In February, my husband and I earned a combined income of $4,934.26.

Living Expenses

Our expenses were as followed:

Living Expenses: $811.86

Irregular Expenses: $57.45

Minimum Mortgage: $931

Minimum Credit Card: $219

Our expenses totaled to $2,019.86. That was 40.94% of our income.

Extra Debts Payment

We paid extra toward our debts as described below:

Additional Principal: $1,845.68

Extra Credit Card Debt: $418.95

We paid $2,064.63 extra toward mortgage and credit card which represented 45.90% of our income.

Business Capital Contribution

We invested $500 in our ventures. That was 10.13% of our income.

Grocery Expenses

We took $210 cash out for groceries ($150 for food and non-food, and $60 for fruit) for our household of 7 including 4 adults and 3 kids.  That was $52.5 a week or $7.5 a person per week. That was $1.10 a day a person. We have vegetables and meat in our freezers.

We spent $237.25 in groceries as follow:

Food: $117.41

Non-food: $17.03

Kids: $27.91

Fruit: $17.58

Meat: $ 57.32Please don’t hesitate to join us by registering on our website to be added to our contact list. We want to interact more with you this year. Therefore, we would be glad to add you to our subscribers to my contact list. Please join us and let’s make our financial goals come true together! https://ninasoap.com/membership-join/

We didn’t plan on spending much money on meat but pork chops were on sale for $0.99/lb. and we spent a part of the grocery budget to purchase it. Also we purchased fried chicken from a grocery store for about $26 which is not usual for us.  We didn’t spend much in fruit partially because there was not much fruit on sale and also because we had apple in the fridge that we snacked on. Last week of February, grape went on sale at Aldi for $0.99 a pound. We purchased $16.46 worth of grape.

Even though we went over grocery budget, we used money we saved in groceries from prior months for the excess without affecting our bank account.

Regardless of our tight budget we continue to reduce our expenses to free money to pay off our debts.

Frugal living is great but to build wealth we want to create streams of income and rental real estate in one of them.
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