I had no idea what to expect for July. With the big move to the east coast, I was expecting a lot of unplanned expenses. I think overall, I did reasonably well. One of my clients paid off an old invoice overdue by months, which was the main reason for more income than expected.
|Full-Time & Side Jobs||$6,500||$6,448||-00.80%|
|401K / HSA Contributions||$2,820||$2,820||+0.00%|
The month turned out to be much better than planned. I didn’t go over in any of the categories. The moving cost was significantly lower than I had anticipated. I used my Chase rewards to book the hotels and mostly at eat cheap lunches to keep my food cost lower. Almost 21% lower than the projected expenses.
One of the items that I had project for this month was the fee for the rental property management company. However, I haven’t received the invoices from the management company, so I am moving those expenses over to the next month.
|Grocery & Restaurants||$450||$200||-55.56%|
|Medical & Personal Care||$260||$180||-30.77%|
Income for the month stayed pretty consistent compared to the last month. However, I had a lot more one time expenses for July than the previous month. I was projecting a low savings rate. However, I didn’t pay the property management company. So, the projected savings rate is a lot higher than what I projected in the Budget – July 2020 post.
It was much lower than my 70% goal but much higher than the projected savings rate.