This month, I haven’t kept careful track of all our income and expenses. The result is there are quite a few mystery entries in the bank statement. I can’t remember where that check I deposited on September 7th came from. I think the solution is to update my spreadsheet in the middle of the month so I can recall what all those items are.
All right, here is the September cash flow.
|Mrs. RB40’s paycheck||2,984||2,622|
|dividend and interest||278||115|
|rental debt service + annual HOA||-907||-1,182|
|cash allowance + $160 editor pay||-860||-600|
|baby* don’t count daycare||-42||-84|
|bills (electric, insurance, internet)||-246||-333|
|electronics (air purifier)||-277||0|
|misc (costco, home depot, new check, business cards)||-178||-165|
|saving (Income – Expense)||2,081||1,058|
*There is a bit of fuzzy accounting here because I didn’t count the cost of baby daycare. We paid $1165 in August, 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.
Income (Target > $5,000)
September was quite a good month for income. Mrs. RB40 received a little bonus from work so her paycheck looks better than usual.
Rental is a bit lower than normal because the newly acquired 4plex lost $75 this month. I’ll have to write a whole post about this.
Side income – There are about $300 of extra income unaccounted for in September. I think part of it has to do with the 4plex closing. We had a small refund from closing a few days later than scheduled. Other than than, we received a check from our reward card and won $50 from the Yakezie tweet chat. Retire By 40 closed a few year long advertising deal in September so that helped a lot too. All in all, a great month for side income.
Dividend and Interest – I need to open an ING or Ally bank account and move some cash over. Our credit union’s best rate is only about 0.5%. Dividend looks great in September. I would love to get this kind of dividend+interest income every month.
Expenses (Target < $4,500)
Our expense is still not quite under control this month.
Cash allowance is a bit higher than normal. It’s actually $700 due to September having 5 Fridays. We get cash allowance once a week. Mrs. RB40 also received her first editor pay of $160.
Transportation – I drove a bit more than usual and also had an oil change in September. I would like to keep this under $100, but it’s really been creeping up. We’ll see how it goes in October.
Electronics – I purchased a BlueAir and a change of filter for our living room.
Misc – The $178 is mostly spent at Costco on baby formula, food, TP, and other household items. I should keep better track of this one also.
Here is our unauthorized $34 entertainment bill for September. We’re suppose to use the cash allowance for these kind of things.
September Cash Flow
Our expense is creeping up and we need to control it a bit better. All in all, it’s still a good month though. I can’t complain about the $2,000 positive cash flow! October is going to be a mess though. The 4plex is going to be a cash drain (repairs), but I think it will turn around by New Year at the latest.
Have a great Columbus Day everyone!
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.