Our income this month was Kyle’s new postdoc pay plus my normal stipend paycheck. Even with the higher income from July (Kyle’s first month as a postdoc), we kept our budget the same and it will be the same for next month (funded by our pay this month). We won’t really adjust our budget or money management system until October’s budget, the first with our lower income.
A few other loose ends:
- We corrected our mistake from last month of overpaying our Barclaycard by putting additional spending on that account, largely my flight to FinCon. I’m glad it only took that one month to fix it.
- We finished redeeming Kyle’s Barclaycard sign-up bonus (about 10 months after we first signed up for it) against my FinCon flight, which was an additional $150 in rewards. That’s $484 of rewards so far! I didn’t write a post about it specifically, but I’ve detailed in the past how flexible and easy the Barclaycard redemption process is.
- I’m not pleased with how much Kyle’s take-home pay is fluctuating based on the various payroll deductions he has. Thankfully, we’ve still had my income through this transition so we’re not depending on his alone. I can’t wait until it’s consistent month-to-month!
The Everyday Budget
- I received my LAST STIPEND PAYCHECK EVER.
- Kyle received his second paycheck as a postdoc. His second paycheck was different than the first because he had two months of our health insurance premiums taken out. We decided to add me to his insurance to simply our life.
- Kyle received $133.91 of income from our church.
- 10% of our paychecks to our church
- $50 to the missionary we support
- 10% of Kyle’s church paycheck back to our church
RETIREMENT SAVINGS: We have a new arrangement for our retirement contributions starting this month. Kyle is contributing 15% of his pay and I am contributing $172 per month (through December). We are also contributing 15% of our irregular income, which this month was just Kyle’s church paycheck.
Cell phones: Kyle’s usual $69.71. This month I used a $20 account credit from someone using my referral link to sign up for Republic Wireless so I paid $6.37 for my cell this month. What a deal for unlimited everything! 🙂
Groceries: We squeaked in under budget this month for our grocery spending. It probably helped that we were out of town two weekends! I’m also pleased that this includes two trips to the farmer’s market.
Gas: We spent only about $90 on gas this month aside from what we used to travel, which is right in line with our budget.
Restaurants: We are crazy over budget here this month. We spent $275 on Thai food for a defense celebration for me, but used a $100 gift card that was also a defense gift (thanks MH!). Other than that huge charge, we spent $91.01 on eating out, which was pretty reasonable since some of that was due to travel.
Electricity and Gas: Only a little over budget this month, which is great considering it’s summer.
Water: Under budget.
Every month we have some random transactions that are not accounted for in our normal budget.
- Kyle allowed himself to by tricked by Amazon into signing up for Amazon unlimited and then didn’t cancel the subscription in time, so we paid $10.74. But that’s now canceled.
- Kyle spent $73.08 on my defense gifts – a water bottle and matching T-shirts for us.
- We spent $8.86 on inner tubes for an afternoon floating in a local quarry. 🙂
Spending Out of Targeted Savings
We had a crazy lot of transactions this month (only one account unaffected!) and they were high amounts, as well! We spent $899.21 out of these accounts and transferred $1,540.82 in above our normal savings rates.
Travel and Personal Gifts
We spent $70.96 on gas to travel to a wedding this month and $80 on the gift. We spent another $71.85 on gas to visit my parents.
We redeemed another $150 in rewards on Kyle’s Barclaycard and transferred it into this account.
We finally received our reimbursements from Kyle’s conference in July for $1,035.16. We added $258 to hold for future Roth IRA contributions.
We paid $183 for Kyle’s half of our university parking permit.
We got an oil change, a coolant flush, and a new air filter for Kyle’s car for $140.99.
We spent $36 on three tickets to see the Durham Bulls with a bunch of our friends.
To get me looking sharp for my defense, I got a haircut for $55 and my suit tailored for $15.
We bought some jeans for Kyle for $21.49.
We also did some dry cleaning for $26.61.
Kyle bought some ergonomic equipment for his desktop from Amazon. We used some credits and a gift card, so the pro-rated amount we pulled from this account was $18.54.
We spent $22.93 on a birth control pill copay this month. That was a surprise with our new insurance as we thought under the ACA we shouldn’t have a copay. We’re still investigating why.
We pulled $14.03 for some equipment from this account, similar to the Electronics charge.
We are supporting another missionary with $50 per month from this account.
We bought some food to serve at a soup kitchen for $42.81.
We made a $50 donation to our local NPR affiliate.
no spending this month
We transferred $30.16 into this account from Kyle’s church paycheck.
We added $67.50 to this account from Kyle’s church paycheck. We have a very healthy balance in this account now so we really need to get on buying a DSLR.
No adjustments for September, but we are preparing for a complete money management overhaul for October – stay tuned!
We had $193.15 in budget leftovers this month, which we transferred to our nest egg. This wasn’t as much as I expected, in no small part due to the defense-related celebratory spending (similar to May with Kyle’s defense).
What have you done to celebrate the last bit of summer? Have you had a monthly of high irregular spending recently? Have you had any planned purchases that you saved up for but didn’t take action on when you met your goal?