My food budget still seems pretty high considering I'm paying for myself only for most of the month. Groceries came in under budget but the restaurants hurt my overall food budget. Both of these I want to work more on lowering the expenses. Overall I still came in under budget by $20.46, so there's nothing much to worry about and just some extra attention to be paid. Cooking for myself while away at the rig is the biggest issue for my grocery budget. I tend to go for convenience after working because the cooking equipment is different from rig to rig and usually mediocre at best. I really hate having to learn whether the oven/stove cooks higher or lower than normal every time that I change rigs and it's a huge pain to me. I love cooking though so I just need to quit being lazy and do it already.
As mentioned in my April dividend update, I received $67.71 in dividends last month. Counting the $3.62 that I earned in interest, my total potential retirement income was $71.33 for April. Nothing great but it's still money I didn't have to work for. This covered 5.24% of my minimum expenses for April which was a decent amount considering I had a pretty low month of dividends. My FI income, monthly income based on the 30 year US Treasury bond using my net worth excluding traditional retirement accounts, came in at $353.79 based on the 30 year rate of 2.93% at month's end.
*Minimum Expenses are only the expenses related to rent, utilities, car, food, minimum payment on debt and other necessities. In other words, the required amount of replacement income I would need for financial independence.
*Total Expenses are the total monthly outflow of money.
*Potential Retirement Income is income received from dividends, interest, cash back from credit card purchases and any other source of income not related to my job.
*FI is my liquid net worth invested at the 30 year treasury bond yield at the end of each month divided by 12 to get monthly income.
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I've updated my Progress page to reflect April's changes.
How did you do on your budget for the month? Is there anything you're going to focus more on in May due to April's expenses?