ok I went way over again on my dining out, I just can't get this under control. I also treated myself last month (clothes) so nothing new this month or the next and I also bought way too many gifts. Here are my totals:
Monthly income and expenses
3/1/2007 through 3/31/2007
Income
Income/Interest $1.44
Other Income
Gifts Received $130.00
Other Income - Unassigned $79.40
Total Other Income $209.40
Refund $122.45
Wages & Salary
Wages & Salary - Unassigned $2,693.01
Total Wages & Salary $2,693.01
Income - Unassigned $0.98
Total Income $3,027.28
Expenses
Automobile
Gasoline $69.72
Maintenance $811.06
Total Automobile $880.78
Bank Charges
Service Charge $1.50
Bank Charges - Unassigned $1.00
Total Bank Charges $2.50
Bills
Cable/Satellite Television $68.14
Cellular $136.41
Electricity $97.81
Newspaper $1.25
Online/Internet Service $60.52
Telephone $39.94
Water & Sewer $41.39
Total Bills $445.46
Charitable Donations $40.00
Clothing $203.59
Dining Out $81.45
Education
Fees $5.00
Total Education $5.00
Gifts $101.69
Groceries $227.24
Healthcare
Dental $676.65
Eyecare $41.89
Prescriptions $15.00
Total Healthcare $733.54
Household
Furnishings $3.19
Laundry $10.00
Total Household $13.19
Insurance
Automobile (3 months) $182.13
Total Insurance $182.13
Job Expense
Non-Reimbursed $13.70
Total Job Expense $13.70
Leisure
Books & Magazines $3.99
Entertaining $20.00
Newspaper $2.50
Total Leisure $26.49
Miscellaneous $139.31
Personal Care $216.34
Sales Tax $42.02
Taxes
Federal Income Tax $252.80
Medicare Tax $39.06
Social Security Tax $166.97
Total Taxes $458.83
Total Expenses $3,813.26
Income less Expenses -$785.98
Monthly spending
April 2nd, 2007 at 05:15 pm
April 2nd, 2007 at 10:45 pm
Good luck on your journey. I see a few high items on your list:
Cable/Satellite Television $68.14
Cellular $136.41
Online/Internet Service $60.52
Clothing $203.59
Dining Out $81.45
Entertaining $20.00
Newspaper $2.50
Total Leisure $26.49
Miscellaneous $139.31
This right here is a total of $738 or $8,856 a year.
For one, you should try regular TV for awhile. Basic cell service should run you about $40 to $49 a month tops with either Verizon or Cingular. Online service from Yahoo or Verizon can cost $32 a month with a yearly contract. clothing for $200? Dining out is pretty high as well. I think your misc is way too high and unaccounted for. Let us look at the updated list:
Cable/Satellite Television $0
Cellular $45
Online/Internet Service $32
Clothing $50
Dining Out $40
Entertaining $10
Newspaper $2.50
Total Leisure $0
Miscellaneous $50
Running the new numbers, your monthly total is now $230; a savings of $500+ or $6,000 a year. Think of what you can do with $6,000 a year. Fund your savings account, beef up your IRA, save up for your down payment.
April 3rd, 2007 at 06:54 pm
oh and my misc was high because I loan some money out and did not know where to put them
Thanks for the tips I will definately use them