January. Throughout my adult life, January has been a month that presents chaos due to “unexpected” financial events regarding income and expenses. This year was no different. At first, I wasn’t going to post January results because the results, in no way, reflect the norms. I changed my mind because someone — other than myself — may get some good or insights from the results.
In review, I have no mortgage, car loan, credit card debt or any other debt.
Actual: $18,406 | $14,369 over budget
Comment: $13,000 of this were the proceeds of selling an auto.
Actual: $63 |
LP Gas – Water, Cooking, Clothes Dryer
Phones – Land line and Cellular
Internet (Fiber Optic)
Comment: I did a lot of the work myself this month
Comment: Water heater repair
Auto Insurance (Escrow)
Gas – Auto
Repairs – Auto
Registration/License – Auto
Budget: $15 (Escrow)
Actual: $166 Annual
Health Insurance – Includes spouse
Medicine – Includes spouse and pets
Comment: Out of control. Corrective action in place.
Actual: $72 – Annual for phone app and blog
Groceries + Household
Comment: Stocked up with an emergency supply of staples (virus outbreak)
Actual: $6 (haircut)
Comment: U.S. Federal Income Tax, Local Real Estate Tax
ATM + Transaction Fees
Commission – Sale of Auto
Comment: Installed electric security fence
Transfer to Savings: $13,200
I want to repeat that January was not a normal month of income or expenses. Hopefully, February’s results will show a more accurate scenario.