And July is when all of that early year discipline finally comes crashing back down. Throw logic out the window and give into those societal pressures. What you will be wading through below is ugly and a disgrace for someone looking to achieve financial freedom. But, that is the point of these posts, to keep me aware of my spending.
Just like every month this is only my spending and no one else in the household. Current target is under $1450 per month, or at least it is going forward.
Monthly Expense Report
|NEW CAR||$16115||No comment at this time.|
|Housing||$925||My half of our monthly payment including principal, interest, taxes and insurance.|
|Veterinary||$280||Costly blood work and shot, which was likely unneeded, but better to be proactive, right?|
|Utility||$180||Water/sewer bill much higher than normal trying to get some grass/garden growing in drought.|
|Debt||$135||Payment on 0% interest loan|
|Clothing||$120||New everyday boots|
|Auto||$105||Insurance + gasoline|
|Restaurants||$105||Oops, eating out and beers|
|Groceries||$65||Grill stuffs and lunch foods|
|Internet||$50||Nice and consistent|
|Phone||$50||Nice and consistent|
|Travel||$45||Passport and International Drivers Permit|
|Total||$18195||No comment at this time.|
Oh, remember last month where expenses were nearly on target, right at that old $1600 mark? That didn’t happen this month. Take away that big car-shaped elephant, and it still came in about 50% over. Not really a victory month.
Let’s take a look at this elephant. New to me car (yes it is used, I am not going to commit new car blasphemy) to replace something not terribly old. 2014 model year from 2007 model year. Automatic versus 6-speed manual. About 65mpg vs 28mpg, with lower maintenance costs. There were many inputs into this decision, so it’s not actually a terrible move. A painful move to the bottom line, but I can justify it (and will be trying shortly). I shouldn’t be putting myself into a purchase that needs justification, but so be it.
On to the normal expenditures.
One cat decided eating is not very interesting, so in perfect time with his physical the vet and I decided on some precautionary blood work. Came back fine, but hit the wallet hard along with his rabies vaccination. Still not eating very much, but he really never has, unlike his chubby sister.
The quarterly water bill finally came in. I tried to get some new grass seed, some wildflowers and the garden needed water. No green thumb here and now with drought conditions, everything looks … terrible.
Splurged on some boots, or at least tried to. Bought some new boots for work since my old shoes were hurting my feet. Picked something out from LL Bean and went to try a few sizes. The size I ended up needing was the floor model (for all of a few days!) so I got 20% off. Not bad.
Everything else is pretty normal, some additional fees coming in now for our trip coming up this fall. Need an IDP (International Driver’s Permit) and a fresh passport. Soon an adventure!
Net Worth Update
One turnover is all it takes to be playing from behind.
Looks like the second half the year is going to be interesting! Might have to start digging deeper into a “side hustle” to make up for the lost cash. Doesn’t hurt to get that second income stream started. Not what I expected, even a few months ago. Shows how fluid personal finance needs to be.
We are now at 36% to the end of year goal after seven months. This would be even worse had the markets not been on a tear in July, up something like 3.5%? For the graph’s sake I hope that tear continues, even if it means having to pay a little extra. 🙂
Just doing some simple math right now, it’s going to take a lot of hustling or good markets to hit that end of year goal. By my best estimates, which still exclude emergency and other known cost (gifts, snow tires), I need to pull in an extra $1500 a month (!) to achieve my beginning of year target. I don’t know how I will do that, but eBay and Craigslist are calling!
Off to hustle town!