Monthly Budget – February Update


Housing 4128.28
Food 386.75
Utilities 654.73
Discretionary 1210.49
Transportation 351.48
Clothing 149.69
Medical & Health 230.2
Savings 3010.91
Total Expenses  $10,122.53

February month was a good month.  We reduced the mortgage principle by paying extra of $1,427.95.  That bring our mortgage balance down to $455,500.  That’s a huge mortgage balance.  But we are intent to follow our goal of paying it down in 15 years or less.

We filed our taxes and received about $3,600.  We saved most of that towards our daughter’s private tuition due in the summer for next school year.

Once again, our taxable savings is phenomenal!

The breakdown looks like this:

Vanguard VWENX 400
Saving 0 2009.09
529 Plan 100
ROTH Vanguard 440
Acorns 61.82
Total Savings 3010.91

We used Personal Capital to track our finances for free. We received a tax refund, as Other income. We also rebalanced and reinvested into other asset class with my wife’s retirement account as Investment Income.

Monthly Budget – January Update

Housing 4198.79
Food 2153.21
Utilities 2078.12
Discretionary 4052.46
Transportation 381.92
Clothing 0
Medical & Health 702.59
Savings 2662.28
Total Expenses  $16,229.37



Our income came to $14,900.54 in January. It exceeded our budget. We had a deficit of about -$1,328.83. Again, that’s mainly due to the water system. We live below our means. So January there was a one-time event that we spent that cause our to go over budget.

Our continued goal is to spend less than what we make every month to build our wealth towards Financial Independence.


I spent the most towards the extra mortgage payment. Back in October, we bought a four br, three bath model home. We are paying this aggressively with $1433.91 of the extra mortgage payment. I know it a lot, but I am planning to retire at age 55, we’d like to rid of this debt, sooner the better. Hopefully, once we build our taxable account, we hope to make a lump sum payment. With PITI, its comes to $2700.33 a month. Anything above that its peachy!


We spent on a new water system softener with reverse osmosis that cost $5K with installation; hence a big amount. It’s rare we spend this much except if we do it’s usually a one-time thing. The next time, it will be a vacation this summer.

The food was high that’s because we took out $1600 to set aside for January and February. Our food budget normally is $800 for on monthly, and yes we go over that amount by few hundred occasionally. Eating out is $183.01 of that.


We included the child care cost of $800 under this category since this amount does not change much. We paid two months in advance for child care cost that normally be around $1200 monthly.

Medical & Health

My wife and I subscribe to a diet program. It’s all about protein and the shakes. You know:-) Together that usually cost us between $63 to $259 a month based on what we need. This price will be steady to around $122 starting in March since we found a cheaper protein shake somewhere else. We also have a gym membership for the family that we pay for $89 a month. Not sure if we plan to continue paying this, but we may not renew it this year.


Of the $381, $349 spent on fuel cost; the remaining were for repairs. We own three cars, two used, and new 2016 Nissan Sentra Sentra used as my daily commuter car. We do have any car payment or any consumer debt.


Here’s the breakdown of our savings for January.

Emergency Fund 100
Savings 0 1428.07
Vanguard VWEAN 700
529 Plan 100
ROTH Vanguard 220
Acorns 114.21


I don’t plan to keep adding more towards our EF. Our goal is always adding to one of these buckets on a monthly basis. Our goal this year is to max the ROTH account. I’m putting at least $110 a week (weekly deduction from Checking to Vanguard VTSAX & VTHR). The savings account is what we used to set aside money for direct future spending; vacation, private tuition, gift, and Xmas fund. We started with $5000 in the account in January. After buying the water system, it’s now $500 balance.

It’s time to refill the bucket once again!

The goal is to have at least $5k saved before the tuition due in July. I just became a member of Acorn last December, so we saved an additional $60 a month. I like the concept, so I hope to keep this for at least a year see how much we can save through rounding.

I found out, I have Sleep Apnea!

In late December, I found out I have severe sleep apnea.  Sleep apnea is common disorder in which you have one or more pauses in breathing or shallow breaths while you sleep. In my case, I’m consider “severe” where I stop breathing every minute.  This explains it all why I have been so tired during the day lately which include taking a nap during my lunch hour at work almost everyday. This has been going on for over a year.

Apnea means “not breathing”. My doctor told me, “I could die in my sleep” if not treated.  At that point, I gasped for more air to breath in trying to understand this diagnosis.  Anyone who has this condition have to have a machine CPAP to help them breath at night–to achieve a well rested night.  That’s what I have been lacking for years, a well-rested at night.  The only problem is most people with CPAP machine use it very little at night because of how uncomfortable they are to wear at night. Most of them give up.  At first, I was anxious to use the very first night. After a week of wearing them, I felt more tired the next day.  That’s because I keep waking up in the middle of the night and have to constantly adjust the strap in my face in order to breath properly (inhale/exhale) Only to take them off most nights.  It’s seems–it hopeless to keep using it if it meant I get more tired the next day.  So I stop using it for a week now.  But then my doctor recommended that I keep using it for at least 5 hours a day, 5 days a week until surgery.

For now, I have to wear it–in case my health insurance wants to know, how often I use it daily. Otherwise, they might not approve my surgery.

What type of surgery?

It’s called Maxillomandibular advancement MMA.  It’s basically cutting  my jaw (top and lower) to move it forward.  It’s a major surgery which will take months to fully heal.

I began researching this procedure and trying to find out more about it, it terms of the negative side effect post surgery and recovery.  It appears there about 80% success rate to cure apnea. Some website have it in 90% range.  I’m cautious, but optimistic.


About Mo-MoneyMan!

Welcome to Mo-MoneyMan!

I hope you will find this site a valuable tool to reach your way towards financial freedom.  I’ll talk about our story and how we got out of debt and how to budget and share them with you.

In May of 2015, we paid off about 43K in debt.  That was a combination of home equity loan, credit cards, car notes, and service time purchase through my work.  What made us realized to pay off our debt was after listening to Dave Ramsey. My wife and I became Dave Ramsey avid listener–that’s when we became aware how much debt we really have accumulated for all 12 years of our marriage. His teaching prompted US to take action to the path of being debt free.

Along the way, we managed to save about $41K in taxable investment through our brokerage account (Vanguard) and saving account.  We used this to pay off half our out debt.  While we used the remaining money we had in our savings.  This created a negative cash flow briefly.  We did not have enough money aside in case of emergency.   So we part ways with my Subaru WRX and sold it for $19,600 and some performance parts that I sold separately. This generated another $1000.

We end up buying a used Hyundai for cash ($3000) that we still own.  It was tough decision to make, but once we were committed, it was the best decision ever! This gave us our 6 months of emergency to cover unexpected expenses $30K.  By August 2015, we have a full funded 6 months emergency, eliminating our consumer debt (except our mortgage), but most of all–the first time of our lives, we control our own destiny and comfortable living.

Hyundai GLS 2002 with 194K and counting.