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 October report---
I had 2 goals for October.......
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 October in the black.
The amount we ended the month of October with?.....$2,135.69
Income or Funds We Can Access
The "income" in October---
* 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 $468.24
Expenses in October---
* Healthcare Premium for October was $1,883.76(paid for with RMSA reimbursement)
* Irregular bills in October were $0.00
* Variable Expenses in October came to $1554.79
Total Expenses....$3438.55
$5574.24-$3438.55=$2135.69
Slush into October of $30,042.39 in that Fund, add the $2135.69 October overage and this brings the Slush to $32,178.08 going into November.
The Slush Fund on it's Page(tab at the top of the blog)shows an addition of $2,135.69 for October.
HERE are the GOOD THINGS
* The electric bill was $11.38 higher than last month's bill. This one will continue to rise as Winter sets in.
FINAL THOUGHTS on October---
It was a really good month overall financially.
THOUGHTS going forward into November 2020----
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?
Sluggy
Thanks to ongoing warm weather our AC keeps going and costs $$
ReplyDeleteno savings here.
Tommy said his electric bill he received for October was half of the summer and September bill. We still use the ac but not as much. When we use heat, the electric bill in about a fifth of summer.
ReplyDelete