January 2012 was a great month for net worth, but not so much for cash flow.
We are planning to save 100% of my paycheck in 2012 and will only live on Mrs. RB40’s pay check and our side income. This month we were successful, but only have $399 left to put toward extra saving. Read on for the details.
|Mrs. RB40’s paycheck||3069|
*There is a bit of fuzzy accounting here because I don’t count the cost of baby daycare. We pay $1,035 a month, but it is covered with DCAP from my paycheck. It is already deducted pre-tax and we wouldn’t have seen it anyway. Also, once I quit work, then I’ll be home to take care of the little guy so I think we can zero it out as we look forward to the future.
** I don’t count my paycheck here because we are trying to live on one paycheck. We are preparing for the day that I leave my day job.
Income (Target > $5,000)
Mrs. RB40 is paid biweekly and the amount shown here is post 401(k) contribution. One of her check is a little bigger than normal this month, I’m not sure why. Some kind of award?
Rental Income – I’m showing all income minus expense. The property taxes are also baked in now.
Finally, we have a good month from the rentals! We had the best case scenario in January and there were minimal repairs and service call. Now we just have to keep this up.
Retire By 40 had $707 net income this month. The income went down quite a bit from December. That’s disappointing, but I expected this income to fluctuate more than a regular pay check.
We have about $200 worth of expense this month so that didn’t help. I got my FinCon 12 ticket. They are going fast so if you want to attend, you’d better keep an eye on the ticket count. This will be a great opportunity to meet one of my 2012 goals – attend at least one conference and meet other bloggers. 🙂
Dividend, Interest, and P2P lending
Dividend portfolio – $0. No dividend payments in January, but the good news is February should be better.
Interest – $32. My $50,000 is still with ING. I’ve been too busy to do much with it, but I’m really thinking hard about I bonds.
P2P – $15. I started with $1,000 last year and just added another $1,000 a few days ago.
I made $80 by selling a couple of things on Craigslist. There is also a $250 check that I deposited in early January. I complete forgot where this came from. Maybe a Christmas gift?
Expenses (Target < $4,000)
Housing – The housing expense is very high, but it’s stable at this point. Living in this location allows us to cut expenses in transportation and bills. The property tax and HOA are baked in.
Food and Cash Allowance – I think about 90% of the cash allowance goes toward food and groceries. Mrs. RB40 also received her 10% editor pay in cash. December was a good month so she got more spending money than usual. This category will be better in February.
Transportation – This is all for gasoline and public transportation. I got some reimbursement this month so it’s lower than usual.
Baby – I got a humidifier for baby RB40. The rest is for diapers.
Bills – The weather is getting nicer and our heating bill is slowly creeping down. This category also includes internet and insurance.
Medical – Baby RB40 went to see his doctor twice in December and the bills finally came. I also had 4 teeth filling redone. Those silver fillings lasted 15 years, not too bad. Hopefully these composite fillings last at least 10 years.
Entertainment – I forgot to cancel XBOX live subscription and got charged. 🙁
Misc – I purchased a plane ticket for my mom to go visit Thailand. She will get cataract eye surgery and some dental works done when she’s there. I think it’s well worth it.
January Cash Flow
All in all, January turned out okay. Our expense was a bit high, but I’m pretty sure we will be able to bring it down to around $4,000 in February. We should have more dividend income as well. I would like to see more positive cash flow than $399, but at least we are not in the red.
How about you? Did you have a good January?
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