April 2014 Expenses

If I just stick my hand down that disposal, maybe I can save some of it?

Let me just stick my hand down that running disposal to grab some cash before it disappears…

Another month, another expense report.  This time it’s April.  Yawn.

Category

Total

Notes

Mortgage

793

Taxes

320

Groceries

133

Restaurants

74

Four meals out, two with wife, two with friends.

Utilities

38

Electricity.  No oil this month.

Cable

75

Phone, ISP, Cable

Cell

17

Ting Rocks

Medical

0

Pharmacy

0

Fitness

17 Fitness Center

Gifts

9 Replaced a part on my mom’s laptop.

Café/Coffee Out

15

Entertainment

76

Another concert, a matinee of the Winter Soldier, and $6 for 12 old comic books

Gas

34

Other Auto

0

Vitamin A(lcohol)

0

Misc, See Notes

417

Projects, AWS

Total

2009

 

 

Notes for April:

  • I’m happy about the grocery bill.  I was at home for 3 weeks on vacation and ate nearly all meals in. 3x meals a day for 30 days minus the 4 times I ate out is at least 85 meals, making the average cost per feeding session a little under 3 dollars.  This included some pretty nice stuff — salmon, chicken and stuffing, lasagna with home-made sauce, scones and cakes for dessert, and lots and lots of coffee.
  • I saw yet another concert.  This time it was Dream Theater, my all time favorite band.  Fun and worth it at $60.  Besides, I expect to continue to spend money on special events like this after I quit working, so it’s good that these items are appearing on my expense reports.
  • House projects took 404.  This includes money for standard spring lawn-care (mulch, grass seed, etc) as well as two indoor projects — replacing door hardware (new hinges and handles on 21 doors plus repainting) and doing a new-tile project for a small bathroom.   The tile project unexpectedly ran $234 over (117 of which I’m accountable for)  because we encountered a plumbing issue that needed professional attention.  The bathroom where the tile was installed also got repainted.  The housing projects are part of our downsizing-the-home initiative and will help us sell fast and close to the top of market prices for same-class single family residences in our town.  Also this blog cost $13 on amazon web services.  It might be more accurate to list the blog under ‘entertainment’ but I’m not changing it right now.

 

Yearly Total

January 2106
February 2013
March 2305
April 2043
Total  8467

 

Net Worth Update

Taxable 307K
Retirement 401(k) 277K
Retirement Roth 92K
Home Equity 125K
Total  801K

This is the first time I’ve hit 800K on the ‘ol net worth.  Markets have been a little more volatile of late.  I still expect a more lasting correction downward at some point.  The Schiller P/E is very high and signals that the US Market is probably overvalued.

Still, I don’t put much faith in my own throughts.  Research shows that what’s going on in my little human brain means nothing, and it’s impossible to time the market.

So I stick to my automatic investment plan and let it ride, because that’s what works.

Numbers crunched on 4.30.2014

Sticky notes on expense tracking

  • The expenses listed represent half of our total household expenses.  I’m 50% of a DINK couple.  The same is true for net worth.  I only list my personal stash — my wife has her own and I’m not tracking it on this blog.  Yeah, we’re completely spoiled.
  • You’ll notice that there is no mention of car insurance here.  I pay auto insurance once a year in May when my premium is set.  There’s a 10% discount for paying 12 months in advance, which is a pretty good return on investment.  It’s been coming out to about $60/mo lately pro-rated.
  • Similarly, there’s also no mention of home insurance.  We pay the yearly premium annually in full every March.
  • I’d love to cut cable but my wife really doesn’t want to.   We have a $150/mo cable/phone/isp package, so my share is $75.  It’s something I’ve agreed to live with because she gets a lot of value out of it and she’s pretty good overall.
  • There are menus at the top of the blog (Finances->2014->Month) if you are interested in additional reports.
  • I’ve also logged an account of my financial history
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4 Responses to April 2014 Expenses

  1. Moooooser says:

    Thanks for posting this stuff. It’s boring, I know, but helpful. Looking at your numbers (both expenses and net worth) makes me realize I still spend too much on “stuff.” Some of the stuff could almost be considered an investment (such as the $45 I spent on a bench grinder, which will save me $20 a year on sharpening my mower blades between my house and my rental), but sadly most of it falls under the restaurant, vitamin A(alcohol), and gas tabs.

    PS – You’ve already crossed the finish line, you just don’t realize it yet 🙂

    • livingafi says:

      Really glad it’s helpful.
      Secret: I don’t mind doing these reports as much as I pretend to.
      Re: crossing the finish line. I do realize that by the 4% rule that I’m done, but there are reasons why I’m still working. I’m really aiming to hit the more conservative 3% target, with a paid off house. This will be achievable only through a downsize. This will give me a margin of safety that will make me feel completely comfortable. I also anticipate a slightly different expense sheet after I’m done working. Gas will go up because I’ll be traveling more. I’ll have health care costs of perhaps $140-150 a month to handle. And there are occasionally big ticket items to anticipate — e.g. eventually my car will croak (maybe 10 years out?) and I’ll need to get a used (new-to-me) replacement. I’m working out the details and will probably structure a post around it when I’m done.
      Cheers —

  2. CDP45 says:

    The rent is too damn high. Housing is by far my biggest voluntary expense (after all the taxes are stolen out of my paycheck). seems like your PITI payment is over $2200/mo, ouch. Sell and move the burbs, probably get that down to $1500/mo with a $300k house.

    • livingafi says:

      Agree. PITI appx 1950. We already are in the burbs, though. We will be downsizing when I pull the plug on employment, or possibly sooner. A lower (or nonexistent) mortgage plus 1/3 the taxes = done. The knowledge that I’m essentially working just to stay in this house is painful — it will be fixed.

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