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Monday, January 6

My Frugal Miser - December 2024 Expenses

November and December are usually the most expensive months for me.  Since I don't have a mortgage, I pay my property taxes out of pocket.  I'm optimistic that January will be significantly more frugal.

  • I spent over $300 on gas.  We took a road trip to visit family (over 2,000 miles) AND I started driving rideshare again.
  • Spending on food is utterly shameful.  Blame that on the holidays, as we had several restaurant meals during our road trip and I paid for others' meals a couple of times.
  • I bought an Amazon gift card because Discover card was offering 5% cash back.  I divided that between House Expense, Clothing/Personal Care and Food.
  • Bank Fees were for the fees I paid to use a credit card to pay my property taxes and the quarterly tax payment.
  • Speaking of which, I paid $3,000 towards my 2024 tax liability.  Hopefully I'll get some of that back when I file my taxes.

Fun

We love adventures.  Spending on experiences makes us better humans.  
  • We decided at the last minute to see Patti Labelle.  I bought same-day discounted tickets on Stubhub.
  • I bought our alcohol-substitute powder (U Relax) and our AMC A-List subscriptions.
  • Some of our fun spending was offset by the Chumba Casino sweepstakes and the annual credit on my Chase Sapphire Reserve card.
$330 Auto (service, gas, insurance, AAA, etc.)
$225 Bank Fees (annual fees on credit cards)
$626 Clothing/ Personal Care
$85 Fun (vacations, movies, gambling, alcohol, concert tickets)
$1,087 Food
$334 Health and Dental
$1,148 Household/Home Repairs
$477 Unreimbursed Job Expense
($1,898) Reimbursed Job Expense income this month
$0 Interest Expense
$488 Miscellaneous (cat sitter, gifts)
$9,634 Taxes
$325 Utilities 

Saturday, January 4

My Frugal Miser - How I Did On My 2024 Goals

  Every year I set a few goals to keep me on track.  In 2024 I published goals in 4 categories:

Financial

  • Increase Net Worth by $100,000
    • Results:  Net Worth increased by $148,000.  Exceeded!
  • Invest 30% of gross meeting income in index funds
    • Results:  Achieved!
  • Invest 10% of gross meeting income in more aggressive investments
    • Results:  Achieved!

Health

  • Exercise at least 5x/week.
    • Results:  Achieved!
  • Lose weight.
    • Results:  Failed.

Simplify

  • We have owned two mopeds since 2012.  They don't run.  It's time to either repair and use them or get rid of them.  I'll do that in 2024.
    • Results:  Failed.
  • I would like to eliminate 30-50 pieces of clothing in 2024, and remove at least 2 items per week from the house.
    • Results:  Semi-Success.  I didn't track the count but made several trips to the local thrift store donation drop-off area.

Have Fun, On a Budget

  • I will limit spending on Fun to $5,000 in 2024.
    • Results:  Achieved!  I spent $4,248.
  • I would like to take a few short getaways using points and miles to places I've never been.
    • Results:  Neutral.  We visited Huntsville, AL for a music festival.  I'd been there before but never for fun.  We also took a trip to Asheville in July and had an amazing time, but have been there before.  Lastly, we visited New Orleans and took a cruise from there.  Again, not a new city, but was a fun trip.
I am happy with the goals I set and the progress I made.  If I hadn't set these goals, I would not have achieved some of them.  For example, it took a lot of discipline to invest 40% of my meeting income each and every month.  Knowing I was tracking it - and publishing my progress - kept me accountable.  How did you do with your goals?