Tuesday, July 31, 2012

7/31/2012 - Monthly Financial Breakdown

The first Unemployed Monthly Financial Breakdown.

Well, another month has passed and this means I need to do a financial breakdown. This past month went extremely 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 7/1/2012 through 7/31/2012 I get -$552 :-)
A rough calculation would put my yearly expenses at $6625. :)  Yeay, I did it again! another sub 1K month!!

Regular Food costs: -$59 or -$14 per week (Very low)
Fun Food Costs:  -$49 or -$12 per week (Very low)
Fuel: -$265 or -$66 per week (High due to Trip)
Van: -$71 (Propane filling and BG fuel injection Cleaner)
Travel: -$0 (zip)
Insurance: -$170  per month   (Van Insurance and health insurance)
Clothing: -$0 (Nothing new in July)
Misc: -$53 (Pandora subscription renewal and misc electronic bits )
Mailbox:  -$15 (No more storage unit fees)
Gifts: -$0 (zip)

Things that were not necessary this past month: Travel, fun food, and van expenses.
The fun food expenses were eating out with friends. This brings my luxury expenses to $120 and necessary to $377 Yikes!! Without the luxury, my yearly is at $4524... :)

Ok, clean out the unusual stuff and do a monthly for the rest
Regular Food and fuel: -$400 (At least one trip to CO)
Mailbox only:  -$15
Insurance: -$170 
Clothes: -$0
Van:  -$100 (I don't anticipate any large projects for next month)
Fun: -$200 (I need to watch my fun costs)
Yearly expense estimate with the new numbers: $10620

Under my 11k mark again but things must change quite rapidly in the next month if I am to maintain my unemployment.

I almost don't believe that I only spent $498 last month. Nothing was lacking in my life and I wasn't starving thanks to my parents.  

I am optimistic about next month's expense sheet, should be interesting to see exactly what is going to happen.

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 35.14%. Previous Monthly Financial post here

Current level is now estimated at 42.33%
Note: I purchased more stock with my last paycheck and also updated my expense sheet to reflect the new living situation (i.e. no more storage unit expenses, etc..)

Progress at a snail's pace but improving, My plan for August and the rest of the year is to put any spare cash that I receive into dividend stocks and trim expenses. 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 though.


  1. Did you retire? Living off dividends?

    1. no I did not retire and I am not living off of my dividends just yet. I have some savings that I am using to fund my daily expenses. Not sure about employment right now.