March was a wonderful month, but the most expensive so far. Moreover, I’ve a problem with the tax deduction from my gross basis. I really don’t know how to deduct a sum, I don’t really know, but a year after? This is frustrating, as I’ve to pay more then $3666 in tax in march and april. This is nearly twice as much, as I had anticipated and deducted all months before on the balance sheet(one third of this quarter payment). So what now? I’m tending to stop writing about my income/expenses because of this fact. The numbers are not correct otherwise. I’ll still track my income/expenses every month for myself to control the costs. Maybe for the blog, it only matters how much I can transfer to my broker account? What do you say?
(assuming €:$ 1:1.07 currency exchange rate )
|Day Job Paycheck||$4550|
|Saved Net Income||-11%|
When I subtract the tax obligation of $1780 from the income and expenses, it would be something like this:
Saving rate: -20%
So what about the rest of the cost explosion? I had to pay the tax consultant for closing a company and preparing the tax forms for 2013, which costs me about $912.
I bought some expensive gifts for my girlfriend, we made two weeks of holiday which includes one week in beautiful Italy and one week with my family in Germany. I went shopping and bought me some nice clothes($364). I agree – this has absolutely nothing to do with frugality and I will be more then frugal in the coming months!
Again I contributed nothing to my account.
Again, I bought into ARCP after reading their business update and found no additional frauds or risks other than the coming costs of class action law suit settlement fees, forensic accounting/legal fees, etc. And I anticipated the reinstatement of the dividend end of march. Looking back now – this was a mistake! Why didn’t I learn and waited for the actual reinstatement?
And I bought another REIT, this time one which is indeed paying a dividend and doing so for the last 29 years! HCP one of the biggest healthcare REITs available.
And again I added to energy with a new position in Shell!
I earned $228.82 in dividends this month! Wow nearly as much as december!