I left my job in July and August is my first full month of retirement. We did pretty well this month and I can stay retired for now.
|Mrs. RB40′s paycheck||2,618||2,693|
Income (Target > $4,500)
Mrs. RB40′s paychecks: Baby RB40 and I signed up with Mrs. RB40′s employer sponsored health insurance. It will cost $150 per month extra, but that’s really not bad at all. Health insurance is a huge problem for early retirees who are not qualified for Medicare yet.
Rental Income: This is the best month so far with the rentals. I would love to see this every month, but I know that’s not going to be the case for a while. We need to paint the 4 plex and fix a drainage issue to the tune of around $6,000 before the rainy season starts.
Side Income: Retire By 40 did quite well in August. We won’t see the payment for August until the end of September.
- media.net (CPC ad network): $208. This is the payment for June and July.
- affiliate: $0 from commission junction. We actually made $65, but CJ will pay out in September.
- Amazon CloudFront: -$1. CDN for the blog.
Dividend & Interest:
- Dividend portfolio: $403. AT&T and ABT paid out this month.
- Interest: $40. Pretty pathetic, but it’s better than nothing.
P2P Lending: $102. Currently, I’m getting 11.75% interest from prosper.com. This is the first month we broke $100. I like it, but I know it will be up and down for a while because of the defaults. Currently, I have 4 loans that are over 30 days late and are likely to be charged off.
Freelance: $1,147. Now that I’m not working full time anymore, I am able to freelance for a little extra income.
Misc.: $200. Gift from Mrs. RB40′s dad. This will go toward baby RB40′s 529 plan.
Expenses (Target < $4,000)
Cash Allowance: $934. Our cash allowance is a bit high this month because we had a lot of Fridays (that’s when we get our weekly allowance.) Mrs. RB40 also gets extra cash for being a chief editor and was paid for both July and August in this cycle.
Transportation: $141. I only filled up the car once in August, but I shelled out $105 for the street car annual pass. The free public transit zone will disappear on September 1st and I need at least the street car to get around the city.
Bills: $333. I got more minutes for our tracfones and we should be good for around 3 months. This category should go back down to around $275 next month.
Entertainment: $54. Mrs. RB40′s friend won the Toastmasters International speech contest (World Champion of Public Speaking) so she wanted to get the DVD ($30.) I spent $24 on baby RB40′s pictures and a photobook from Shutterfly.
July Cash Flow
Overall, we did very well in August. Our expense category was a bit high, but the income was good so I’m not going to worry too much. We should see the expense go down a bit next month even with our trip to Denver for FinCon.
- Things are going well so far in 2012.
How about you? Did you have a good month?
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