Today was payday, and here's how it all unfolded:
I managed to save $1,147.50, which accounts for approximately 41% of my take-home income. It's worth noting that roughly half of this amount is earmarked for future expenses through sinking funds, but I'm still quite content.
Another chunk of $516.13 was allocated towards debt repayment, accounting for about 19% of my take-home pay.
I also set aside $490 for my everyday spending fund, which I manage using cash envelopes. This amounts to around 18% of my income.
An additional $240.52 was directed towards various bills, such as internet and phone, making up less than 1% of my take-home pay.
I allocated 10% towards tithes as part of my financial plan.
To top it off, my payment posted, and I'm thrilled to report that my student loan balance has now dipped to $31,106.85, with only $5.85 of that being attributed to interest. I'm incredibly close to breaking the $31,000 mark this month, which is a source of great excitement.
All in all, it was a successful day on the financial front.