Life in Transition

Navigating Personal Finances During Life Transitions

Spending Update: Apr-May 2012

I’m a little behind on a lot of things, but I finally finished tabulated my April-May spending

Projected Monthly Income: $2800.00
Actual Monthly Income: $3088.95

Category Budgeted Actual Difference
Housing $700.00 $777.16 -$77.16
Tithe $280.00 $300.04 $20.04
Transportation $195.00 $180.84 $14.16
Health Care $120.00 $149.26 -$29.26
Food $180.00 $176.57 $3.43
Roth IRA $250.00 $250.00 $0.00
Targeted Savings $310.00 $354.00 -$54.00
Clothes $45.00 $90.20 -$45.2
Entertainment $80.00 $72.71 $7.29
Miscellaneous $150.00 $231.62 -$81.62
Tax Withholding $450.00 $490.64 $40.64
Total $2,760.00 $3073.04 -$313.04

I got married during the pay period, and my husband and I moved into our new place.  Even though our new apartment is free, we still have a few months left on the lease, so we will still be paying rent, utilities etc.  For all the other catagories, I pretty much just made up a number, hoping that the total amount of money spent is less than my paycheck.  Hopefully after a few months, I’ll have a better idea of how much money to allocate in each category.

The bulk of the extra money spend went towards buying new things for our new apartment.  Luckily, I ended up having a larger paycheck than expected so cash flow wise, we were still in the black.

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8 thoughts on “Spending Update: Apr-May 2012

  1. Good job on the spending! There are phases in life when it’s difficult to project what things will cost. I think you did well. (And you did better than I did on food for the month — I went over, not by too much, but I was trying to stay under. Well, there’s next month for that)

  2. That budget worked out pretty well! Much better than my soon-t0-be-posted budget disaster.

  3. Congrats on your marriage btw! That is fantastic and I wish you both very good luck.

    one quick note. 354-310=44.

  4. Congrats on getting married!

  5. That’s not bad at all considering you just got married this month. After you get in a groove you will be able to pinpoint your numbers a little better. Still pretty good.

  6. Yay! Congrats on getting married. That’s a wonderful experience!

  7. What’s up, just wanted to tell you, I liked this blog post.

    It was practical. Keep on posting!

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