April 1, 2008

March 2008 Income Statement

It’s scary sometimes how much we can spend in one month (click on spreadsheet below).

Thank God for the extra money we brought in above our standard income. The largest amount of money was brought in by my Wife's in the form of a $1,292.50 commission check and a $188.54 mileage reimbursement check. We also received a $384.44 property tax refund, $60 from my parents, and $60 from selling a few things. All of this extra money kept us from spending more than we earned in March.

Needless to say, we went over budget in most areas. Some of the larger expenses were $832.46 for household items (including a new home theater system), $585.67 for groceries, $129.01 for pet care (including pet care while our condo was being worked on), and $166.00 for car registration.

We have vowed to spead less in April. My Wife may get good commission check in April and I have a review that may result in a small raise.

5 comments:

ntbeachnc said...

I recently found your blog and have added it to my blogroll. I look forward to reading more about your journey.

1MansMoney said...

Thank you Beachgirl. I have added you to my blog roll as well.

-1MansMoney

budgets are sexy said...

well at least you're still on top of things! it def. helps putting it all out here, so keep it up :)

Rachel @ Master Your Card said...

At least you have a budget, that is a great start. Maybe you need to look at it a bit more often and access your spending during the course of the month as well as at the end, to help you keep on top of what is happening.

1MansMoney said...

Budgets Are Sexy -
Yeah, we're trying to stay on top of things. There's a lot of value in at least knowing what's going on. . .even if it's contrary to our plan.

Rachel-
Although I only post them at the end of the month, I update the numbers on my spreadsheet almost daily (thanks to my OCD). There seems to always be a good reason to spend the money, but we're working on it.

-1MansMoney