May 2017 Family Income Report & Budget Breakdown – Holy Tax Refund!

Woo, tax season is over!

May 2017 Family Income Report

We’re doing this as a monthly entry thing. Fewer headaches, less confusion and more money (s)talk!


We are a household of 3 grown adult (& 1 dog). Our budgeted balance is less than $2000 per month for everything from floss to fluorescent light bulbs. We run AirBnBs full-time that counteracts the mortgages.

Budget Breakdown Family Of 3

*This budget breakdown does not include the our mortgages, property taxes, water/sewage/trash fees or any homeowner’s insurance. Recurring payments such as mortgage and property tax are repetitive in nature so to simplify we automatically round-up and deduct -$6,000 from our monthly income to cover our main residence and rental property.

*Insurance & internet is covered by my husband’s employer.

*We directly deposit $5,000 into retirement savings no matter what. It’s automatically deducted and added to our tax-friendly accounts every month.

*This budget is 95% accurate. We rarely deal with cash but we don’t go down to the penny anymore.

Fun fact: I have lost a cumulative of almost $200 on the bus throughout my life… 😞 


Paycheck: +$5,408 (net)

AirBnB: +$6,702 (gross Net)

Misc Income: +$7,642 (mostly tax refund + 1% Side hustle)

Retirement: +$5,000

May Total = $24,816



Groceries & Dine Outs – $439

Do you know what hurts me the most? This category. Before we got married we had a budget of $1000 for 2 people in downtown Seattle and we ate like emperors. Now we budget $500 for 3 people which means it’s just pork and chicken and nothing else. Blame my dad. He has more time to shop then I do and he only picks and eats these two proteins.

I sneak home tri-tip steak and tuna sashimi (to make Hawaiian poke). We do go out on the weekends sometimes but definitely not as much as I want to. Hopefully we can bump up the food budget soon. I have no problem eating $1000 myself, alone. The moment we reach FIRE, that’s the plan. No retirement but you’re gonna have to pay me in surf clams and crackling duck!!!

Poke: raw tuna, avocado, wakame, ginger, soy sauce, roasted sesame seed, dash of rice vinegar.
Poke: raw tuna, avocado, wakame, ginger, soy sauce, roasted sesame seed, dash of rice vinegar.

Transportation – $18

We had a difficult AirBnB guest at our rental who insisted we come cool down the house from 72 to 60s but they refused to open any of the windows… Transportation was for $18 via Car2Go.

Personal care – $29

Easy month with almost no expenses in personal care. Hosting for my e-commerce site was the only running tally.

Entertainment – $126

This one was a bit of a surprise…what the heck did I buy on Amazon? I purchased a $90 ring light because I wanted to make YouTube videos… I bought a face painting kit for $10.77 because my friend told me to…? Finally, I purchased a $20 theme for my WordPress that I don’t particularly recommend but for $20, it’s workable. There are some other things in there I can’t recall, but overall, we’re over budget by $100.

Home Maintenance – $0

Oooh goose egg! I love goose eggs! Smooth month for the Frugal Gene’s homestead. We have received $350 in Home Depot gift cards from churning the Amex Gold card. Yay! Let’s keep it going, woot woot woot!

If you are applying for the Amex Gold card, know that the delivery man has to RING your doorbell and hand deliver it to you. It’s really awkward because it’s just a credit card but Amex wants to make it a big deal so they have these frills that makes me question their business. My two cents…

Misc. Expenses – $34

Batteries, toilet brush and the all-necessary…glittery bath bombs…(curses, Amazon, you tempestuous devil.)

Yes this was on sale. I’m tempted, not crazy.

Pets – $52

Gracie doesn’t have any allergies so I can buy her any type of dog food but I do keep away from Alpo and Caesars etc. They’re not the most reputable. We spend around $1/lb for gourmet dog food that usually retails around $2-3 a pound. I bought 3 giant bags of dog food for her this month so she’ll be covered for a while. We also got her 12 cans of wet food (sale) and a squeeze tube of salmon oil (sale). I have no trouble spending money on my dog, but I do need it to be on a good sale.

Vacation – $0

We get one vacation a year and it’s not really a vacation. We fly home for a week during Christmas and we load up on family and food love. The good thing is we are hoarding close to 400,000 in airline miles/points and the Virgin ones are expiring so we might have to go somewhere soon…

I’m not saying I don’t like vacations but I dislike flying. TSA? Yeah? No thank you. I wish the rewards applied to cruises or buses because we’re in Seattle, WA. There are lots of cruises and there’s an express bus to Vancouver less than 20 minutes away from our residence. Why fly?!

How I feel about outings that do not conclude to food.

Phone (AT&T) – $90

We seriously need to make the switch over to something else! We’re both so busy that we have been saying we’ll change carriers for 12 months!

Gas (Stove) – $79

Is gas suppose to be this steep? The only thing we use gas for is our standard gas stove…eeeesh.

Electricity – $101

This electricity bill covers two properties and is billed once every 2 months. Did you know Seattle, Washington has one of the lowest electricity prices in America? We still changed out all the light bulbs in our home to energy-efficient ones. You can read great hacks on how to reduce usage with my nerdy buddy.

Water/sewage/trash is almost $200 a month in Seattle. We do run AirBnBs so we opt for the larger trash cans that cost more and water…well, water is just expensive.

Free Stuff

We are a cockroach family (well me and dad, Jared’s a seigneur who has been banished to live with us). The cockroach fam-bam scores free stuff sometimes.

We found a coffee table, an end table, a blood glucose meter, a paper display, a dresser and parts of a wired fence. I had no idea about the fence, my dad just had it one day and was installing it…last month we found a rolling office chair in great condition.

Random stuff

I also won 2 online contests from Aliexpress. My husband won a garnet gemstone ring and I won a freshwater pearl ring that is both in transit from Hong Kong. We didn’t buy rings when we got married and I was thinking maybe we should…then out of nowhere, we won two separate contests that both happened to have rings as prizes. There were 13,000 applicants for the contests. That’s the universe telling me to keep holding off right? Crazyyy!

Mine 🙂
Hubby 🙂

May Net Savings – $18,097 (including retirement)

Hey! That’s a 94% savings rate. Haha no no, I wish, we technically lost some money because we basically gave Uncle Sam a huge interest-free loan for that huge tax refund! Our family expenses for the month of May was just a $1000 since Airbnb has been covering both properties completely. I love summer time busyness on AirBnB! It’s always a blessing to look at the end of the month numbers and know that our nest egg will grow bigger yet. Remember, a millionaire is less about the money but more about learning how to get there!

So with that said, our net worth is still down because of tech stock so we’re back to hovering around the $790K $750K again but that’s OK.


Please tell me that didn’t put anyone to sleep. I almost fell asleep writing it. Is this entertaining or helpful at all? 🤥 Thanks for reading! 🙂








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