It’s that time of the month again. I enjoy reviewing my monthly expenses and calculate how much my passive income covers my monthly expenses. My October expenses were a little higher than last month. Dining Out/Grocery out increased by $100.
|Monthly Expenses By Category||October|
|HOA / Property Tax||925|
|Utility (Electricity, Phone, DSL)||136|
|Total Fix Expenses||2,040|
|Total Variable Expenses||741|
|Total Monthly Expenses||2,781|
I have two exciting events going on in my life right now. Both I hope to share by the end of the year. One of my financial goals is slowly coming true and I am so happy. Not included in this table is an extra monthly payment of $700 to mortgage principal and a $400 one time expense for half of the Las Vegas rental property.
October Passive Income = $ 841.87
October Expenses = $ 2,781
Shortage = $ 1,939.13
My October passive income covers about 30% of monthly expenses.