Each month I’m going to try and post a list of my monthly expenses. This may or may not be of interest to my readers (sorry if you find this boring). If nothing else, it will allow me the opportunity to look back and see how my spending habits have changed over the long term. So here it is full disclosure baby… this is where my February cash flow went…
Explanation of Income:
Gift: This is money that I wasn’t expecting to get that fell my way. $500 this month was a great little bonus. I’m always stoked whenever this row is bigger than zero!
Interest Inc: Any interest that I may collect from investment/savings accounts. I’m a little creeped out that it worked out to $6.66 this month. Dear, Satan, please stay away from my bank account 🙂
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.
Tax Refund: Self explanatory. (This was my Federal refund)
Tutoring: Something I do in my free time to make a little extra cash flow. This income varies widely from $200 to $1200 a month. At $772 I got no complaints.
If anyone wants to contribute money to any of my income categories, I wouldn’t be opposed, as all gifts are accepted….haha.
Explanation of Expenses:
Auto: Any maintenance and fuel costs associated with my car or motorcycle. This category excludes vehicle insurance. I’m telling you that motorcycle saves me some green…even though it is kinda dangerous.
Cash: Any cash withdrawals from an ATM.
Charity: $300 big ones split between a Christian Radio station I listen to and my church.
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)
Gifts: Any money I spend on someone else. In case you didn’t get the memo, February was Valentines Day so spending was a decent amount higher than normal months.
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. I get really happy when I am under that amount, like this month!!
Insurance: Includes car, motorcycle, and renters insurance.
Interest expense: This is my school loan . I have a monthly obligation of $178, but as mentioned in my other posts, I pay about double that each month. I took the $330 I normally put towards the loan and combined it with the $500 unexpected gift to take a small chunk out of my $25,000 balance. It wont be long till I kick Sallie Mae to the curb. Booya!
Reimbursement: This category gets a number put in it when I send the mob to go collect any money people owe me.
The overall total is the cash I had leftover after all my expenses. This goes straight in to my online savings account and, either stays there, or gets put in my Roth IRA.
Sooooo, this is where my money goes. I try to keep it in line with my spending plan a.k.a da budget. February was a pretty darn good month and I didn’t really break the bank in any one category. Keepin’ my life in order is super important to me and I love knowing where every dollar I made goes. Kinda weird to think you don’t know what I look like, but you know how much money I spent on household items in February. Does that make you creepy? Or me?