That’s right fellow bloggers, it’s time to see where this debt puncher spent his money for the month of April. Although I ended the month spending more than I brought it in, I got to say I’m still quite happy. I’ll break it down for ya’ and let ya know why.
Explanation of Income:
Gift: This is money that I wasn’t expecting to get that fell my way. Bringing in a cool $500 this month was again a pleasent surprise and went directly towards paying down my school loan. Heck yea!
Salary: My take home pay from the day job. I get paid every two weeks, so twice a year I get an extra paycheck for the month. May and October is when this joyuous occasion takes place this year. This amount is after my 8% contribution to my 401k plan, insurance, and all that other pre-tax stuff.
Tutoring: Something I do in my free time to make a little extra cash flow. Brought in a pathetic $140 this month. It’s probably the smallest income I have had in this category in the last year and a half. Part of this was to due to the loss of some tutoring jobs, as well as spring break for the high schoolers. Hopefully this number gets back to the $500+ range next month.
Explanation of Expenses:
Auto: Any maintenance and fuel costs associated with my car or motorcycle. This category excludes vehicle insurance. Loving the motorcycle and work vehicle, ’cause I only had to pony up $52 this month for gas! Is that less than you?
Charity: $100 to Klove radio (a christian radio station I support). Sometimes ya just feel like you should do something out or the ordinary. Well in April, I felt a tug on my heart to support a non profit organization I have been a part of for six years now. Dropped a G for charity and don’t regret it one bit. Afterall, it is tax deductible
Dining: The dollar bills I be droppin’ when I take my lady on a sweet date (or when I’m alone and craving a tasty burrito). $114 this month is a little on the high side, but part of this was becuase it was the girls birthday so I had to take her out for a fancy dinner 😉 She’s worth every penny.
Gifts: Any money I spend on someone else. $154 bucks in April. $60 of this was for wedding gifts for married friends. The other $94, was a bike I bought from Wal-Mart for my girls b-day…I returned it a few weeks later, so this was only a temporary expense, but nonetheless it still showed up on my April credit card statement. And in case you’re wondering…I got her a better bike from a different place.
Groceries: Any food that I buy from a grocery store. My goal is to keep my dining and grocery expenses at about $250 each month. $153 at the grocery store is a reasonable number. Combine that with my $114 dining out bill and I was just a little bit over budget this month.
Insurance: Includes car, motorcycle, and renters insurance.
Interest expense: This is my school loan . I have a monthly obligation of $178, but I decided at the end of March, after some wise words from you PF bloggers, that I needed to throw at least $1K at Sallie Mae each month. I used the $500 gift that I got + my required $178 payment + My extra $1,000 payoff and dropped that bizznatch $1,678 in April!
Misc: This $115 bucks was for a tuxedo rental for my buddies wedding. Sometimes it’s expensive to have friends, but well worth it at the end of the day. The wedding was epic!
The overall total at the bottom is the cash I had leftover after all my expenses. I’m rocking the negative $929 cashflow at the end of the month with pride. Why? Because I had a phenomenal cash flow in march and used some of that savings to pay down debt and donate money to a good cause. For those that panicked and thought I was spending outside of my means….don’t you worry, I’m sticking to my gameplan. April was a good month and I’m excited to see where my May expenses will end up.
* Are you wondering why I post the previous month’s expenses a couple weeks late? I use quicken to track my spending and my credit card can’t autosync. I have to wait until the end of the billing cycle before I can download those transactions in to quicken. My credit card statement is towards the end of the month. I know I could manually add each expense, but I am entirely too lazy for that. Thanks for checking in and if you got any comments, tips, or advice I’d be more than happy to hear it. *