Journal Update #1: November 2012

This month has been pretty easy going, and has the added benefit of 3 checks from my prison instead of 2. This update is a day late, but I’m sure you’ll forgive me when you hear why 🙂

Current Savings: $16,666.62


Current Savings Rate: 62.97%

 

 

 

Category

This Month

Average (6mo)

Transportation

198.40

250.05

Food

190.04

137.42

Housing

1,219.11

157.64

Recreational

280.00

372.10

Entertainment

173.75

68.14

Rodney

12.34

21.87

Clothes

79.09

41.81

Gardening

0.00

35.66

Cell Phone

113.00

28.25

Contingencies

0.00

2.13

Munchies

4.23

23.35

Gifts

0.00

45.00

Other

78.24

129.21

Expenses

2,348.20

1,312.63

Evertz

4,486.71

2,601.21

Other

216.72

216.72

Income

4,703.43

3,364.26

Savings

2,355.23

2,051.63

% Spent

49.93%

41.54%

% Saved

50.07%

58.46%

 

Total Income

$26,914.07

Total Savings

$16,666.62

Total % Spent

38.07%

Total % Saved

61.93%


Note: Bicycle Category was removed. My bike was stolen (crap! $320 gone) and bike expenses were often $0 per month. I will now put bike expenses into transportation, along with paying for gas when others drive me/let me use vehicle, bus tickets, cabs, etc.

I moved out of my parents apartment this month, into a townhouse with two other roommates! I moved on November 30th and have been busy unpacking and getting settled in, so I hope that warrants forgiveness on the day late journal update! This is a huge life change, and a big step towards independence. It will cost me about $525/mo ($450 rent + 1/3 utilities + internet). While living here, my search for an investment property continues. The huge expenses is $900 for first and last month’s rent and I categorize other household purchases under housing as well, such as my new bed sheets, shampoo, conditioner, soap, etc. Since I moved out, I can no longer use my parents home phone and so upgraded my cell phone plan to one that includes unlimited evening and weekend calling. This was $75 a year, and the $113 in the cell phone category is a $100 top up + tax. $75/year is only $6.25/mo so very cheap. I also pay an additional $10 a month for 2500 texts, making my monthly payments $16.25 for a plan that includes unlimited calling when I’m not at work with a phone beside me, and 2500 texts.

I bought myself a new pair of shoes at the end of the month too. I wore my other ones as long as I could (wore them for awhile when there was a hole in the heel of one that caused the sole to slide out from under my foot and I’d have to push it back in). The shoes are vegan and came to almost $80 , should last for over a year.

Because I was paid 3 times this month, I was able to keep my savings rate at 50%. I expect expenses to increase at first due to the move (buying more of my own things, and not yet optimized. This will be a good time to re read the ERE book) and then decrease again as I learn more and get better at keeping expenses low.

I am very excited for what my future holds. I am already enjoying the independence, and I like having control over every aspect of my life. The move was so easy because I tend to be a minimalist, only needing one load in a borrowed van, but I plan to reduce my things even further.