June 2018 Expense Report

I like to think I’m good with money and saving, but I know I’m bad at budgeting, which is the #1 rule of finance: know where your money is going! So part of this blog will be to keep track of monthly expenditures. I’m hoping I will find some patterns and areas where I can improve.

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I’ve been eyeing this bad boy for two years and finally pulled the trigger

June was a wild month of transitions.

Mr. FM worked in a different city for three weeks. I started a new job. I also underwent a series of unfortunate events that racked up a small amount of health expenses, doctor visits, and consequent feeling-sorry-for-myself splurges on bulbasaur planters and ice cream out.

A note on reading these expense reports: when budgeting, it’s tempting to leave out big-ticket items that only come around every so often. You might be tempted to leave off the road trip because you don’t go on a big vacation every month (or maybe you do, now I’m jealous) so it’d be easy to dismiss those things. I try to buy big ticket items all in one go, such as car insurance this month, and that will be reflected on the month’s report where I paid it instead of splitting it up.

Without further ado, here is the expense report for June!

Item Amount Mechanic Musings
Rent $930 This covers everything rent + utilities
Monitor $390 This is definitely a guilty line item for me, where my justifications fall a bit flat, since I definitely could have spent more time on Craigslist shopping around. For the past three years as a software developer I have not had a monitor set-up at home, which is pretty insane. I decided to go a bit big on a nice Dell monitor that was on a big sale that will last me years for when I work from home, but enough of me trying to justify myself…
Car Insurance $524 I pay a lump sum every six months, so about $87/month in car insurance. This is a problem, because my coverage only cost $408 last year. I should call but I’ve been putting it off since I’ve been planning to sell the car in the coming months anyway.
Groceries $111 This item made me realize that monthly budgets might get a bit complicated since I split the bills with Mr. FM, and we don’t settle-up very often. However, I’m pretty sure I’ve covered every grocery trip this month so I halved it for myself.
Chase Sapphire Preferred Dues $95 I signed up for this card last year and got over $600 in rewards. This month Mr. FM signed up for it as well so I will be getting a referral and he will also be getting the reward. Will probably cancel the card before the next due payment though, which is once per year
Healthcare $69 Treatments
Restaurants $54 This is an item I was trying to cut back on, so I created a meal plan and stuck to it. Even so, this totals about 7 meals. The first week of my new job I ate the costs (pun intended) in order to socialize with my new coworkers.   And we went out for ice cream.
Blog $48 I created this blog this month in an exercise to write and talk about money! I shopped around a bit but ended up choosing to go straight through WordPress for $4 a month.
Entertainment $92 I went with a friend to go see Insomnium, a Finnish melodic death metal band from Finland. The ticket was $27 and I bought a $20 T-shirt (before my clothing ban started!)

Also, I bought myself a planter to sit on my desk at work. It’s a Bulbasaur with a succulent on top.

We went kayaking!

Personal Care $47 Because of pinkeye, I had to throw out all of the eye make up I use. While I was at it, some other face products that are now almost a year old were starting to smell moldy so I tossed those too. I’m hoping to keep this line item down.
Fuel $20 Haven’t been driving very much, as I’ve been biking and busing to work.

Total:                 

 $2353

Oof. That seems like a lot for one person. I will start looking into either selling the car or lowering the car insurance rate. I don’t have much to compare the expenses to, so I’m not sure where I’m doing well vs where I could improve, but that’s the point of the post!

Do you see anything that surprised you about these expenses? How much are your monthly expenses?

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Kit On Fire @ CaliforniaFIRE
Kit On Fire @ CaliforniaFIRE
2 years ago

So do you and Mr. FM split all shared costs? That is to say, is your rent actually $1,860 and your half is $930? If that is the case I don’t feel as bad with my $5,500 a month expenses in Silicon Valley. When I first read your monthly total of $2,353 as the cost for essentially two people I felt I must be egregiously overspending.

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[…] June, I spent $54 on eating out. Not an enormous sum, but it was mostly due to poor planning and not packing a lunch. This month I […]

millionairedojo
millionairedojo
2 years ago

I totally have that same Bulbasaur planter and also have a succulent in it! 🙂

millionairedojo
millionairedojo
2 years ago

My wife and I live out in the country in Georgia and our total monthly expenses are about $2,500. Hoping I can continue to work remotely and at least double my income so we can really hit FI quickly.