Wednesday, November 30, 2011

11/30 - Monthly Financial Breakdown

Well, another month has passed and this means I need to do a financial breakdown. Ugh, the holidays are expensive, I am almost afraid to look at the numbers. Some modifications to the breakdown to better suit my spending patterns


Previous Monthly Financial Breakdown post here

If I sum up total expenses from 10/1 through 10/31 I get -$1694
A rough calculation would put my yearly expenses at $20,328, way way over :(
lets take a closer look.

Regular Food costs: -$100 or -$25 per week (Low due to holiday travel)
Fun Food Costs:  -$261 or -$65 per week (High due to holiday travel and also no cooking abilities for a week)
Fuel: -$154 or -$39 per week (includes two trips to airport plus a long trip to see Wayne and driving around Denver)
Leftover Renting Expenses: -$6.74 (final balance for water bill)
Van: -$109 (includes: propane valve and EZ toll tags)
Insurance: -$50 per month   (I pay in 6mo intervals to reduce the premium but still counted as monthly)
Clothing: -$170 (One new smartwool tshirt, a zip top (from ebay), and socks. Also purchased an REI discount coupon )
Travel: -$720 (Purchased two airline tickes with parking and travel insurance)
Misc:  -$141 (Super sale on a guitar and parking for my jury duty)
Storage:  -$32   (plus a sunk cost of 15 per month for mailbox)

Things that were not necessary this past month: Most of this past month's unnecessary expenses are related to holiday travel. The guitar was not necessary at all, so will be the rocksmith game to go with it once released in December, so $140. The two trips are also pure luxury, so $720. With the exception for one week ($30), the fun food expenses were all eating out with friends, so $231. This brings my luxury expenses to $1091 and necessary to $565 Yikes!! Without the luxury, my yearly is at $6780... :)

Ok,  clean out the unusual stuff and do a monthly for the rest
Food and fuel: -$350 (I don’t have any long distance driving trips planned for next month other than to the airport for my Christmas flight)
Storage and box:  -$47
Insurance: -$50 
Clothes: -$100 (Assuming another smartwool shirt and misc)
Van:  -$50 (I don't anticipate any large projects for next month, revised down)
Fun: -$400 (number significantly revised upwards, Upcoming Christmas holiday will incur dinner expenses, parking fees, etc...)
Yearly expense estimate with the new numbers: $11964

Unhappy to see an increase over my 11k mark and still disturbed by fun expenses. The flights are what killed this month's budget. Yes, the fun food was high, I am working on a list of activities that I can do with my friends that is less expensive and more interesting.

I dread next month's expense sheet, should be interesting and depressing to see exactly what Christmas costs. 

Note:Gave away a few items, nothing worth mentioning.

Here is the status of my dividend income:
Since I re-aligned my investment strategy I've been putting extra cash into dividend paying stocks and other investment opportunities. I started out by doing a broad overview of what I had in a previous post and now it is time to put up my progress. Last post it was at 16%.

Previous Monthly Financial Breakdown post here

Current level is now estimated at 9% (pending the actual dividend payments at the end of Q4)

Progress has regressed, I needed to hold onto my last paycheck as insurance against unexpected expenses  and I also wanted to bump up my emergency fund. The reason my dividends have dropped so much is because a major holding of mine had to reduce their quarterly dividend by 25% which for me accounted for 7%. I also did some calculation tweaking for more realistic numbers. My plan for December is to push up my emergency fund a bit more but still put away cash to improve my dividends. Such slow progress, the market has not been very favorable to me either. Currently in the red on almost everything I own but am optimistic for 2012.

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