Our finances are almost settled after our move – we’re just waiting on a refund from TWC (isn’t it always TWC that screws you up?). We spent a loooooot of money though – I’ll post about it once everything gets shaken out – so we’re going to devote our budget leftovers toward repaying ourselves until that’s done.
This has been a pretty quiet month for us in the regular budget but a big one in targeted savings. We’ve been so hard at work that we haven’t had much chance to spend discretionary money! Well, except for some online shopping for Kyle, as you’ll see below.
I’m also super excited that within only one month we reached the minimum spend on my Barclaycard Arrival™ World MasterCard® – Earn 2x on All Purchases (that’s an affiliate link and here’s my review). We made a donation that we hadn’t anticipated, I went on a weekend retreat at the last minute, and we paid for a dental checkup (all paid out of targeted savings). The points showed up in our account already. :) So we signed Kyle up for his own card to get another signup bonus! We projected our spending and when we put our 6-month car insurance bill on the card we should be able to meet the $1,000 minimum spend, and if we’re falling a little short we can always put Christmas presents on it. We still don’t know exactly what we’ll put the miles toward, but between the trip I want to take after Kyle defends, Kyle’s future postdoc interviews, and the fact that we’re overdue for a trip to CA, I think we’ll have a several opportunities.
The Everyday Budget
INCOME: I love our new, higher paychecks! I realized that my net pay now is almost exactly what my gross pay was six years ago. But my work still hasn’t set up my direct deposit yet.
- $193.33 from Kyle’s side hustle, divided as usual
- 10% of our stipends to our church
- $50 to the missionary we support
- 10% of Kyle’s side hustle income
SAVINGS: Our usual amount, 17%-ish.
Rent: Our new rent is $870! I love that we reduced it again.
Internet: We didn’t pay for internet this month, apparently. I guess our billing cycle is falling differently than we thought it would.
Cell phones: Kyle’s usual $69.65; due to credits to my Republic Wireless account, we didn’t pay anything for my cell this month!
Groceries: Over budget this month, but not by much. We had already spent it all by October 21 so we haven’t been to the grocery store since and are basically running on fumes now!
Gas: Two fillups this month so we are under budget.
Restaurants: We bought fast food for Kyle several times this month (convenience/reward for working hard on his dissertation) and went out to dinner together once when we finally took a day off.
Electricity and Gas: We paid one partial gas bill and two partial electric bills this month but we still came in under budget!
Water: Our water bill was ginormous this month because it included our $50 address-change fee, but the actual water part of it was only $33.83 so we came in under budget.
Every month we have a few transactions that do not fall under either our budget or our targeted savings.
- I bought a present for Kyle for $21.48. I NEVER do this (my love language is 0% gifts). Also he apparently doesn’t look at our Mint account closely enough to question a $20 purchase, so it was a surprise. :) With joint finances and everything!
- We redeemed some credit card rewards for $25.32.
Spending Out of Targeted Savings
This month we spent $1,423.82 out of these accounts! This was definitely a month where this system comes in handy. We also put $1,370.30 into these accounts, the vast majority of which was our refunded security deposit.
Travel and Personal Gifts
I decided at the last second to go on a weekend church retreat in Wilmington, NC with the “young professionals” group for $125.
We paid for our parking permit for the year for $323.
We bought tickets to my 10-year high school reunion. They were kind of expensive at $180 for just a few hours – I don’t even think we’re getting a meal. :( Our college reunion was a whole weekend with a few meals and it was only $128.
We also finally paid our Bursar bills, which had $30 in registration fees for Campout from September on them.
No spending this month.
We spent $252 on dental cleanings and checkups for both of us.
We bought an external hard drive for $69.99. Kyle researched and tracked this purchase for quite a while before pulling the trigger. It’s for our photos, which we prize very highly; we haven’t yet come up with a great solution for storage.
Kyle also bought a new pair of headphones that he’s been tracking when they went on a deep sale. We used $99.81 from this account toward that purchase.
We donated $200 to an acquaintance who is going into full-time ministry.
We had a few lingering moving expenses that we paid out of this account:
- $19.99 for our internet installation
- $1.84 to insure my car long enough to move it
- $50 for our water “installation”
- $10 to the DMV to change Kyle’s license
We also finally received our prorated rent refund and our security deposit back from our last townhouse – $1133.97 to this account!
We paid $32.02 for our domain and we received a $110 payment from Adsense (our first!). We still haven’t set up a separate checking/savings account for EPF expenses so we pay expenses out of this account. We need to remedy this!
We didn’t have quite enough in our Electronics account to cover Kyle’s headphones purchase, so we covered the rest with $30.17 from this account. We will reimburse this from our Electronics account next month.
Kyle’s side hustle paycheck necessitated a savings of $44.47 to this account.
We transferred $81.86 from Kyle’s side hustle paycheck to this account.
Nothing yet as we just did a major update last month! I love our new budget because it’s putting even more toward fun savings accounts.
$117.87 left over this month! I moved it to our Nest Egg to start repaying ourselves for our move.
What’s new in your finances this month? When were you last hit with a bunch of big expenses in the same month and what were they? When you work super hard do you spend more or less?