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January 2016 Budget Report

January 31st, 2016 at 11:48 am

I'm very glad to be back to tracking my spending closely. Getting away from it makes overspending even easier. Here is my budget report:



Wages: A bit short because I budget based on 11 day pay periods. However, the occasional 10 day and 12 day pay periods do happen.

Rent: I agreed with SB that he would not pay rent on 1/5 as he had one last set of utility bills at his house to pay.

Other: Includes my state income tax refund, part-time job income, credit card rewards, and interest income.

Mortgage: January's mortgage payment was made in December.

Groceries: We supplemented meals heavily with what was already in the pantry. Sweet!

Utilities: I paid my gas bill twice. It used to be due around the 15th, but now is due on the 7th. In January, the first business day was the 4th. That did not leave much time for the electronic payment to arrive on time. I decided to pay a second time in January, so I don't have to worry about that happening again.

Savings: Happy to be over budget on savings. Smile

Car payment: Happy to be over budget on car payment. Smile

Cash Allowance: Trimmed it because I knew I was over elsewhere.

Gasoline: Has gone up now that J has a part-time job in a nearby town. However, J is now saving for his own car insurance. Recently, he got a friend to teach him how to change his brake pads as they needed changing. He paid for the parts himself. What a good kid. Smile

Everything Else: $822 is for car insurance. $596.08 is for medical co-pays. If not for those, I would have come in at budget.

All in all, I am pleased with my spending for January. Since my car is now paid in full, I will re-direct that $350 into savings. Extra bits of income will also be re-directed into savings.

2 Responses to “January 2016 Budget Report ”

  1. livingalmostlarge Says:

    congratulations on paying the car off.

  2. FrugalTexan75 Says:

    Doing well!

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