By the numbers
I just spent three days organizing the bills. Three days. No sunlight, little sleep, and lots of sugar. I hadn't updated the bills in four months, and trying to catch up was a nightmare. Hopefully I won't let that happen again.
Some interesting statistics:
- Room nights sold in August: 16
- Occupancy percentage in August: 13%
- Occupancy rate required to break-even: 27%
- Target occupancy: 40%
- Room nights booked for Septemer: 13
- Bank fees (including credit card interest) in August: $1,120.62
- Bank fees accumulated over the previous eight years: $1,192.90
- Amount spent on "entertainment" in August: $8.88
- Amount spent on "entertainment" in July: $14.82
- Percentage of income to expenses: 615% (meaning we spent 6 times more than we made, every month, for the last 18 months)
- Percentage of income to expenses before the renovation: 28%
- How far over budget we are: Budget? What budget?
| Percentage of costs to date | |
|---|---|
| Existing farm debt | 8.12% |
| Interior Paint | 6.42% |
| Septic | 5.65% |
| Electric | 5.53% |
| Furniture | 4.93% |
| Roofing and Gutters | 4.75% |
| Finish carpentry | 2.77% |
| Windows | 2.70% |
| Materials | 2.48% |
| Masonry | 2.39% |
| Interior Demolition | 2.22% |
| Floors | 2.14% |
| Exterior Finish Carpentry | 2.13% |
| Interior Framing | 2.06% |
| General Conditions | 1.85% |
| Plumbing Fixtures | 1.72% |
| Farm maintenance | 1.68% |
| Driveway | 1.62% |
| Plumbing | 1.58% |
| Workshop | 1.49% |
| Landscaping | 1.38% |
| Heating | 1.36% |
| Septic Permit | 1.29% |
| HVAC | 1.25% |
| Kitchen Cabinetry | 1.03% |
| Exterior Paint | 0.93% |
| Security System | 0.86% |
| Retaining wall | 0.76% |
| Other | 26.91% |

Our life's savings, as a pie chart












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