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June 2012 Cash Flow

{ 38 comments }

Wow, the year is half over already. Can you believe it? The first half of 2012 went pretty well except for one hiccup in May. In June, we pulled off a positive month even with the vacation thrown into the mix. Whew! I was worried before I cranked the numbers, but it seems we didn’t spend a lot more than usual when we went on vacation so it didn’t effect our cash flow much at all.

June cash flow

Income June May
Mrs. RB40’s paycheck 2693 4040
rental income 809 1049
side income 236 453
dividend, interest 842 458
p2p 62 22.96
misc 156 5
Total income 4798 6028
Expense
Housing -2097 -2097
cash allowance, food, groceries, etc… -640 -738
transportation 0 -85
pet -62 0
baby 0 0
bills -273 -264
medical -60 -20
entertainment -638 0
misc 0 -131
Total expense -3771 -3336
     
Saving 1028 2692
     
2012 surplus 8,007  

 

Income (Target > $4,500)

Mrs. RB40’s paychecks – We are back to the usual 2 paychecks in June.

Rental Income – The rentals did very well in June and had minimal maintenance problems. The 4 plex needs some maintenance though so we will see a some negative in this category soon.

Side Income – Retire By 40 was pretty slow in June, but we still made a bit of money.

  • media.net (CPC ad network) – $236. This payment is for April and May.
  • affiliate – We didn’t break the $50 threshold in June, but I think we should be there in July.

Dividend & Interest – June was a great month for the dividend portfolio.

  • Dividend portfolio – $806. INTC, LLY, IBKR, BAC, RDS.B paid out this month.
  • Interest – $36. Pretty pathetic, but it’s better than nothing.

P2P Lending – $62. The interest from Prosper is finally starting to pick up. My target is $100 by the end of 2012.

Misc. – $156. I got $50 for opening a checking account at Banner Bank. I also got $106 back from the Chase Freedom card.

Expenses (Target < $4,000)

We went on a road trip vacation to California in June for about 9 days. The vacation cost $638, you can read about the detail if you’re interested. Other than that, everything are pretty much in line with expectation. The transportation cost is 0 this month because I only purchased gasoline while we were on vacation in June.

June Cash Flow

Overall, June was a good month for us. There were no big surprise in either income or expense and we were able to save an extra $1,000.

June cash flow

Things are going well so far in 2012.

How about you? Did you have a good month?

If you need some help keeping track of your finances, you should try using Personal Capital to manage your budget. It’s a great free budgeting tool. You can keep track of your income, expenses, and net worth, all in one place. Personal Capital is geared for investors and have many great tools. See my review of Personal Capital and how they helped me reduce what I’m paying in investment fees.

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{ 38 comments… add one }
  • Roshawn @ Watson Inc July 2, 2012, 5:51 am

    Nice job with your dividend portfolio. I agree that interest sucks. I seriously have to hold my nose every time I think about the pathetic interest rates being offered by banks currently, regardless of balance.

    • retirebyforty July 2, 2012, 7:42 am

      I can’t wait until we get a bit better interest. Someday we’ll get 4% CD again…

  • RichUncle EL July 2, 2012, 6:44 am

    Hey Joe,

    The dividend Interest are you reinvesting that amount back into more stocks or are you taking the cash out. I know you are still employed and you have not retired yet so wouldnt it be best to let it build up until you are finally ready to jump into a single income lifestyle. Also gas should be considered part of transportation unles you have it added in another category.

    • retirebyforty July 2, 2012, 7:43 am

      Yes, I am reinvesting the divideun Jnd right now. The only time we purchased gas in June was for the roadtrip. I didn’t drive much in June.

  • SavvyFinancialLatina July 2, 2012, 7:23 am

    I can’t wait until we have some positive cash flow like you! June was a bloody month for us, as we spent more than we brought it. Considering I just started working, and won’t receive my paycheck until next week, I guess it’s okay. Good job on keeping up with your savings goals!

    • retirebyforty July 2, 2012, 7:43 am

      That first paycheck is going to be great! Congratulation!

  • krantcents July 2, 2012, 9:07 am

    I like the idea that you view the additional cash as surplus. Do you have reserves for the 4plex maintenance? I always had reserves for the planned expenses and for the surprises. Vacancies usually meant additional costs besides loss of rents. Otherwise it looks good!

    For me, no outside income and additional expenses like a new refrigerator. Not totally unexpected.

    • retirebyforty July 2, 2012, 11:17 am

      I have 50k cash as a repair reserve and emergency fund. I saved up extra for repaint and drainage work this summer so I think we’re ok for at least a year. I haven’t had much problem with vacancies. Usually, I just reduce the rent a bit if it stays empty long.

      • justpayitoff October 2, 2012, 1:44 pm

        Joe,
        where do you save your emergency fund? the 50k cash? i understand you need it to be readily available in case of emergency but savings accounts in banks have very low interest. under your bed? 😉 i have this habit to spending the money that i see, so if i dont see it, its likely to grow.

  • Jeff @ Sustainable Life Blog July 2, 2012, 10:07 am

    Looks like you’re doing well joe! Nice work on the dividend payouts – i’m hoping to get into those soon. I took a beating (again) this month due to house stuff.

    • retirebyforty July 2, 2012, 11:18 am

      Sorry to hear that Jeff. A house can mess up your cash flow for a while until you get used to it. Hopefully the repair and maintenance will be done soon.

  • Financial Samurai July 2, 2012, 12:27 pm

    I need to get my P2P lending going. They are taking quite a long time!

    Are your dividends reinvested or do they get deposited in another account?

    BTW, pls send some time voting on the 5 YWC finalists this week. Thx!

    • retirebyforty July 2, 2012, 8:14 pm

      The dividend just get deposit into my stock account and I reinvest them manually. Thanks for the reminder about the YWC. Baby RB40 is keeping me very busy and I’m a bit behind.

  • Michelle July 2, 2012, 12:32 pm

    We had a couple setbacks this past month, but we also had some extra income, so I guess I can’t complain? It feels kind of like running up the down escalator, though.

    • retirebyforty July 2, 2012, 8:14 pm

      I know what you mean. I feel like a hamster sometime… 🙂

  • Squeezer @Personal Finance Success July 2, 2012, 2:10 pm

    About how much money do you have invested between all of your dividend paying stocks to generate $806 in dividend payments?

    • retirebyforty July 2, 2012, 9:47 pm

      The $806 is a bit misleading because I have more stocks that pay out dividend in June. I have about $180k invested in dividend stock and the dividend payout should average to around $500/month over a year.

  • Mike July 2, 2012, 4:19 pm

    I use Money Manager EX to help me manage my accounts and stuff. Plus it’s free like Mint!

    • retirebyforty July 2, 2012, 9:47 pm

      I’ll have to check them out.

  • Broke Professionals July 2, 2012, 4:48 pm

    June was our “Triple paycheck” month; I live for these months, because my husband and I don’t account for them in our budget – it’s always fun to be able to deposit that surplus directly into our savings account (right now that’s our down payment account). Makes me feel very responsible!

    • retirebyforty July 2, 2012, 9:48 pm

      I love the triple paycheck months too!

  • Casey July 2, 2012, 5:13 pm

    Have you looked at the REIT ARR? It pays 10-cents per share monthly dividend. The price was up a bunch today but usually around the ex-div date, it pulls back a bit if you’re looking for an entry point. If you have 5000 shares (at around $7) then that’s $500 month dividend income. This is the best return I’ve seen anywhere!

    • retirebyforty July 2, 2012, 9:49 pm

      I have a little bit invested in REIT, but I don’t want to add a lot because I’m already investing in rental properties.

  • I spent over $4,000 on an air conditioner so if you look at the monthly numbers it looks horrible. Luckily I had saved for it in advance so it all worked out just fine 🙂

    • retirebyforty July 2, 2012, 9:50 pm

      We have to get a new HVAC unit too. It is really old and both the heater and AC do not work anymore. 🙁

  • Chris July 3, 2012, 3:23 am

    Is your P2P income interest+principal or just interest?

    • retirebyforty July 3, 2012, 7:23 am

      It’s the interest – write off (default.)

      • Chris July 3, 2012, 3:11 pm

        Nice… I’m building my P2P account.. Still very new to it, made $3.96 in interest so far.. much better than a bank account! Let’s hope for few/no defaults. 🙂

        • retirebyforty July 3, 2012, 9:54 pm

          Thanks! It took me almost a year to get to this point. It is much better than a saving account. 🙂

  • RichUncle EL July 3, 2012, 6:02 am

    Wow good luck with the HVAC I hear they are expensive to buy and to set up as well.

    • retirebyforty July 3, 2012, 9:51 pm

      We are not looking forward to this purchase at all…

  • DaveL July 3, 2012, 8:13 am

    Nice work with the savings. Thats awesome that you were able to get the vacation in this month and still be able to save an extra $1000. My budget has been good with little expenses for the summer but the real test will be in August when I get an apartment with a co-worker and a couple friends of ours. Also im going to need to start paying on student loans soon but I think with the help of my good friend Quicken I should be all set keeping track of my finances and setting a little bit aside each month for a “rainy day.”

    • retirebyforty July 3, 2012, 9:53 pm

      Good luck in August. Sharing an apartment is great when you are first starting out. Have you consider buying a house and renting out the rooms? One of my friend did that and the rent income covered his mortgage.

  • June income was pretty slow as well. There were only a few advertisements that came in for our website. We have not earned any dividends yet as we just started with our CD and stocks. I also started with another blog site to have additional passive income in the coming months.

    • retirebyforty July 3, 2012, 9:54 pm

      Good luck with your new site. I really want to get another site going too, but I find that I don’t have enough time and energy to deal with another site. 🙁

  • gerald July 13, 2012, 3:12 pm

    Would you say that you are doing your best to maximize your blog’s income? $300 for a couple of months seems pretty low considering work, maintenance, and hosting fees.

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