Wowzers, June just flew by and now it’s already July! Crazy! Time definitely moves faster when we are preoccupied with life. Jared continues to work 12 hour days. Don’t feel too bad for him though – that does include 2 free meals at work, snack bar, free gym, and bathing privileges.
Hubby only comes home to sleep now; I think any other wife would be unhappy with this set up but I enjoy alone time (only child syndrome). We hustle hard now so we’ll be more ready when children become part of the equation.
Blogging (and everything that comes along with blogging) is taking up a nice chunk of my time and I’m not the only newbie blogger around here that’s severely sleep deprived. Raise your hands, admit it!
This month has been pretty uneventful. I mean that in a positive way. Uneventful means everything went according to plan.
Here’s our income report for previous month:
May Income Report & Budget Breakdown
May was a fantastic month. We had a 94% savings rate because of a particularly large tax refund check that came into our account from Uncle Sam. There was also an extra paycheck in May that was technically supposed to be for June that threw off the figures a bit too. This month’s figures are definitely more normative compare to the previous months when we had bonuses and tax refunds. For June, we had only three main income sources which was Jared’s paycheck, Airbnb and a side hustle of mine.
We are a household of 3 grown adults (& 1 dog). Our budgeted balance is less than $2,000 per month for everything from floss to fluorescent light bulbs. We run AirBnBs full-time that counteracts the mortgages.
*This budget does not include 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 ($4,791.66 to be exact for June) into retirement savings no matter what. It’s automatically deducted and added to our tax-friendly accounts every month.
*This income report is 95% correct. We rarely deal with cash but we don’t go down to the penny anymore.
INCOME (JUNE 2017)
PAYCHECK: +$4,172 (NET)
AIRBNB: +$7,845 (
MISC INCOME: +$388
INCOME TOTAL = $17,196
*Jared just informed me he’s been reserving BnB taxes since January – yay!
EXPENSES (JUNE 2017)
GROCERIES & DINE OUTS – $399
I don’t think I had enough time to eat this month. I can’t believe we kept right under $400 for a household this month. Was I asleep or something? Looking over the receipts, I don’t think we were overly frugal with our groceries. When I was little, when things were tight, I ate just 1 meal a day (thinking that would save my parent’s some money). When I’m busy or stressed now I revert back to eating 1 meal a day. I think my consumption for the month was simply lower. Not healthy, I know, mom nags me on the phone everyday about it.
TRANSPORTATION – $0
Goose egg!!! OK not really, I take cash to ride the bus sometimes. We have a teddy bear candy/coin container full of loose change that’s not tracked and that’s where the bus fare comes from. We’ll refill the bear and start tracking it once it’s empty.
PERSONAL CARE – $61
My husband’s belt was falling apart and I felt a bit of a pain in my ice-y heart for him. This is the guy that works from sun up to sun down to bring home the bacon and he has worn the same half broken, polysynthetic leather belt for 4 years! I brought him a fancy leather belt, he objected because it’s just a belt, so I returned it and brought him the same belt but second-hand. Shop smart, not cheap!
ENTERTAINMENT – $0
Further proof that I must have fallen asleep mid-month.
HOME MAINTENANCE – $0
Another goose egg! I love goose eggs! We do have $350 in Home Depot gift cards from churning the Amex Gold card. Hubby did buy a tube of caulk this month but that was easily covered by the gift card.
MISC. EXPENSES – $13
My dad went to Dollar Tree and spent $13. I’m guessing on 12 or so things haha. I have no clue what he brought but that’s OK. He’s really frugal too so we trust him enough to give him our credit card since it’s traceable and he doesn’t have to carry cash around in his old age.
PETS – $15
Another bag of kibble for the colonel of cute. Dog parks are free. Her shots and grooming are due in a week so we’ll see how much it’ll cost next month.
Fun fact: Grace memorized the route to the VET 😂. When we cross near that street, she won’t go further. We couldn’t even drag her. The plan now is to do the loop around, until she memorizes that route too, then we’ll have to carry her like a big baby for 3 blocks.
VACATION – $0
PHONE (AT&T) – $88
Still with AT&T out of pure laziness.
GAS (STOVE) – $54
Gas was a lot less compared to last month at $79 because it’s been really warm. The heater and stove are on less.
ELECTRICITY – $0
Electricity is billed once every two months so nothing was due for June.
FREE STUFF –
This is my favorite part of the income report! Jared found an organizer on the side of the road (with a quarter in it!) and the neighbors gave away their oscillating fan and sink. We didn’t take the sink but now we have 5 fans total. 3 fans from dumpster diving, 1 fan purchased and 1 fan that was a gift (or hint?) from an Airbnb guest. Jared explained to me that our townhouse is the worst for temperature control because of the surface area and design of the build.
JUNE EXPENSES= $630
New record! O_O! I just added everything up now and it’s like…what was I doing (or not doing). You know what I credit this to? Living car-free. I might write a series on that after the AirBnB series and my Amazon Hack eBook. I don’t think we’re missing anything in our lives. We can go out to eat responsibly when we want to and we order-in pizza sometimes when we’re too lazy to cook. The expenses will be higher in July because it’s my birthday month 🎊
JUNE SAVINGS= $12,419 (incl. retirement)
NET WORTH (JUNE 2017)
Me and BoaS discussed the possibility of revealing our net worth for the public to poke and prod at. I kind of been skirting around it…and hiding it between sentences because you know…shuffles around…I’m shy…
I had hubby add everything up yesterday. We never did that before, our mental math is so off. I thought we were at $800K. Net worth fluctuates so I rounded down. Liquid assets include everything across 4 brokerages (Vanguard, Schwab, MS), 3 savings accounts (CU & Discover) and all that other retirement mumble jumbo.
A mortgage at 4% is cheap money (my old student loans were 4.75%). If anyone wants to hear me ramble about the theoretical potential for Seattle’s growth estimated by every news coverage (sprouting off from Amazon and tech ) – I have a few theories too.
Jared used the assessed tax value from 2016 and not the current market value (it’s like
$100 $150K higher PER HOUSE, crazy). The asset rule for our rental properties is “two full years of stable rental income” (according to lenders). AirBnB is raising questions on this because that rule only applies to traditional long-term rentals. Any income-producing real estate is considered an asset and we rent out all of our properties on AirBnB for a small profit (bonus: extra tax benefits!) The general consensus for AirBnB is it isn’t as “stable” as a long-term rental (although one can challenge that).
It’s all a bunch of numbers at the end of the day. We squirreled away $12K cash in June and had a pleasurable month of blandness. We’ll keep squirreling for a few years and see what we want. For now, I’m going to twirl my hair and call it a day.
How’s your June round-up? Any Seattle readers here? Anyone going car-free? Hiiiii. Thank you for reading!