Sunday, December 30, 2007

January Budget & December Net Worth +$6,097

December Net Worth:

It didn't feel like it at times with some frivolous spending this past month, but financially it was a great month. We were able to take care of the Discover card balance and still come out of the month with cash in the bank. I added deposits we have with 2 of the utilities since they are pretty large. February will be the next time we'll have our net worth go up as much.

January Budget:

This one was hard to do a bit on the income side, since it was a moving target. I've also decided to count the bank carry-over from the previous month into the budget since we are planning on building a reserve in the housing bank account.


Bank Account $470
Rent Income $1300
Day Job $2916
Computer Repair Job $150
Programming Job $350
Mystery Shopping $125

Total Inflow: $5,241


Mortgage 1127
Natural Gas 77
Electricity 89
House Phone 30
Water 45
Car Gas 240
Groceries 160
Cell Phone 50
Life Ins 95
Mrs. Fun $ 30
Mr. Fun $ 30
Toiletries 30
Dining Out 60
Babysitting 10
Scheduled Debts 400
Bible Study Books 15
Housing Acct. 575
Car Repair 400
Entertainment Books 30
Debt Acct. 1748

The dining out doubled since we have been doing a fair amount of restaurant mystery shopping the past month and we're trying to schedule one for this week coming up as well. The scheduled debts are $300 to Home Depot (settling in February) and $100 to Capital One. My wife has a bible study starting up soon, so the money is for her books.

The Housing Account money will be the carry-over into January. The plan is that 2 of our roommates pay near the beginning of the month consistently, so we take their checks and the carry-over to cover the mortgage at the beginning of the month and most of the utilities. The other 2 roommates then pay out on a weekly basis, which we'll put most of it in the bank account for carry-over to the following month.

The $400 car repair is for both of our cars to have service on. The entertainment books are a gift for a high-school friend of mine as well as one for us (we gave ours as a gift to one of the roommates that was wooing over ours). The rest goes into our debt snowball savings account to settle with Home Depot in February with.

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