Saturday, January 29, 2011

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!

9 comments:

Niki said...

That is too easy. ABBA.
I have been wanting to see The King's Speech. Glad to hear you liked it.
Good luck on your no spend month. Looking forward to seeing how it all turns out for everyone.

444 said...

Before I look at the numbers, I have to say I LOVE the photo! I liked the bright colors before, and I always choose bright colors when I put anything together, but for some reason I love the clean whites you pick out and I love the cold, snowy photos... it's my eye candy, like I said before!

Now I'll look at the figures. And you can see my month-end wrap-up, too, which I just posted!

The Borrower said...

Money, Money, Money - ABBA - ball

I loved ABBA and just finally saw Mama Mia. I want to see it on stage next.

Awesome debt and savings columns!

Jolie said...

have a ball
money money money

ahh ABBA

Sharon said...

Oh Jane, I love that you were able to save and pay down debt. My expenses were off the chart in January..so no saving for me (except for the sale of my jewelry which I'm thinking will go to the basement repair and remodel).

I've allotted $750.00 for the entire month, so it should definitely be a challenge. I'm posting details tomorrow instead of Monday.

Sounds like the movies were a hit! :)!

P.S. LOVE THE PICTURE!! (I'm a lake fanatic!)

Lisa @Cents To Save said...

Hi Jane
I love the lake picture!! It is soooo pretty. I did not know the song....:(

It looks like you are totally ready for your no spend month coming up. Gift cards are a wonderful thing, aren't they?

I so want to see "The King's Speech".. hope to do that very soon.

Have a great weekend!

Maureen said...

Your as bad as me woman playing around with your blog, but it looks so good and I love the photo.

I will be posting my January spends soon, has.nt the month flown ??

Anonymous said...

You did so well in January! Great debt pay down and saving!

Bring on February! :)

jpkittie said...

Great Month Jane!!!! Love the saving/debt pay off bits!!! Woot Woot!

Love the photo also - stunning!!!