Income & Spending 2020.....the July Report

Now that we are living on an annuity and 401K$ withdrawals(some months), I am still going to keep track of our monthly spending and income, and hopefully we'll still be able to live BELOW our means and I'll have some leftover monies each month to tuck aside.

  I am trying to be as transparent as I can with how much is coming in and how much is going out.  8-)

On to the July report---

I had 2 goals for July.......
The 1st is to actually finish the month in the black and not the red.
The 2nd is to try to have a little cash leftover at the end of the previous month to tuck back into a slush fund.  This slush fun may be to apply toward unforeseen bills that are coming due in subsequent months, to spend on "extras/wants" during the year or to just sit there and grow until the end of 2020.

I can report that we finished up July in the black.
The amount we ended the month of July with?.....$2241.06

Income or Funds We Can Access

The "income" in July---

* Monthly annuity payment of $3,222.24(after tax withholding)
* RMSA(Healthcare account)reimbursement of $1,883.76
* Interest earned on non-retirement accounts of $507.19

* Some of my excess WAM cash to cover my Ancestry subscription and a cash birthday gift to Eldest so=$200.00

Total "Income" for July.....$5813.19

Expenses in July---

* Healthcare Premium for July was $1,883.76(paid for with RMSA reimbursement)
* Irregular bills in July were $89.00
* Variable Expenses in July came to $3483.13
Total Expenses....$3572.13

$5813.19-$3572.13=$2241.06
Slush into June of $27,118.01 in that Fund, add the $2241.06 overage brings Slush to $29,359.07 going into August
The Slush Fund on it's Page(tab at the top of the blog)shows an addition of $2241.06 for July.

Outgo

As for the variable expenses this July, here are the good and the bad side of things....

HERE are the GOOD THINGS

*  Phone charges and internet were the same as last month.
*  The water bill was $3.37 lower than in June.
* The Amazon c/c bill was $99.93 lower than last month.

*  The Mastercard c/c bill was $136.05 lower than in June.
*  The WAM was the same amount taken in June

HERE are the BAD THINGS

*  The electric bill was $14.31 higher than last month.

*  The gas bill was $52.45 higher than in June.

*  Dixie Belle needed her rabies shot and a parasite check so that was $39.00 paid we didn't plan for.

* A cash birthday gift was given in July.

The Food Budget costs for July are in another post, which is located HERE.  Food costs are included in the credit card payment(mainly but sometimes our WAM cash too).

FINAL THOUGHTS on July---
Two small irregular bills last month so that was good but I did spend what I consider a lot at the grocery stores.

THOUGHTS going forward into August 2020----
The house insurance is due mid-August as far as irregular bills go.  The Mastercard c/c bill will be high due to the new love seat we purchased for the den.

So how was your July financially?
  

Did you spend less than the income you had in July?
Did you stay within your budget or not?
What did you do with any money leftover at the end of the month?
Did you pay off any debts or put extra toward your mortgage principle or into savings, in an emergency fund or a retirement account?
Or did you blow it on a want?

If you posted your financial progress on your own blog, leave a link in the comments so we can go check out your progress too and celebrate or commiserate with you!


Sluggy