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 April report---
I had 2 goals for April.......
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 2021.
I can report that we finished up April in the black.
The amount we ended the month of April with?.....$317.87
Income or Funds We Can Access
The "income" in April---
* Monthly annuity payment of $3,222.24(after tax withholding)
* RMSA(Healthcare account)reimbursement of $1,971.99
* Interest earned on non-retirement accounts of $243.27
Expenses in April---
* Healthcare Premium for April was $1,971.99(paid for with RMSA reimbursement)
* Irregular bills in April were $577.00
* Variable Expenses in April came to $2,822.64
Slush into April of $46,565.10 in that Fund, add the $317.87 in overage and we get $46,882.97 going into May.
The Slush Fund on it's Page(tab at the top of the blog)shows an addition of $317.87 for April.
HERE are the GOOD THINGS
* The water bill was $3.74 higher than last month.
* My Amazon c/c was $286.81 higher than in March.
* The Mastercard was higher by $636.72 than last month's bill.
* We had to pay $577.00 to the state of PA for taxes in March. bleh.
FINAL THOUGHTS on April---
Well we ended up with one irregular bill in April, Hubs filed the PA state taxes early.
Otherwise it was an ok month. Any month I end up with more money than month is good. 8-)
I did spend a bit over on food than I wanted/planned to in April but it's all good. I earned back $360.55 on Ibotta on the $426.43 I spent in April on food. (And that doesn't count the other 4 rebate apps I use so I almost got back all the food budget money I spent which gets addd back at the end of the year. 8-)))
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?