PoP Income Statement – June 2015

Welcome to our June 2015 Income Statement!

A crazy beautiful sunset in the neighborhood one night. The picture doesn’t quite do justice to the intensity of the colors…


Mr. PoP and I put these income statements together for two reasons. First, we want to be transparent about our finances because we’re trying to be role models for other people who are trying to plant their own pennies (and end up with dollars someday!). Second, we do this to make sure we’re on track to meet our own long-term goals. If you’re not tracking your income statement and balance sheet, we highly recommend you start using a program like Mint to keep track of it all.

On the surface, June was a month of crazy high spending for us, where we shelled out over $9,000 in personal spending in just 30 days.  But we’re not worried about it this time.

Nearly half of that amount was me ordering tile for the entire house (something we hope to never do again), and then another couple of grand went into the kitchen on top of that, too.  Ya know, for walls, a ceiling, and some other stuff. Nothing important or anything.  =)

Netting out the kitchen stuff, our personal expenses were just $2,754, well below where we’re aiming to be on a monthly basis (excluding the kitchen) this year, despite it not feeling like a particularly austere month.  So that’s a positive.

Here are the numbers…

The Bottom Line

  • Earnings before principal paydowns and savings allocations of $14.  Yup, that’s it.  Big month.  =P

And here are the details…

Continue reading PoP Income Statement – June 2015

Our New Tile Epitomizes Much Of Our DIY Experience

Low quality tile and an even worse install job.

Low quality tile and an even worse install job.

Six months past the official start of this grand kitchen renovation project, I just placed the order for our tile. It’ll be another month or so until it arrives at our door. This isn’t really what we had in mind in terms of our original project schedule.  Originally Mr PoP was planning on taking this week off of work in order to do some long stretches of installing tile. But as we keep learning again and again, part of DIY-ing is accepting that no matter how much you plan, you’re unlikely to be able to stick to that plan 100%.

Our Search For The Right Flooring

Continue reading Our New Tile Epitomizes Much Of Our DIY Experience

I Have No Idea How Much My Spouse Earns… And I’m Cool With That

As long as you earn enough to keep the kibble coming, we're good.

As long as you guys earn enough to keep the kibble coming, we’re good.

According to a recent study by Fidelity, 43% of couples don’t know how much their partner earns.

“While the majority of couples (72%) say they communicate exceptionally or very well, more than four in 10 (43%) failed to correctly identify how much their partner makes.”

I’m not 100% of the wording of the question that generated Fidelity’s result, but I’m pretty sure that I’d count us among the 43%.

But unlike the undercurrent in Fidelity’s report (that this is a sign that we’re not on the same page financially and will impact our expectations and preparations for retirement), being in the 43% on this doesn’t really concern us. We genuinely don’t think the lack of insight into our spouse’s earnings is indicative of us not being on the same page financially in the least. And we don’t think it should be for most people.

So About That Wording…

Continue reading I Have No Idea How Much My Spouse Earns… And I’m Cool With That

Happy Friday – It’s A Miracle (Berry)!

Miracle Berries!  (Not a picture of my plant...)

Miracle Berries! (Not a picture of my plant…)

Nearly a year and a half ago, I mentioned on our February 2014 Income Statement post that the best purchase made that month was a small Miracle Fruit cutting that I picked up at a local Tropical Fruit club sale.  That purchase is paying some happiness dividends these days.

I first tried miracle berries about eight years ago on a visit to the Fruit and Spice Park, an awesome botanical garden in Homestead, south of Miami.  Back then, I saved the seeds of the berries that I ate and tried to grow my own plants so I could enjoy even more miracle berries.  Sadly, I failed.

What Are Miracle Fruit?

Continue reading Happy Friday – It’s A Miracle (Berry)!

Mint – Keeping Track Of Our Finances In 15 Minutes Per Month

Know what that is? A ceiling! Walls to follow soon. =)

I’ve been getting more questions lately about the mechanics of how we keep “such meticulous” (kindof sarcasm since I don’t think it’s particularly meticulous) track of our spending and balance sheets. This is the first post in what may become a short series on how we use Mint and other financial tools to keep us informed about our finances with minimal effort.

Every month when we publish our income statements and balance sheets, we inevitably hear from readers incredulous at the amount of detail that we know when it comes to our finances, and convinced it must take forever or that I must be absolutely obsessed with our budgets and spending to be able to compile all that information. But that’s just not true at all. In fact, though Mr PoP and I used to do weekly and monthly check-ins on spending together, we’ve fallen off the wagon there and are spending less time than ever thinking about and tracking our spending. (We’ve kindof got other things on our mind – like putting up walls and a ceiling!)

We’re not at an anything goes point in our spending, and our frugality isn’t so ingrained that we don’t ever need to think about it. We’ve just got it streamlined so well it probably takes less than 15 minutes per month. Total. Here’s how we do it.

Use Pockets Of Time To Categorize

Continue reading Mint – Keeping Track Of Our Finances In 15 Minutes Per Month