January Month End - Money, Money, Money

 I was going to wait until Monday to wrap up January but I went online to look at my bank account today and lo and behold my Jan. 31st paycheque was already deposited so thankyou schoolboard. I also was happy that I was within a few cents of correctly guessing how much it would be. I hope that I've also guessed Feb. 15th's pay correctly too.  We'll see....

I work all night, I work all day, to pay the bills I have to pay



Ain’t it sad


And still there never seems to be a single penny left for me


That’s too bad


In my dreams I have a plan


If I got me a wealthy man


I wouldn’t have to work at all, I’d fool around and have a _________
 
Title, Artist and fill in the blank!??!  Ahhhhh, it's too EASY!!
 
I'm tired of January but here's one last look at the numbers.  I love that debt and savings are the two biggest parts of my budget by FAR! I was fortunate to be able to pay an extra $148.30 out of misc. spending on my line of credit this month for a total of $1348.30! I am going to beat that LOC into submission!!
 
The other bonus was upping my EF to $1300. I'm going to set a new goal for that one I think. $3,000 instead of $2,000. We'll see, first things first, I need to do my taxes, think about topping up my TFSA instead of my RSP this year, as I'm not looking forward to paying the whopping withdrawal taxes on my RSP $$ once I retire. TFSA makes more sense. I was at my max but took out $5000 last year when I made my PEI house purchase. What I didn't know until recently is that I can put  that $5000 back into my TFSA in the following tax year:) Yippee!!
 
Oops, noticed a mistake in my chart. I meant to divide my insurance payment between Housing and Transportation but I forgot. I pay $205 a month for home and car insurance - isn't that a horrible amount?? Most of it is for the car - having my daughter on as an occasional driver raised it by $50 per month! (And yes, I pay for it:)
 
I'm looking forward to February's challenge - a NO Spend month. I am so ready for this! I've allotted $400 for groceries, $150 for gas and have $185 for misc spending which totals $735. My goal is to squeeze at least $100 from that little budget and throw at my LOC again. I see a month of self-denial ahead (although I have a Starbucks card, a movie card, and a restaurant card, so I won't be too terribly deprived:)
 
Oh BTW - we did catch two movies yesterday - "The Rite" with Anthony Hopkins and "The King's Speech" and LOVED both of them! Colin Firth really should win an oscar for his role as King George VI - but being British I'm a little biased.
 
Happy Weekend everyone - look forward to seeing all of your month end summaries and a No Spend month!