October 2014 Expenses

Burn, baby, burn.

Burn, baby, burn.

Let’s do a no-frills expense entry for October.


Category Total Notes
Mortgage 793
Taxes 320
Groceries 181
Restaurants 194 4 nights out. Some not dutch. 4 lunches.
Utilities 42 Electricity
Cable 75 Phone, ISP, Cable
Cell 17 Ting
Medical 0
Pharmacy 8 misc
Clothes 49 Wicking hat, Backpack
Café/Coffee Out 28
Entertainment 55
  • $17 AWS blog hosting
  • $25 jazz show
  • $13 music cd
Gas 92
Vitamin A(lcohol) 0
Other Transportation 16 Mass transit
Gadgets 70 SSD drive replacement for home computer
Total 2017


Yearly Total

January 2106
February 2013
March 2305
April 2043
May 1876
June 3036
July 2109
Aug 2218
Sept 2765
Oct 2017
Total  22488


Net Worth Update

Taxable Mutual Funds 287K
Taxable Cash (CDs) 40K
Retirement 401(k) 314K
Retirement Roth 100K
Home Equity 125K
Total  866K

Markets bouncing back.

Numbers crunched 10.07.2014

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 my premium annually in June. There’s a 10% discount for paying 12 months in advance, which is a pretty good return on investment.
  • Similarly, there’s also no mention of home insurance.  We pay the yearly premium annually in full every March.
  • 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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2 Responses to October 2014 Expenses

  1. Great to see you back! Awesome month. It looks like you really have your expenses under control. I hope to hit $15k in yearly passive income going into next year. Rather than try to build up a portfolio to generate the other $13k via dividends I need to reach FI, I think I’m going to create a hybrid retirement plan that includes the $15k in dividends (which should increase with time) along with a “withdrawal type” component. Maybe save $180k in cash over the next couple of years and then withdraw $10k a year for 15 years. By the end of the first 15 years of FI, I will be 59 1/2 so I can then access the 401k (60/40 Vanguard 500/bond mix) or if need sooner a 72t. Finally whatever SSI that is available can be used at around 67. I haven’t worked out all the details, but I feel better about using this hybrid method to accelerate FI.


    • livingafi says:

      Nice to hear from you MDP! It’s really been a good year overall, no major issues with spending over here. Although in a few weeks, when I do my November post, you’ll see my spend is quite a bit higher — I went on a short vacation and also we’re planning on hosting a largish T-Day gathering that’s going to cost a few bucks. It sounds like you’re doing great though, which is awesome.

      It’s interesting that you’ve mentioned holding such a large amount of cash to cover, at least, about 50% of your first decade+ expenses. I recently met with a Fidelity adviser (for the first time in my life, I might add — I don’t really trust the advice of so-called “experts”) and he mentioned he would also hold a 10-year cash buffer. it sounds ridiculous to me, and I’m still chewing on the ramifications of this recommendation, but the clear signal he was presenting was that he’s paranoid about the overvaluation of the US Market and the immediate future for the global economy. Now, I’m not going to let the advice of one silly adviser change my entire RE plan, but still, it’s food for thought.

      The main thing to keep in mind when considering holding such a large percentage of your assets in cash is that if we do hit an inflationary period, the value of those holdings will be at risk. Yeah, we haven’t had serious inflation since the 80’s but you never know when it’ll strike again.

      BTW, for the record, I don’t consider these financial updates to be proper blog posts. The only two posts I’m doing for the remainder of this year are similar accounting records.

      Keep up the incredible work.

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