July was a great month for me in terms of passive income. Lets take a look at how I did in terms of expenses.
|Monthly Expenses By Category||July|
|AT&T (DSL & Home phone)||54|
|Verizon (2nd Cel)||37|
|Total Fix Expenses||2,035|
|Total Variable Expenses||819|
|Total July Expenses||2,854|
I did well in terms of controlling my expenses in July. The Medical/Health category was high this month due to a one time expense for a pair of glasses and four months of contact lenses. I incur this expense once every few years.
Not included in this table is an extra monthly payment of $300 to mortgage* principal and a $150 monthly expense for half of a rental property.
July Passive Income = $ 806
July Expenses = $ 2,854
Shortage = $ 2,048
My July passive income covers 28% of my monthly expenses.