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 September report---
I had 2 goals for September.......
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 September in the red.
The amount we ended the month of September with?....-$1,092.83
Income or Funds We Can Access
The "income" in September---
* 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 $486.87
Expenses in September---
* Healthcare Premium for September was $1,971.99(paid for with RMSA reimbursement)
* Irregular bills in September were $3,303.04(school taxes, long term care premiums)
Slush into August of $39,033.52 in that Fund, subtract $1,092.83 and we get $37,977.07 going into September's Slush Fund.
The Slush Fund on it's Page(tab at the top of the blog)shows a subtraction of $1,092.83
HERE are the GOOD THINGS
FINAL THOUGHTS on September---I knew it would be a "negative" month going in because I paid for some of the December cruise stuff early but I didn't take money out of the non-retirement accounts to cover that until October 1st because I wasn't home until Oct. Once we get to October's numbers it will all even out. ;-)
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?