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Month end totals :(

January 2nd, 2006 at 02:37 am

Ok, so December was a little worse than I thought...I managed to stay way under budget for some things, but went way over on others.
Category Goals Actual
Income 3692 3974.50
Expenses 3400 6095.49 (minus 2773 tuition and we were actually 3322.49)

Groceries 275 480.37 (I have NO idea what happened here - the holidays didn't cost us that much!)
Household 250 165 Smile
Car: Gas 200 154.15 Smile
Repairs/maintenence 200 14.03 Smile
Medical 375 53.35 Smile
Gifts 500 806.08
Clothes 50 74.83
Loans 1200 300.82 - never made that big planned payment towards my student loans as we had to pay DH's tuition instead
Entertainment 150 377.33 (trip to Long Island bumped this one up by $200)
Misc. 200 2956.52 (183.52 is you don't count tuition)

New column: Real estate expenses - I keep these separate from other expenses for tax purposes: $820

I did pay off all of the existing credit card debt, but managed to put another $2k on due to tuition and real estate expenses, as well as a few gifts - although most gifts were paid for by debit card. I will have all my interest-bearing cards paid off during January, but I might let the 0% interest card slide for a month or two. I think I may have to come up with some kind of a system here, as it is so easy to spend a little here or there without realizing how much it adds up. However, I cannot usually get DH to go along with anything like that. He is not a spendthrift by any means, but figures if we have the money, he should not have to account for every penny. We'll see...
I guess I should revise my estimates for next month...I know income will be a lot less as I have no commission checks coming in. Income should be about $2392.
Expenses goal:
Groceries: 300 (I guess I will have to aim a little higher than my original goal and gradually work my way down)
Household: 200
Car: 200 - I will estimate a little higher than last month's expenses since DH goes back to school later this month
Medical: 345 - DH really needs to get his new contacts this month
Clothes: 25 - should not really need anything this month
Loans: 300.25 - 200 for car, 100.25 for student loan. I don't think there will be anything extra this month to pay down the loans with.
Entertainment: 400 - I will have to go a little high on this one due to our trip to Las Vegas. Hotel, airfare, and car are paid for, but we have all of our dinners and gambling expenses Wink
Gifts: No Christmas, no birthdays, no anniversaries, no closings...$0!
Miscellaneous: 150
Real estate: I am going to set aside 100 this month to start advertising...it won't get me far, but it's a start.
Total expenses: $2020.25

Side note: We had a wonderful dinner at my brother's house tonight. We were crossing our fingers that he and his girlfriend would have a special announcement...and they did!!! An engagement - it made our night Smile

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