Friday, January 18, 2008

Streamlining Our Finances

I just did a bit of streamlining to our finances. One of our goals for this year was to have all housing income/expenses in one account, so we can track better for tax purposes. The account is now setup with all utility bills being visible through the account and they are set to pay themselves (as long as there is money in the account). The ones that cannot be electronic we have just a large amount scheduled to be sent out every month and we can adjust it as needed.

We're planning on injecting $300 into the account of our funds to cover the $100/month shortfall between the rental income and our expenses (though $100 for our housing is not too bad). We're considering raising the rent for one of our roommates due to increasing expenses on their part and they pay a smaller amount than our other roommates. More on that in the future...

No comments: