First off, the good news – we are in the positive territory again! After a -$3,583 October, it’s a relief to be in positive territory once again. The bad news? The rental income continues to be in the red for the 2nd consecutive month.
|Mrs. RB40’s paycheck||3987||2622|
|dividend, interest, stock||187||568|
|baby* don’t count daycare||-42||-144|
|bills (electric, insurance, internet)||-245||-257|
|misc (space heater, furnace service)||-136||-641|
|saving (Income – Expense)||577||-3,583|
*There is a bit of fuzzy accounting here because I didn’t count the cost of baby daycare. We paid $1165 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 this is one of those months with an extra paycheck in it. Yippee! We’ll take it.
Rental Income – I changed the accounting method here and I’m now showing all income – expense. The property taxes are also baked in now.
I wrote up the first 3 months report on the 4-plex investment. Basically, we are not making any income from the 4-plex at the moment. That should change soon because most of the deferred maintenance projects are finished.
When it rains, it pours. Our rental home also needed the dishwasher replaced this month – to the tune of $320 total. All in all, a bad month for the rental business, but at least it was better than October.
Side Income –
Retire By 40 made $1,674 online this month! I’m always amazed when the online income goes above $1,000.
We had $220 in expense this month due to our one year anniversary giveaway and a couple of miscellaneous expenses. I should check with our winner to see how he likes the Kindle Fire.
The online income this month all came from direct advertising. I really need to branch out with affiliate marketing and other money making ventures.
Extra income this month! I received an $18.04 check from a tort lawsuit. This has something to do with the credit card charging too much when converting foreign currency. It’s not much, but every little bit helps. I don’t mind sending my private information to the tort lawyers, but it’s better to keep your privacy private. Then you can stop worrying about thieves, scam’s, and marketer’s.
Also I found a shiny new liberty dollar coin on the floor near the vending machine at work. Score!
Dividend, Interest, and P2P lending
Dividend – $153
Interest – $25
P2P – $9 (One borrower was 2 weeks late this month. That made me really nervous and perhaps I’m not cut out to be a P2P lender after all. I have $1,000 invested.)
Expenses (Target < $4,000)
Housing – The housing expense is very high, but it’s stable at this point. I baked in the property tax so this month is up a bit.
Food and Cash Allowance – I think about 90% of the cash allowance goes toward food, specifically groceries and eating out. My parents were visiting and it jacked up our food bill a bit. It was great having them to help out with baby RB40.
Transportation – I drove a bit more than usual and the gas bill reflected that. It’s still around $100 so I’m not worried.
Baby – I think just diapers this month. The medical bill is also his.
Bills – Stable.
Entertainment – We went out to eat, but I counted those under food.
Misc – I got a space heater because our furnace quit working. So far the space heater and our Kotatsu table are doing the job.
November Cash Flow
I’m pretty happy with $500 extra toward saving and investing this month. I afraid we were going to be in the negative again because I knew the rentals didn’t do well and we had a high expense month. Mrs. RB40’s extra paycheck did the trick though. I feel a bit like we are cheating, but we’ll be happy with the small victory.
How about you? Did you have a good November? I think December will be much better for us. We are not planning to buy a lot of gifts and our expenses should be a bit lower.
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.