August was not a good month for passive income. Lets take a look at how I did in terms of expenses.
|Monthly Expenses By Category||August|
|HOA / Property Tax||910|
|Utility (Electricity, Phone, DSL)||136|
|2nd cellphone – to be cancelled)||37|
|Total Fix Expenses||2,059|
|Total Variable Expenses||483|
|Total Monthly Expenses||2,542|
I did well in terms of controlling my expenses in August. It was so hot this month that I spent most of my time indoors at Starbucks or local coffee shops reading my books or catching up on work. Not only that I ate out less but also drove less in August. The only area that suffered was my electricity bill and it went up quite a bit due to AC usage.
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.
August Passive Income = $ 321
August Expenses = $ 2,542
Shortage = $ 2,221
My August passive income covers 13% of my monthly expenses.