that we have been spending this year. After adding this month up on the scoreboard, it has brought the average monthly spending down to $6,628 for the year. Not amazing, but with a little focus and determination, and the help of some nice weather to keep the energy bill down, October should be a very mild month expense-wise.
With an income of $18,543 and expenses of $4,689, we had a savings rate this month of 74%
That brings our savings rate for the year to an average of 36.71%, a far cry from my original goal of 65%. If we can get the number up over 40% for the year then I'll be happy with it at this point.
Here's to another strong month! Looking forward to powering through the end of the year.
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| A government is the most dangerous threat to man’s rights: it holds a legal monopoly on the use of physical force against legally disarmed victims. - Ayn Rand | |
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SugoGosu Korea (South). Sep 30 2012 08:46. Posts 1793 | | |
wow, you give me inspiration good sir. |
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| Say this outloud! Why was six afraid of seven?......Because Seven Eight Nine | |
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RaiNKhAN United States. Sep 30 2012 10:48. Posts 4080 | | |
love farmer's markets/all 'whole foods' type places :D |
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| The biggest Rockets, Sixers, and Grizzlies fan you will ever meet! | |
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GoTuNk Chile. Sep 30 2012 12:39. Posts 2860 | | |
I love reading ur monthly updates, everyone should take care of money as you do ;p |
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RiKD United States. Sep 30 2012 13:52. Posts 8557 | | |
Any tips/insights for refinancing? I have no idea how that works.
ps job well done. keep crushin. |
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| | Last edit: 30/09/2012 13:53 |
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thewh00sel United States. Sep 30 2012 14:09. Posts 2734 | | |
| | On September 30 2012 12:52 RiKD wrote:
Any tips/insights for refinancing? I have no idea how that works.
ps job well done. keep crushin. |
I just did a little bit of googling for low cost refinancing. I happen to have an FHA loan and they have an aptly named "streamline refi" program with very little paperwork and no appraisal required. If you contact a broker and give them the details of your loan, they will likely be able to tell you if they can save you money with a refinance. We started the process at the end of July, and our broker worked at finding a bank that would pay the fees for us and we closed at the end of August. |
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| A government is the most dangerous threat to man’s rights: it holds a legal monopoly on the use of physical force against legally disarmed victims. - Ayn Rand | |
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Silver_nz New Zealand. Sep 30 2012 14:50. Posts 5647 | | | |
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