Home > May 2020 Budget Report

May 2020 Budget Report

June 2nd, 2020 at 02:06 am

May was a 3 paycheck month for me so I had a little extra income to work with. I planned that I would transfer in $50 from a sinking fund for a birthday gift. "Buffer" is the starting amount in checking and not much "other" income was expected.

3 paychecks means 3 cash withdrawals during the month. We have been buying groceries mainly in our little town, rather than driving down to a larger town with lower prices but more shoppers. SB and I agreed I would kick in an extra $100 for groceries. However, with gas prices low and not going anyplace but to work and back, I have been consistently spending less cash than budgeted.

I did finally get around to switching back to Ting. So far, all is going fine. I am hoping to enjoy a lower monthly phone expense.

Sinking fund deposits went exactly as planned. Spending from sinking funds included my great-grandniece's birthday gift (just a check for her savings account) and a vet bill for Bella. She had another ear infection. Frown It's a good thing I started tucking a little bit away for her expenses, and now that fund is all but wiped out.

I had planned to send $2,392.57 of extra principal to the 5th wheel loan, and am pleased to report I managed to send $2,564.54.

I have a niece who is very active in cat rescue and she reported on Facebook that she could really use some food donations. So, I purchased $26.13 worth of cat food for her use. (She has a wish list on Amazon, which does make the process simple.)

The month ended with $1,637.60 in checking.

I had wanted to end the month with $1,637.58 in checking. That's my 1k buffer, a $230 sinking funds transfer scheduled for 6/2/20, and my monthly 5th wheel payment of $407.58 which happens automatically on 6/3/20.

All in all, a good month financially. Smile

6 Responses to “May 2020 Budget Report”

  1. mumof2 Says:

    love how you have them all neatly done and you can upload..I can't figure out how to upload anything on here...wish mine was on a computer but everytime I try I always go back to hand written...I find it less time and effort..but it is looking good

  2. terri77 Says:

    Wow, these charts are so cool!

  3. FrugalTexan75 Says:

    Great job!

  4. rob62521 Says:

    Fine job and glad you actually spent less than you had budgeted for in many areas.

  5. Petunia 100 Says:

    Mumof2 - I upload using my snipping tool. Take a snip of whatever, save it as a picture. When you are writing your blog entry, under the box for your text, there are 3 gray boxes. Click the one marked "save and add image", then choose the picture you just made. Click "save as draft". Now a label will appear. It will be a front bracket then "img" then a number then "/img" then a closing bracket. Copy and paste that where you want it to be in your blog entry.

    terri - I would be happy to email you my spreadsheet if you like. You can edit it to suit you.

    FrugalTexan and Rob62521 - Thank you! I have been trying very hard to conserve every place I can so that I have more $ to throw at this loan. I want it GONE, but it won't go without money. Smile

  6. LifeBalance Says:

    I always enjoy looking at your budgets, especially your sinking funds. Thanks for being so transparent.

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