Thursday, March 1, 2012

2/30/2012 - Monthly Financial Breakdown

Well, another month has passed and this means I need to do a financial breakdown. This past month went very well...Lets see how well it went. How much is Van dwelling in my VW Westfalia saving or costing me?

Previous Monthly Financial post here

If I sum up total expenses from 2/1/2012 through 2/31/2012 I get -$1205
A rough calculation would put my yearly expenses at $14,448. :( not even close.
lets take a closer look.

Regular Food costs: -$148 or -$37 per week (Normal)
Fun Food Costs:  -$150 or -$37 per week (Way better then last month)
Fuel: -$192 or -$48 per week (Normal)
Van: -$190 (One new tire and propane)
Travel: -$461 (Balance due for Ski trip, couple days at Galveston Island RV Park )
Insurance: -$50 per month   (I pay in 6mo intervals to reduce the premium but still counted as monthly)
Clothing: -$0 (Nothing new in February)
Misc: -$20 (drill parts)
Storage:  -$32 (plus a sunk cost of 15 per month for mailbox)
Gifts: -$35 (Two wedding gifts)

Things that were not necessary this past month: Travel, fun food, and van expenses.
The fun food expenses were eating out with friends and solo burritos, I am tempted to not put my solo burrito meals in the fun food. The extra tire for the van was a bit spontaneous but I should have taken care of it when I got my new set of tires. This brings my luxury expenses to $835 and necessary to $369 Yikes!! Without the luxury, my yearly is at $4428... :)

Ok, clean out the unusual stuff and do a monthly for the rest
Regular Food and fuel: -$350 (I don’t have any long distance driving trips planned for next month)
Storage and box:  -$47
Insurance: -$50 
Clothes: -$0
Van:  -$100 (I don't anticipate any large projects for next month)
Fun: -$300 (I need to watch my fun costs)
Yearly expense estimate with the new numbers: $10164

Just under my 11k mark again but still disturbed by fun expenses. Food with friends and Travel 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 to see exactly what an almost normal month will look like. I know that there will be another flight purchase for early May.

Note: Gave away a few more items. Still have 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.

 Last post it was at 16.6%. Previous Monthly Financial post here

Current level is now estimated at 17.97%
Note: Since last post I have sold one of my positions and redistributed it into a lower interest but more stable stock. Ill wait till after the dividend to re-buy.

Progress at a snail's pace but improving, My plan for March 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 and the market has not been very favorable. Currently in the red on several stocks but many are improving, I am still optimistic for 2012.

No comments:

Post a Comment