Income Update - September 2012

September was an okay month for my spending.  I let my expenses creep up higher than where I would like but I was still lower than my average for the year so far.  My minimum expenses for September ended the month at $1,422.25.  This brought my average minimum expenses in 2012 down to $1,528.77.  Total expenses for the month was fairly well under control at $1,565.71 although there's still work to be done, mainly on the required expenses front.  My average total monthly expenses for 2012 is down to $1,703.91.  Thanks to one of my lowest expenditure months on top of my highest monthly dividend total my PRI of $169.13 covered a total of 11.89% of my minimum expenses.  My FI at the end of September was $167.21 which would cover 11.74% of Septembers minimum expenses.  I was surprised to see that my PRI, which is just dividend and interest income, covered almost 12% of my expenses.  That was great to see.  I can't wait until I'm averaging at 12% coverage ratio, which based on September is receiving just under $2,000 in annual dividends.  I like seeing the teal line at the bottom of the graph get higher and higher every month.

*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 assets invested at the 30 year treasury bond yield at the end of each month divided by 12 to get monthly income.

Monthly Income
Category Amount
Paycheck $5,420.26
Expense Check $1,847.24
TOTAL $7,267.50

Monthly Expenses
Category Budgeted Amount Actual Amount Subtotal
Rent $480.00 $480.00
Utilities $210.00 $151.93
Gas $175.00 $135.05
Car Insurance $80.00 $80.00
Groceries $250.00 $234.24
Restaurants $130.00 $127.80
Entertainment $30.00 $20.00
Cell Phone $75.00 $75.00
Other $49.06 $49.06
Miscellaneous $50.00 $112.63
Gifts $0.00 $0.00
Trip $400.00 $400.00
Roth IRA $850.00 $850.00
Emergency Fund $38.44 $101.79
Gifts $50.00 $50.00
FI savings $4,300.00 $4,300.00
Car Maint/Repair $100.00 $100.00
TOTAL $7,267.50


  1. Do you use a pre-made spreadsheet for your monthly expenses that seperates it into minimum expenses, etc? If not, mind sharing a link to download yours to use for my own expense-tracking? I use one that I like but it doesn't quite break it down like yours seems to with different graphs and all of that.


    1. I use my own that I created and then kept adding things as I saw fit. I'll try and get it posted so you can download it after I get it cleaned up a bit. I do want to let you know that it's definitely a customized spreadsheet since I built it as I went along. It might be helpful it might not. If you want you can shoot me an email at and I can send it to you from there that will probably be the quickest since I'll be a little busy this weekend and the early part of next week.

      Thanks for stopping by!


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