My August expenses were much lower than the last two months. My Clothing/Personal Care was the only category that was higher this month as I had to replace some of my old clothes and personal items.
|Monthly Expenses By Category||August|
|HOA / Property Tax||925|
|Utility (Electricity, Phone, DSL)||151|
|Total Fix Expenses||2,055|
|Total Variable Expenses||762|
|Total Monthly Expenses||2,817|
I am going through a life changing event right now, so I had to go buy some new clothes to replace some that I have outgrown. I will explain about this life changing event in a follow up post. I will also have to create a new expense category next month for this life changing event. Currently I have all the expenses under Misc*. Not included in this table is an extra monthly payment of $700 to mortgage principal and a $350 one time expense for half of the Las Vegas rental property.
August Passive Income = $ 398.84
August Expenses = $ 2,817
Shortage = $ 2,418.16
My August passive income covers only 15% of monthly expenses.