Tuesday, January 31, 2012

1/31/2012 - Monthly Financial Breakdown

Well, another month has passed and this means I need to do a financial breakdown. I can clearly see that I have problems with eating out with friends. 

Previous Monthly Financial Breakdown post here

If I sum up total expenses from 1/1/2012 through 1/31/2012 I get -$1326
A rough calculation would put my yearly expenses at $15,919. :( not even close
lets take a closer look.

Regular Food costs: -$51 or -$13 per week (Normal to low)
Fun Food Costs:  -$463 or -$115 per week (High - I paid for several expensive dinners with friends)
Fuel: -$88 or -$22 per week (includes a trip and driving around Denver)
Van: -$323 (Floor mats, sensors, light bulbs, propane, etc...)
Travel: -$341 (Parking cost for ski trip at airport lot, fuel for trip, purchased another flight for March wedding)
Insurance: -$50 per month   (I pay in 6mo intervals to reduce the premium but still counted as monthly)
Clothing: -$0 (Nothing new in January,  The awesome knitted red merino wool hat served me well for the ski trip)
Misc: -$24 (Purchased Tea and Fireworks)
Storage:  -$32   (plus a sunk cost of 15 per month for mailbox)
Gifts: -$36 (Pandora subscription for friend)


Things that were not necessary this past month: Most of this past month's unnecessary expenses are related to travel, fun food and fuel., and unnecessary van parts.  Purchased another ticket to fly back home for a wedding in March plus parking fees and fuel, $341.  The fun food expenses were all eating out with friends, I paid for several of them, $383...ouch. The floor mats were not necessary $80 but I enjoy them a lot but the oxygen sensor, coolant sensor and light bulbs were needed. This brings my luxury expenses to $804 and necessary to $522 Yikes!! Without the luxury, my yearly is at $6264... :)

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 wedding 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 held constant, upcoming wedding trip will incur dinner expenses, parking fees, etc...)
Yearly expense estimate with the new numbers: $11964
I know there is a $400 expense for next month, it is the remainder of the ski trip costs that I have to pay for. 

Unhappy to see an increase over my 11k mark again and still disturbed by fun expenses. The food for friends are what killed this month's budget but I can hardly be angry about it because it was really fun. 

I am optimistic about next month's expense sheet, should be interesting and depressing to see exactly what a an almost normal month will look like. 

Note:Gave away a few items; Ikea chair is gone and am working on getting rid of a end table and car cleaning kit. Working on getting rid of mattress and vacuum.

Here is the status of my dividend income: I have a running total of yearly expenses which I base my numbers off of so if my monthly goes up my dividend income against it decreases in value.
Since I re-aligned my investment strategy I've been putting extra cash into dividend paying stocks and other investment opportunities. More progress mainly because of the "extra" paycheck at the end of December. Last post it was at 9%.

Previous Monthly Financial Breakdown post here

Current level is now estimated at 16.6% (All Q4 Dividends have been received)

Progress at a snail's pace but improving, My plan for February and the rest of the year is to push hard on dividend stocks and trim expenses. I also want to find additional employment for weekends. Such slow progress, the market has not been very favorable to me either. Currently in the red but many are improving, I am still optimistic for 2012.

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