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 November report---
I had 2 goals for November.......
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 November in the red.
The amount we ended the month of November with?....-$2,631.87
Income or Funds We Can Access
The "income" in November---
* 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 $169.22
Expenses in November---
* Healthcare Premium for November was $1,971.99(paid for with RMSA reimbursement)
* Irregular bills in November were $2,711.29
Slush into November of $37,977.07 in that Fund, subtract $2,631.87and we get $35,694.88 going into December's Slush Fund.
The Slush Fund on it's Page(tab at the top of the blog)shows a subtraction of $2,631.87. 8-(
HERE are the GOOD THINGS
FINAL THOUGHTS on November---Not the best of months but I'm ok with it. We had pulled money out of the 401K for the cruise in December and also throw some cash into the HSA for next year but we forgot to take any out for the kitchen tile work which accounted for a good portion of our monthly deficit. I used some of my accumulated WAM to cover the Bridal Shower gift to try to put a Band-aid on the money hemorrhage this month. A little bit of bad planning on our part but nothing that led to a catastrophe in our finances.
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?