Monthly Status Report: September 2017

I'm typing this from the lush and beautiful Ecuadorian Chautauqua! All this travel has been throwing my schedule of but better late than never I guess… I can't wait to share everything I've learned this week with you! Beun dia!

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Why do I do a monthly status report?

I find it best to do a monthly status report for a few reasons.

  • It helps me evaluate how I did the previous month. Did I hit a target reduction in spending or did I go way over budget for a par­tic­u­lar category? Did I earn more? What was my overall savings rate?
  • It helps keep me accountable. How can I make an extra purchase knowing I’ll have to explain myself to all of you? Talk about awkward when the blogger can’t walk the walk and talk the talk.
  • I want to prove this crazy thing called financial independence works!
  • It provides an example of real world budgeting and expenses. Some of the people I talk to haven’t ever seen a proper budget or seen one put into action, and part of the purpose of this blog is to lead by example!

I use Mint to help me track my spending and keep an eye on my accounts. I also use a really awesome and super in-depth spreadsheet. So many formulas….. Some people use Personal Capital and others use You Need a Budget (YNAB). Whatever tool (or combination thereof) works best for you and your needs is the best one for you, since everyone and their budgets are different.

Spending

September was another crazy month. Long story short, my cat went missing and I spent the vast majority of the second half of the month trying to get him back. I'm over the moon I eventually succeeded! If you noticed a weird gap of no posts here on the blog, that would be why.

I also traveled for work in September which is unusual and awesome. I am not a seasoned business traveler by any means so it was a new adjustment for me. Juggling all of my responsibilities did not go so well but you live and you learn.

I still managed to spend a fair amount of money this month between working on the house (still/never ending) and prepping for upcoming travel in October.

Check out below for my total spending in September!

 

MortgageNot including principle, which is accounted elsewhere on my spreadsheet. Actual payment is $705.43 a month!
UtilitiesStandard electric and gas bill for my unit and the house.
FoodI came way under budget!!! Mostly due to being gone on business the last week 🙂
PhoneHigher than my normal Project FI bill due to my home internet being out for a week.
AutoGas, new tail light, and new spark plugs.
InternetThe new normal internet bill.
InsuranceHealth insurance is paid directly from my paycheck.
PetWith him gone for two weeks I didn't need food or litter 🙁
SupportMonthly support for my sister.
BlogFees are a bit higher this month due to bumping my service to a new level.
ShoppingLots of misc stuff and I mean a lot. New security system for the house and more!
EntertainmentI went to see a movie (Kingsmen 2 was dope!).
TravelSecond and last deposit for my FinCon AirBnB
GiftsA friend of mine got married!
HousePayment for more stuff done on the house, locks, and about a hundred other little stupid things I needed to do.

My spending was a bit higher than usual this month with non-house spending coming in at $4121. That's definitely higher than I like but it was on worthwhile stuff (and some of it I will get reimbursed for!). Housing costs were “low” this month at $1560. I am really looking forward to these costs mellowing out. It can happen annnyyy day now. My total savings rate for September came in at 21% which isn't too shabby considering all the expenses.

Income

Paychecks: $3,194.07
Rental income: $600

Total: $3,794.07

No money coming in from the vacant unit. Sad panda continues.

Savings

401k: $2,171.24
Roth IRA: ——
HSA: $220.82
Cash: $0

Total savings: $2,392.06

Still haven't set this up. I'm really slacking.

Net Worth

 

According to the Lab over on Mad Fientist’s site, my FI date is now exactly 7 years away, which means I’m at September 2024!

My total net worth shot up this month to $176,328! My 401k is really starting to pick up steam in this favorable market, of which I am a huge fan!

Thanks for reading! What did your month look like? Did you stick to your budget?

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13 thoughts on “Monthly Status Report: September 2017

  1. I am jelly about your low property taxes. Mine are almost $6K a year (yikes), but of course the property is worth more so it’s not all bad.

    Side note: You pay the principal on the mortgage out of principle 🙂

  2. Speaking of traveling, are you planning on going to the MMM Camp in Virginia next April?

    My buddy Matt and I just bought our tickets this past weekend and we are pumped!!!

  3. Glad to hear you got your cat back! I remember once when I was a kid our cat jumped on the back of a delivery truck at my parents farm and took a trip. We were pretty upset until the driver called us a few days later to let us know our cat was fine, it was hanging out in their warehouse 3-4hrs away and he would bring it back the following week. Quite the adventure.

    Looks like you still has a pretty healthy savings rate even with the extra expenses. Our spending has been a bit off the hook lately, at least it feels that way, I received an invitation to go to the Columbia ’employee only’ store and bought some waterproof hiking boots for biking this winter. That was $120 I didn’t plan for. But the boots retail for $230+ so it’s not all bad, plus they’ll keep my toes warm & dry when the temperature dips below zero.
    Owen @ PlanEasy recently posted…DYK? Your Marginal Effective Tax Rate Could Be 60-70%!My Profile

  4. Good job on everything… but what did we learn? Favorable market isn’t necessarily good when you’re buying… it’s good once you’ve bought. HAHA

  5. Nice job keeping your regular living expenses low. I see the work trip helped on the food front haha. The house will soon cost far less than what it brings in with all the work you’ve done on it! Can’t wait to hear about this year’s Chautauqua when you get back.

    Also, very glad that you found your cat! I’d be completely distraught if one of our furbabies went missing.

  6. Keep up the great work! Happy to hear you got your kitty back. We had panic fits when ours went missing overnight years back. Also, you’re an angel for helping out your family. It’ll all come back to you down the road.

    • I’m so grateful every time I get to snuggle him now. I love that furball!

      Ecuador was flippin fantastic! It was warm ish and lush ish…. depending on where we were at the time.

  7. I think I’m missing something. If your expenses are more than $4,000 and your income is less than $4,000, how do you have a 21% savings rate?

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