2016 February Expenses Review


My February expenses were very low. I stayed within budget for all but one category.

Monthly Expenses By Category February
Fix Expenses
Mortgage* 829
HOA / Property Tax 925
Insurance (HO/Car) 150
Utility (Electricity, Phone, DSL) 117
Total Fix Expenses 2,021
Variable Expenses
Gasoline  55
Dining Out / Grocery  291
Clothing/Personal Care  53
Household  39
Entertainment/Leisure  8
Medical/Health  43
Misc  203
Total Variable Expenses  692
Total Monthly Expenses  2713

February was a good month for my expenses. Even though I had a baby shower,  a birthday, and Valentine’s day, I was able to limit my gifts to below $150. Instead of taking the BF out for his birthday, I cooked a four course meal for him. Last year he asked me to cook him a three course meal, I took him to a 2-star Michelin restaurant instead, and that cost me an arm and a leg. I chose the more cost friendly path this year and saved myself over $400.

We are experiencing El Nino weather in the Bay Area this season and it has been raining like crazy in February. I am not complaining at all. We were in drought for the last few years and we were not only asked to conserve water usage by 20%, but water cost went up about 65% in my city this year. With the rain, comes the laziness, and I did not want to go out much in February. Besides the food expenses during the Vegas trip and a couple of meals to catch up with friends, I  cooked at home most of the time. I am slowly eating away the food in my freezer and pantry, but I still have quite a lot of food. The great thing about making meals at home is that I cook a lot with fresh produce, so I don’t use a lot of precooked or canned/boxed food in my freezer or pantry. I think I can safely say that I will still have frozen/pantry food left when the 5% bonus grocery category kicks in in April.

Not included in this table is an extra monthly payment of $700 to mortgage* principal and a $150 monthly expense for half of a rental property.

February Passive Income = $ 542

February Expenses = $ 2,713

Shortage = $ 2,171

My February passive income covers about 25% of my monthly expenses.


Lady Butterfly


2 thoughts on “2016 February Expenses Review

  1. Thanks Pamela. Yes, my plan is to reduce expenses and increase passive monthly income to eventually have passive income cover all my expenses. I want to reach financial independence and retire early.

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