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September 2010 credit card bill

flickr - andresrueda

flickr - andresrueda

Every month, I’ll analyze the credit card bill so we can see if there are any problems with it. My wife and I allot ourselves $100/week cash allowance each, so we’re not suppose to use credit card to buy lunch and those kinds of everyday small items. We always pay off the credit card in full every month.

Internet $30

Pet supplies $70

GoDaddy $24 – Started this website, annual bill.

Transportation – Gas $51, public transport $47

USPS $5 – package

Medical bills $660 – What can you do? Hopefully lower next month.

Toastmasters renewal $43 – Michelle’s Toastmaster annual fee.

Bed Bath & Beyond $31 – new towels

Overall not too bad. The new towels and post office bill should have been paid with cash, oh well.  At the post office, there was a loooong line so I used the machine.  We’ll try to stick to it better next month.

September 2010 compliance rating: 96%
How well we adhered to our plan of using cash.

compliance rating = 100% – (what we should have paid with cash/total bill)

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Joe started Retire by 40 in 2010 to figure out how to retire early. He spent 16 years working in computer design and enjoyed the technical work immensely. However, he hated the corporate BS. He left his engineering career behind to become a stay-at-home dad/blogger at 38. At Retire by 40, Joe focuses on financial independence, early retirement, investing, saving, and passive income.

For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.

Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.
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{ 8 comments… add one }
  • Khaleef @ KNS Financial October 19, 2010, 1:32 pm

    This isn’t bad at all – especially if you pay if off each month regardless. Just curious…what is toastmasters?

    • retirebyforty October 19, 2010, 1:55 pm

      Joining Toastmasters is a great way to improve your public speaking and leadership skill. I am not a member, but my wife (Michelle) had made great strides in both these area since she joined. She loves it and is very active in the Toastmasters community. I want to join, but have the usual excuse – no time, too tired, etc… Once I retire, I will definitely join this organization.

      Check out their What is Toastmasters page here.

  • Everyday Tips October 19, 2010, 5:45 pm

    You are doing excellent! The world would be horrified if they saw my credit card bill. We pay it off every month, but I also charge every single thing on it. My gas bill alone is probably 650 dollars.

    Keep it up!

    • retirebyforty October 19, 2010, 8:44 pm

      We used to put everything on the credit card too, but I read about cash vs credit and we decided to try allowance. I think it helped cut down spending quite a bit so we are sticking with it. We’ve been on cash allowance for a little over a year. It also forces us to save up for bigger items like stereo, just like when we were kids. 🙂

  • Aloysa October 19, 2010, 7:35 pm

    I went to the Toastmasters once. I have a co-worker who goes there. Our work pays for it. I assume your wife’s job doesn’t. They actually should because they benefit from it. Or she doesn’t work?

    • retirebyforty October 19, 2010, 8:30 pm

      Unfortunately, her work does not pay for Toastmasters. She works for the government and they don’t really have budget for that kind of things.

  • retirebyforty October 19, 2010, 8:34 pm

    Unfortunately, her work does not pay for Toastmasters. She works for the government and they don’t really have budget for that kind of things.

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