Our Family’s Expenses: September 2017

This was one of the warmest Septembers I had to endure. During September, we at least managed to sneak in a few days of vacation in Boston where the temperatures were in 60s when it was 90+ where we live. I am so ready for the fall. But it doesn’t seem like it wants to be here anytime soon. 🙂 This would come as a shocker. But we are starting next week with 3 days of mid and lower 80s. But the good news is we didn’t have any unexpected expenses in the month of September – just the short vacation to Boston. We are hoping to keep it this way for the coming months.

 

We continued to use EXCEL to track our expenses. No surprises there.

 

I know there are many of you out there who like to have a detailed budget for everything. I don’t think that it is for us. Our ultimate goal is to make sure that we don’t waste our money on things we don’t need or things don’t add value to our lives. That is it.

 

So where did the money go in September?

This month’s big items were, as usual, our mortgage and utilities. I keep saying I cannot wait to get rid of our mortgage payments. But our current mortgage rate is 2.625%. It doesn’t make any sense to get rid of it. Even though we do have about $40K+ left to pay it off we have chosen not to pay it off in order to invest. Some probably prefers to pay it off and have piece of mind, especially now, when the stock market is at all-time highs. But I am thinking about getting aggressive on buying and selling things on Ebay and Craigslist this holiday season.

 

Here’s how last month’s expenses broke down:

 

Mortgage & Monthly Bills: I cannot wait for the day we have no mortgage and property tax payments. For some reason, paying $6000 a year for property taxes doesn’t seem right. It is all for the good school district and the good neighborhood.

Monthly Sub Total Expense Entry Amount
2,417.58 Mortgage Payment – includes taxes & interest 1883.98
Utilities – Heating/Cooling/Water/Trash/Recycle etc… 230.39
Cell Phone Service 213.27
Internet & Netflix 89.94

 

Transportation & Auto Related [4 Vehicles]: No surprises and additional payments this month.

Monthly Sub Total Expense Entry Amount
337.43 Parking 60.00
Gasoline 153.46
Repairs & Car Care 123.97

 

Health Care & Life Insurance: No surprises here.

Monthly Sub Total Expense Entry Amount
481.98 Life Insurance 74.86
Health Insurance [Family] 344.50
Pharmacy & Health Supplements 62.62

 

Personal Items: We all needed a few personal items this month.

Monthly Sub Total Expense Entry Amount
235.51 Personal Items 235.51

 

Groceries & Household Items: Well, we couldn’t manage to keep the spending under $600. But we were real close.

Monthly Sub Total Expense Entry Amount
617.13 Groceries & Household Items 617.13

 

Dining Out & Entertainment: This section includes dinners, lunches, coffee shops (we love our coffee in this household), movies, games, travel expenses etc… Our short vacation in Boston bumped up the numbers even though we used credit card bonus points for some of the expenses and Southwest Companion Pass for one of our plane tickets.

Monthly Sub Total Expense Entry Amount
652.47 Dining Out, Entertainment & Travel 652.47

 

House & Home Improvement: We didn’t do much to the house this month.

Monthly Sub Total Expense Entry Amount
87.48 Sprinkler System & House Maintenance 87.48

 

School/Education: This section includes items like lunch money, school supplies, fees for classes, tuition, school activities etc..

Monthly Sub Total Expense Entry Amount
115.19 School Activity fees 115.19

 

Miscellaneous: Anything and everything doesn’t belong to other groups like gifts, fees for taxes, annual membership fees etc…

Monthly Sub Total Expense Entry Amount
147.00 Miscellaneous items & services 147.00

 

So this month’s total came down to $5091.77. Not so bad when we compare this number to previous months – especially the last month.

 

So do you budget or keep track of your spending? If you do how did you do last month?

 

Any suggestions and comments are welcome!

 

Leave a Reply