Expenses for March 2020
I am putting my expense report on the internet as a diary for myself as well as information for the readers of this blog. I track my investments and expenses with Personal Capital. Sign up here and get a $20 Amazon card for free. My side business picks up some of my expenses as you will see in my expense report below.
I’ve been in business for over 25 years in the technology field. I recommend setting up a business as it is a good way to defray some of your expenses. Some expenses your business can take care of are your phone, car, registration and car insurance as well as your health insurance. My primary computer was paid for by my business as well because I use it primarily for business. I work from home now which really helps cut costs.
I live in Arizona where is gets really hot in the summer and it’s mild in the winter. So my electric bill right now is low, but it will get way higher in the summer months. On the other hand my gas bill has been higher in the winter and lower in the summer because we use it for heat. The electric and gas bills are both low right now as the weather is 45 degrees at night and 80 during the day.
My heat and air conditioner are the originals which came with the townhouse since it was built in 1986. I had the heating and air conditioning guy out a few months ago and he says everything is working good so no need to replace things yet. He gave the system a tuneup and cleaned everything. I kept his card on file just in case he is needed in the future. The seer rating on the existing AC unit is an 8 or a 9 the technician said was is a very low efficiency.
SEER stands for “Seasonal Energy Efficiency Ratio,” commonly referred to [incorrectly] as, “Seasonal Energy Efficiency Rating.” A SEER rating is the ratio of the cooling output of an air conditioner over a typical cooling season, divided by the energy it consumed in Watt-Hours.
I am debt free and have been for at least 10 years. I tend to be very conservative. My only vices are eating out and technology. I plan on doing some travel once the pandemic is over. We will see how things go.
My tenant rents a room from me and splits half of the utilities.
Another low expense month. I own my house outright except for the property taxes, homeowners association and insurance. Thinking about it you really never own your house 100% because you have to pay property taxes and in my case the homeowners association to keep up the complex. They do a good job of keeping up the common areas and the pool, even though I hardly ever use it. I think I’ve used it maybe 3 times in the last 5 years. They close it down for 4-5 months out of the year and it’s not heated. The Jacuzzi is heated though which is nice.
Extra Expenses – Out of the Ordinary
The only extra expense I had for this month is the repair of the toilet. I replaced everything inside the tank for about $20. I thank dad for teaching me how to do the odd repairs around the house.
|Expenses for Month of March 2020|
|Home Owners Association||-$58.00|
|Electric – Split with Tenant||-$23.83|
|Internet – Split with Tenant||-$31.50|
|Phone – Business paying||$0.00|
|Car Insurance – Business Pays for||$0.00|
|Food & Entertainment||-$350.00|
|Gas for Car – Business Pays for||$0.00|
|Health Insurance – Business Pays for||$0.00|
|Trash Bill – Split with Tenant||-$8.60|
|Property Taxes – Split into Monthly||-$103.50|
|Property Insurance Split into Monthly||-$41.75|
|SouthWest Gas – Split with Tenant||-$15.27|
|Car Registration – Business Pays for||$0.00|
|Hosting – Business Pays for||$0.00|
|UPS Box – Business paying for||$0.00|
|House Repairs – Repaired Float on Toilet||-$20.00|
My expenses for March 2020 are low this month. Nothing out of the ordinary except for the toilet breaking. Hopefully next month will be as good.