Income & Spending 2021......The June 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 June report---

I had 2 goals for June.......
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 June in the red.
The amount we ended the month of June with?.....-$5,153.51

Income or Funds We Can Access

The "income" in June---

* 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 $178.85

* Stock Dividend of $18.27

Total "Income" for June.....$5,391.35

Expenses in June---

* Healthcare Premium for June was $1,971.99(paid for with RMSA reimbursement)
* Irregular bills in June were $1,253.69(Wayfair swing, Long term care Premiums, Vet appt., Dentist)

* Bathroom Renovation $5,292.00
* Variable Expenses in April came to $2,027.18
Total Expenses....$10,544.86

$5,391.35-$10,544.86=-$5,153.51

Slush into June of $47,165.11 in that Fund, subtract the $5,153.51 in shortage and we get $42,011.60 going into July's Slush Fund.
The Slush Fund on it's Page(tab at the top of the blog)shows a reduction of $5,153.51 for June.

Outgo

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

HERE are the GOOD THINGS

*  Internet and cell phone were the same as in May

*  The WAM was the same amount taken as last month.

*  The electric bill was $15.18 lower than in May

*  The Amazon c/c bill went down by $6.18  from last month.(It was actually lower by more but I overpaid it a bit in June.)

*  The credit card bill was $474.85 lower than in May.

HERE are the BAD THINGS

*  The water bill was $1.42 higher than in May.
*  We had a bunch of smallish an irregular bills this month; Wayfair, Long Term Care premiums, Kohl's, Vet Bill, Dentist.  

*  Then we had to pay the contractor for the bathroom renovation. ouch

The Food Budget costs for June 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 June---Stayed under the food budget and all variable bills except the water bill were lower than in May but we had a significant amount of irregular bills and then we knew the bathroom reno would put us in the hole for the month but that's what the Slush Fund is for(funding extras like this).  I am ok with it all as the bathroom turned out better than expected(the bar for handymen around here is set pretty low). ;-)
 

THOUGHTS going forward into July 2021---

There are no irregular bills coming this month though Hubs got a new phone so the cell bill will be higher.  The cruise and airline tickets will be hitting the credit card this month so I need to figure what pot of monies I'll dip into to pay those portions of the trip costs. 8-( or 8-)))

Other than that it's smooth sailing for July(see what I did there? lol).

So how was your June financially? 

Did you spend less than the income you had in June?
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