October 2018 Spending

Wow! I have been neglecting tallying my spending for the year. And of course, there are consequences. What are the consequences for not tracking your spending? Doing too much spending!

With my spending tallied through the end of October 2018, let’s see how we are doing.

Category Spending Prorated 2017 Delta
Fun! 9,919 11,902 15,281 3,378
Groceries & Hshld Goods 4,500 5,400 7,370 1,970
Home Ownership 3,639 4,366
Transportation 3,402 4,083 4,205 22
Work 3,017 3,620 9,608 5,988
Taxes 2,892
Unknown & Misc. 2,637 3,165 5,438 2,273
Utilities 2,453 2,943 1,776 (1,167)
Exercise 2,399 2,878 1,889 (989)
Medical 2,055 2,466
Insurance 1,674 2,009 1,773  (236)
Clothing 202 243
Pooper 137 164
Total Estimated Delta 11,339

Fun!

We just returned from the most epic vacation of our lives. We went for a month in Southeast Asia, visiting Vietnam, Cambodia, and Thailand – in that order. Visiting these countries had the goal of decreasing our vacation costs – which it did. And if we stay on track for the year, it’ll mean spending less on vacation in 2018 than in 2019 – though not a lot less.

I was hoping we could keep our vacation figures in the four figures for 2018. I’m not sure if we are going to hit that goal for 2018. It all depends on how the rest of the months play out.

Given that the fun category still looks to be one of our big three expenses, it may make sense to analyze this expense in greater detail – looking at data over the last two years to see where we are spending our vacation dollars.

Groceries & Household Goods

This expense looks like it will be lower for 2o18 – in part because I am making an effort to buy more loss leaders, and cheaper goods. But also being out of the country for a whole month helped.

Work

To date, reigning in this category has been successful. Even doing three conferences in fall, I’ve managed to keep this category smaller.

Unknown & Misc.

By being slightly better about tracking spending, I’ve been able to whittle this category down. Knowing where your money goes helps.

Utilities

Utilities blew up for 2018. I wonder if this is simply a function of tracking spending better. i.e. what was once uncategorized is now tracked.

Cashew Butter for your Freedom?

When I was kid, my parents would take their car to the car wash pretty regularly. And being young kids, they couldn’t just leave us at home. So, they took us with them. Of course, as kids, you’re easily entertained. So, we’d wonder the convenience store at the car wash seeking that entertainment.

One thing that drove us absolutely giddy was a fortune-telling machine. The machine would repeat over and over again the same sales pitch: Continue reading “Cashew Butter for your Freedom?”

One Thing a Day

New project: I’m going to list one thing for sale a day. Right now, I’ve got a handful of stuff on Craigslist for sale. I figure that I’ve just got too much stuff – so I want to get rid of some of it. Maybe I can even monetize it!

One thing a day! Getting rid of stuff will help me have more money, more space, more freedom, more flexibility.

I’m dreading the day we have to move. We just have so much junk.

So, that’s it: one thing a day is being listed for sale. Hooray!

It’s About the Process

I was listening to a Financial Mentor podcast recently. (I’m remorseful that I can’t link the exact episode because I can’t remember which episode it was.) The guest – as well as the host Todd Tresidder – were in agreement about the importance of the process – and not the end goal. (For Todd, the process is about building wealth.) And I couldn’t agree more about the importance of the process. That’s because focusing Continue reading “It’s About the Process”