Life in Transition

Navigating Personal Finances During Life Transitions

Spending Update: May-June 2012

At an initial glance, May-June looked pretty good; it looked like I went under budget.  The problem was that I had overestimated my income.  I was almost $200 off!  I forgot to take into account the unpaid vacation days I took during the last pay period. My husband got his first paycheck so that is included in our total income, though I forgot to include it in our projected income, which turned out to be a good thing.  About half-way through the month I realized that my paychecks were not going to hit the $2400 mark, so I was able to curb some spending for the rest of the month.  Most of my savings came from taxes, since I guess I was a bracket lower than usual.  I ended up “borrowing” a small money from my Christmas fund to keep me from spending more than my income.

Projected income: $2400.00                                            Actual Income: $2203.90


Category Budgeted Actual Difference
Rent $500.00 $500.00 $0.00
Tithe $240.00 $219.00 $21.00
Taxes $400.00 $230.85 $169.15
Cell Phone Bill $45.00 $43.00 $2.00
Gas $72.00 $52.99 $19.01
Car Insurance $100.00 $72.00 $28.00
Groceries $250.00 $246.80 $3.20
Health Insurance $99.04 $99.04 $0.00
Car Maintenance $30.00 $44.00 -$14.00
Doctor’s Appointment $70.00 $0.00 $70.00
Personal Care $25.00 $27.29 -$2.29
Home Supplies $10.00 $47.06 -$37.06
Medication/Contacts $130.00 $151.70 -$21.70
Roth IRA $150.00 $150.00 $0.00
Emergency Fund $75.00 $75.00 $0.00
Christmas Fund $35.00 $31.21 $3.79
Entertainment $178.00 $187.24 -$9.24
Miscellaneous $0.00 $25.90 -$25.90
Total $2,409.04 $2,203.08  $205.96


My lease to my apartment ends Jun 30, so I made my last rent payment.  Hopefully, there will be no more rent checks for awhile, which means that about $500 will be freed up in our budget.


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8 thoughts on “Spending Update: May-June 2012

  1. What did you guy do for your entertainment category?

    An extra $500 is going to be great! Do you already have a plan for where it will go?

    • Most of it went towards eating out, which really adds up with two people. We also put redbox rentals, books, hobbies, tickets, etc. We’re planning on splitting the $500 towards the dental tuition fund and our new vacation fund.

  2. on said:

    Within 10% of your budget? I’d say that’s not bad at all! Nice work.

  3. Nice work!!!! Yay for an extra $500!

  4. What are you guys planning to do after your lease expires?

  5. +$500 is going to rock! Enjoy it. I’m glad to see you plan to use it to achieve some school/life balance. Especially as so many people graduate from long, expensive professional programs then feel like they “deserve” things or like they need to keep up with the Joneses in their field who have been working for years. Hopefully your fun money now will help you get through the years ahead and to not go crazy once you have a bigger income.

  6. goltromax on said:

    Thank mate for sharing with our monthly budget. I’m happy to see that spending on your Car insurance policy. Actually taking car insurance policy is wistful task.
    auto insurance

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