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June totals

July 11th, 2006 at 03:05 am

Wow, now that I can check my net worth on Yodlee every day, I am not so anxious to get my monthly totals done. I just got to today - 10 days late - and realized I never did it for June. Here are my projected expenditures compared to actual.

Groceries: 275 -> 293.31
Household/Cell: 240 -> 89.76 (I still owe my mom about $160)
Car: 275 -> 292.20 (that's the closest I have been in a while!)
Medical: 40 -> 30
Clothes: 20 -> 7.79
Loans: 300.36 -> 350.36
Entertainment: 100 -> 66.69
Gifts: 160 -> 123.45 (due to some creative regifting)
Miscellaneous: 100 -> 187.36
Real estate: 50 -> 0
School: 1493 -> 1537.40
Investment: 100 -> 100
New category: Cash withdrawals -> 286.50 ($6.50 being fees)
Total expenses: 3078.32
Estimated take-home income: 1768.54
I ended the month with $650 in credit card debt, $400 of which I have already paid off. The remaining $250 will be paid off before the due date of 8/1. That means I still took a few hundred out of savings, something I might just have to get used to until DH is out of school (5 more months!). Overall, I am pleased that most categories came in under budget, and that my two big budget breakers (gas and groceries) were very close. I keep toying with the idea of going to the envelopes system for groceries, miscellaneous expenses, entertainment, etc. (I wouldn't do it for gas because I use my reward card) - but I don't think I am ready to take the plunge just yet.

A few goals for next month:
1. I made four grocery runs for $15 and under (in other words, quick trips to the store for only a few things). This is a waste of gas, time, and money. I want to cut out these small runs between the big shopping trips.
2. I need to cut back on gas consumption too. I have not even made an effort in this area, but $300 on gas every month is ridiculous. It will be hard for me to do this, since we live in a rural area close to nothing. If I can cut out one or two unnecessary trips per week, it might make the tiniest of dents Smile
3. No more ATM fees! (although I can blame Dh entirely for this one, since our bank is across from my work). Dh and I recently came into some cash as a result of our garage sale and going to the farmer's market to sell blackberries. We are going to see how long we can live off of this. And when we do need to go to the bank, we need to go to OUR bank and plan ahead. Sure, it's only $6.50, but it was MY $6.50 that the banks now have.

Goals for next month:
Groceries: 275
Household/Cell: 409 (two months of household expenses to my mom plus one month of cell phone)
Car: 300 (I have to up this because DH is back at school four days per week this semester - a 45 minute drive)
Medical: 15
Clothes: 20
Loans: 300.36
Entertainment: 75
Gifts: 200 (four graduations, one wedding shower, and ds1's third birthday!)
Miscellaneous: 150 (our puppy is going to the vet)
Real estate: 0
School: 2886 (summer tuition due, um, today!)
Investment: 0 (I have asked DH to postpone this for a few months as we could better use the money now!)
Cash withdrawals -> 160, no fees!
Total expenses: 1904.36 without tuition, 4790.36 with! I am not counting tuition in this months expenses because I plan to pay it with next month's commission checks (or, worst case scenario, emergency fund). It will go on the credit card for this month.
Estimated take-home income: 1893 (counting garage sale and farmer's market income)
Well, it will be tight...that's for sure Smile

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