It’s my favorite time of the month again. I get to take a looksey at where my May cash flow came from and went to. It was a historical month for me as this was the first time I have brought home over $5,000 in one month. Can I get a booyah!? Welcome to my May expense breakdown…
Explanation of Income:
Gift: Fudge, no gift money this month 🙁
Interest Inc: My online savings account is nothing to brag about, currently at 1.4%, but I’ll take the free $16.33 in interest any day.
Salary: My take home pay from the day job. I get paid every two weeks, and the main reason I broke $5K in income this month was….drumroll please….I got three paychecks! I freaking love it. I budget my expenses around two pay periods per month, so when I get the third it makes life freakin’ awesome. I get to look forward to this joyous occasion again in October.
Tutoring: Something I do in my free time to make a little extra cash flow. Brought in a righteous $899 this month. It’s one of my best tutoring months ever. Primary reason for this…the school year is ending and those little tykes needed some extra prep before finals. Sadly, summer time is here and that means no more tutoring 🙁
Explanation of Expenses:
Auto: Any maintenance and fuel costs associated with my car or motorcycle. This category excludes my vehicle insurance. I love having a motorcycle and a work vehicle ’cause I basically never have to go to the gas station. I got no complaints at $53 this month.
Charity: $100 to Klove radio (a christian radio station I support). I signed up in May to have an auto-tithe charged to my credit card each month at my local church, but those little buggers didn’t take my money. I emailed back and forth with a couple people and they didn’t know what was going on (they’re looking in to it). I just recently decided, however, I am goinna bring it back to the caveman days and write them a check instead.
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). $126 this month is a little rich for my blood, but it was the gf’s college graduation so I had to take her out to a nice dinner. Consider part of this $126 a “long term investment.”
Entertainment: Nothing too exciting, just $6.51 wasted on crappy tennis balls. You can read my bitter experience here.
Gifts: Any money I spend on someone else. 189 bucks in May. The majority of this expense was a bike I bought from an awesome bike shop in San Diego for my gf’s birthday. I originally bought a bike from Wal-Mart, but the thing was a piece of junk so I returned it. Although I spent a bit more at the second place, I was able to support an epic local business.
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. Droppin’ $86.94 at the grocery store is definitely on the low side for me. I was on a business trip the first week in May, so as much as I wanted a home cooked meal it wasn’t gonna happen.
Insurance: Includes car, motorcycle, and renters insurance. Sometimes I just want someone to steal something from my apartment so that I can actually use my renters insurance and feel like I’m gettin’ my money’s worth. Anyone have similar feelings?
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’m contiuning to kick Sallie Mae in her nuts as I brought her balance down another $1,004 this month.
Travel/Reimbursement: These two go hand in hand. My travel expenses were $650 which included meals, hotel, transportation, etc. My total reimbursement was $739 so I walked away with an extra $90 in my pocket at the end of the week. I may be heading to Texas here in the next week or two, so I might walk away with some extra change yet again.
Investment: You know I had to be a good little boy and throw in another $1,500 towards my Roth IRA. To date I have funded $3,500 of the $5,000 I am allowed for 2009. I was pretty lucky to contribute just a couple days before the stock market shot up like crazy. Definitely helped my overall portfolio out just a smidgen.
The overall total at the bottom is the cash I had leftover after all my expenses. I’m stoked on having $1,281 of discretionary income. Esepcially after throwing $1K at my student loan and $1.5K at my Roth IRA. May was an excellent month for me and it all came from a little hard work tutoring and getting that sexy third paycheck. I’m totally motivated to continue increasing my income without increasing my spending.
* Are you wondering why I post the previous month’s expenses a couple weeks late? I use quicken to track my spending and I have to wait until the end of the billing cycle before I can download these transactions. I know I could manually add each expense as it comes, 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. *