We had a pretty good month! Nothing too out of the ordinary. We overspent our grocery budget but it was made up for by underspending in a few other categories. Our trip to Boston wasn’t very expensive at all and we got a bunch of great experiences out of it so it was high in value. We had more side income than we usually do.
Our cash is getting really, really high, people! I wish we would go ahead and repair my car so we would know how much it will be so we can reallocate some of our Cars savings elsewhere. I feel like I want to go a bit crazy and just spend a few thousand dollars on a vacation.
You can compare our spending in May below to our budget.
The Everyday Budget
INCOME: Our paychecks from our university plus
- $35 for a clinical study I did
- $50 from Kyle’s advisor for his contribution to an invited paper (actually we are having problems cashing this check… so maybe not yet)
- $84.90 from Kyle’s church job
GIVING: Our usual 10%+ to our church and $50 to the missionary we support.
SAVINGS: Our usual amount, 17%-ish.
Cell phones: Kyle’s usual $69.60; due to receiving my first credit to my Republic Wireless account, we only paid $3.25 this month!
Groceries: Ugh ugh ugh over again. Maybe we will balance out within budget or maybe not. I’m not sure how to even this out.
Gas: Two fillups this month (sense a pattern?) so well under budget here.
Restaurants: We were very low on spending here – Kyle has only bought one drink and one meal at a quick restaurant. We went out a few times during our trip to Boston but that was covered by our Travel account.
Electricity and Gas: Our temperate spring has kept our A/C costs down – not sure for how long!
Water: No problems here!
Every month we have a few transactions that do not fall under either our budget or our targeted savings.
- We spent $10.72 on light bulbs.
Spending Out of Targeted Savings
This month we spent $731.87 out of these accounts and saved $110.33 above our usual rate.
Travel and Personal Gifts
We added $62.33 to this account from our side income division. We used $146.59 from this account to reimburse our Boston trip expenses.
We transferred four weeks of CSA payments ($12 each) into this account to reimburse ourselves.
We paid six months of car insurance for our primary vehicle for $357.85 – a LOT less than last time!
We paid for our $63 Duck Tour tickets on our Boston trip from this account. We also finally paid our Bursar account balances, which included $10 for our grad school prom from several months ago.
I spent $40 on a haircut and $11.85 on dry cleaning.
no spending this month
We moved $50 from this account to our Nest Egg to repay ourselves for our smartphone purchases.
no spending this month
Received $50 from our Electronics account. Kyle bought a toy (a drum controller) for $75, and since our Electronics account is still repaying this account for our smartphones we used money from this account to buy it. It will just add another 1.5 months of repayment from our Electronics account to this one!
We added $27.58 to this account from our side income division.
None this month! We’ll probably be in a holding pattern until we know where and when Kyle is moving.
Bottom line: We came out $22.05 ahead of our bottom line this month, so I transferred that amount from checking to our Travel savings account.
How was your spending in May? Have you started traveling for the summer yet? What budget category has given you consistent trouble recently?