Happy belated New Year! With an infant, a demanding full time job, volunteering work and catching up with friends, life doesn’t get any busier than this. Personal finance and FIRE is my passion so I will make time for it no matter what. This blog is my hobby and I am not trying to make money out of it (yet), so sometimes my posts will just be a little late. Better late than never.
I had four short-term financial goals at the beginning of 2017. Lets go over each one of them and see how I did.
Goal 1: Increase total passive income to at least $600 average per month or $7,200 per year (Include dividends, interests, and rental property)
I gave myself an A on this goal. I increased my average passive monthly income to over $835. I sold real estate rental at the beginning of the year, so there was minimum loss in passive income this year. I am very proud that my annual passive income broke the 10K mark.
My July expenses were lower than last month’s by about $100. Most categories were below budget except for Gasoline/Car and Medical/Health categories. I went back to work at the end June and I drove an additional 10 miles dropping off / picking up baby butterfly. Since I was on unpaid leave for 6 weeks, I had to pay my own long term care monthly fees. Continue reading
My June expenses were a littler higher than last month. Most categories were below budget except for childcare. I went back to work this month and I had to buy some extra baby gear for my parents’ place. I am very lucky that I have my parents babysitting baby butterfly while I am at work. Continue reading
My May expenses were much lower than April’s and it is lower than the average this year. Most categories was below budget except for health care and personal care. I am still spending quite a bit on the heath care category post partum. Continue reading
My April expenses were slightly higher than March’s and it is the highest month so far this year. Every category was below budget except for childcare. We spent quite a bit on baby gear. Continue reading
My March expenses were slightly higher than February’s but still lower than the average. Every category is below budget except for the Medical/Healthcare category. The Childcare category was also high due to baby’s medical bills. Continue reading
My February expenses will probably be the lowest I’ll ever have. Since I was in the hospital for almost a week and then was recovering from childbirth, my variable expenses were pretty much non existent other than the increased medical expenses. Continue reading