Budget – August 2020

August Budget

Tricky August

I am a few days late to post my August budget. August will be my first full month in Connecticut. The house in Utah is finally rented, and I don’t have my place in Connecticut yet. Not having my own place and regular expenses makes budgeting very tricky. 

Projected Income

My income for August shouldn’t change much. Side jobs are still slow due to the COVID-19, and my full-time job so far looks secure.

SourceAmount($)
Full-Time & Side Jobs $6,500
401K / HSA Contributions $2,820
Rental Income $1,350
Other Income $200
Total $10,870

Projected Expenses

With August being the first full month in Connecticut, I am not entirely sure how to budget for the month. I don’t have my place here, so I don’t have to pay rent.
Overall, this month should be reasonably good as far as the expenses go. The only item I not sure is the cost associated the renting the house in Utah. I still haven’t received any bills from my Property Management company.

CategoryAmount($)
Housing $1,509
Utilities $182
Food/Supplies $450
Personal Grooming/Medical $260
Transportation $1,815
Miscellaneous $200
Rental Management $1,750
Total $6,088

Projected Savings

Amount($)
Total Income $10,870
Total Expenses $6,088
Savings $4,782
Savings Rate 43.99%

Share it with your friends!

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on reddit
Reddit

More Posts

lamb

Networth Update #5 – October 2020

New month, which means it’s time for another Net Worth update. Even with the 75% savings rate from the last month, I expect the overall net worth as I paid a big chunk of money last month as a part of the settlement. Let’s see how how the net worth looks. Net Worth Update Summary

New york

Budget Analysis – September 2020

Income I can’t believe it’s already October. Without wasting any time, let’s jump right into the last month’s budget Source Projected($) Actual($) DIFF (%) Full-Time & Side Jobs $6,500 $7,797 -20.00% 401K / HSA Contributions $2,820 $2,820 +0.00% Rental Income $1,750 $1,750 +0.00% Other Income $200 $112 -44.00% Total $11,270 $12,479 +10.72% Expenses Expenses were

Networth Update #4 – September 2020

Even with the craziness going around, stocks are at an all-time high. Including my contribution, I am up 12.38% for the month. On the first day of September 2020, my net worth is $327,604. I am officially 21.8% to FI. Check out the tables below for details. Net Worth Update Summary Assets Current Month($) Prev.

Budget Analysis – August 2020

Income August was different for me. In the last 13 years, this was the first month I spent $0 on food. Also, the first month in a very long time, I didn’t eat even once. Let’s see how I did in August. Source Projected($) Actual($) DIFF (%) Full-Time & Side Jobs $6,500 $6,225 -04.23% 401K

Say Hello!

Leave a Comment

LET's BE FRIENDS

It’s easy: all I need is your email & your eternal love. But I’ll settle for your email.