With the beginning of the month comes my alternative income update. This month, the magic word is “perspective.” Last night, my wife’s car got broken into. Our Magellan GPS was stolen – a loss of about $400. There was $300 worth of damage. Her “emergency” $20 bill was stolen as well. Insurance will cover some amount of this, but a $500 deductible doesn’t make it really worth much. So keeping this $720 loss in perspective, I more than balanced it by making $817 after my estimated taxes. That’s a little over $100 more than I earned last month when I made $712 via side businesses, interest, and dividends.
I went to look at my necessary expenses to see how much $817 would cover. It’s a little shy of my houses expenses of $1049, but it’s enough to cover my transportation, HELOC loan, groceries, internet & cable, gas and electricity, cell phone, property insurance, water, and home phone and still have some money left over. It’s important to note that I’ve halved all these expenses as in the past my fiancee covered the other half. Now that we are married, I should update the necessary expenses to represent our total costs. However, I’ll save that exercise until October when my alternative income quest turns one year old.
Here’s a page where you can track all my Alternative Income Stream progress. I will update it with this month’s final stats when I get from vacation.