Income & Spending......the March Edition

Now that we are living on an annuity, 401K$ withdrawals, personal savings and social security payments, 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.

We went into retirement in June of 2017 with no debt, no mortgage, nor a car payment.

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 March report--

I had 2 goals for March....

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 fund may be applied 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 2024. 

*  I do not include/report on our retirement accounts here, just the non-retirement ones.

 

I'm happy to report that we finished up March in the black.

The amount extra we ended the month of March with?....$3,069.80

Income or Funds We Can Access

The "income" in March---

*  Monthly annuity payment of $2,608.66

*  SS income of $3,828.70

*  Interest earned on non-retirement accounts of $983.98

*  Stock Dividend of $19.95

Total "Income" for March....$7,441.29

Expenses in March---

*  Irregular bills in March were $1,279.32

*  Variable Expenses in March came to $4,263.74

*  Medical Premiums in March were $698.02

Total Expenses....$4,371.49

$7,441.29-$4,371.49=$3069.80

Slush Fund coming into March of $52,235.59 and the addition of $3,069.80 in March, our end of March 2024 Slush fund comes to $55,305.39

The Slush Fund on it's own page(tab at the top of the blog)shows an addition of $3,069.80

Outgo

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

HERE are the GOOD THINGS

*  The water bill, the cell phone bill and WAM were all the same as in February.

*  The electric bill went down in March by $149.03

*  Hubs Amazon c/c bill was $1,092.77 lower than last month.

*  My Amazon c/c bill was $0.

*  The Mastercard was $210.65 lower than in February.

*  The American Airlines c/c was $238.88 lower than last month.

HERE are the BAD THINGS

*  We had 3 irregular bills in March--

*  The Kohl's c/c was $127.64(a one off).

*  The quarterly Long Term Care premiums of $784.55 were due.

*  Chester had a vet visit for $188.87.

The Food Budget costs for March are in another post HERE.  Food costs are included in the credit card payments(mainly but sometimes our WAM cash too).

FINAL THOUGHTS for MARCH 2024---This month turned out a bit better than expected, even with the high grocery spending.  Didn't go anywhere but doctors and grocery stores and didn't do anything that cost additional money.

THOUGHS GOING FORWARD INTO APRIL 2024--Well, we have to pay a couple thousand dollars of Federal Income Taxes this month. ick.  I'd rather do that than give the government an interest free loan of our money for a year though. ;-)

But on the other hand we have the quarterly 401K withdrawal this month which more than balances the taxes out.(State taxes are due in May, but even with that we are good.)  Food & toiletry spending will be much less this month.

Here's hoping 2024 treats us all even better financially! 8-))

So how was your March financially?

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

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 down/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 all your excess monies after bills were paid 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

Food Spending 2020.....The September Report

  Onward to September's food spending report.....

Here are my FOOD BUDGET spending totals for SEPTEMBER 2020.

I have posted September's totals on the Total Grocery Savings Page located HERE and have updated the Totals there.
I am listing subtotals for each store I purchased from in September.  If you aren't interested in that much detail, just skip to the bottom for the Totals Sum.  My spending includes Food, Toiletries/HBA, Cleaning Products, Paper Goods & tax where applicable. We are a family of 4(2 at home this month). 
*****************

CVS
OOP  $5.48

Qs/Ads/ECBucks $125.40
Value  $130.88
Savings 95.81 %

MALACARI'S

OOP  $18.55
Value  $28.87
Savings  35.75%

PandR OUTLET

OOP  $24.76

Value  $53.00

Savings  53.28%

PRICE CHOPPER

OOP  $42.06
Value  $60.39
Savings  30.35% 

RITE-AID *
OOP  $0.00
Qs/Ads/BC/GCard  $355.53
Value  $355.53
Savings  100%

SHURSAVE MARKET
OOP   ($0.00) used free gift card
Value  $4.99
Savings  100%

WALMART
OOP  $95.95
Value  $203.78
Savings 52.92%

WEIS
OOP  $166.93
Qs/Ads  $169.91
Value  $336.84
Savings  50.44%

*********************
My best 3 Store Savings Totals were Rite-Aid at 100%, Shursave at 100% and CVS at 95.81% .   My worst savings rate was at Price Chopper with 30.35%.  Lots of great savings rates this month!

I shopped at 8 different stores in September.

I also earned $227.30 in cash rebates in September(Ibotta/SavingStar/Checkout51)which helps offset the spending once I cash those in at the end of 2020.

TOTAL Spent(without R-A)...................$353.73

TOTAL Coupons/Store Sales................$465.02
TOTAL Value of Items Purchased........$818.75

TOTAL Savings of ................................56.80%

Add in the Rite-Aid purchases and we get.........

TOTAL Spent........................................$353.73

TOTAL Coupons/Store Sales................$820.55
TOTAL Value of Items Purchased........$1174.28

TOTAL Savings of ................................69.88%

This closes out the September food/toiletries spending.

THOUGHTS & COMMENTS for this month.....I wanted to do a 50% lower with the grocery spending but worries about Fall shut downs and shortages had me buying a lot of long term storage foods and refilling the freezer. So no way did I do a $200 spend in September.  Even so I still stayed under my budgeted $400 for the month so it's all good.

The monthly food spending savings percentage went DOWN by 2.01% in September 2020 to 69.88% compared to the tremendous August 2020 rate of 71.89% savings average.  

With 9 months accounted for, I have spent a Year-To-Date Total of $3505.76 on food/toiletries in 2020.

Going into 2020, before the pandemic blew the wind out of my sails, I wanted to stay at or under $4K for the yearly food spending.  At this point I don't think that will happen but we'll keep plugging along anyway.

Once I add in all my rebates/refunds/post coupon/found money pots into the grocery spending category I do still have a fighting change to stay under $4K spent.  The next 3 months will determine if this goal becomes a reality.


2020 Yearly Grand Total Spent....................$3,505.76

2020 Yearly Grand Total Value of Items.....$10,585.06

2020 Grand Total Saved...............................$7,079.30

2020 Yearly Savings Total............66.88%

The average per month amount spent is $389.53 at this point in 2020 which went down some from August's average.  As long as I'm around $400 per month with 3(now 2)people in the house, it's all good.  While it's just Hubs and I now I will also be supplementing Ex-College Boy's food needs for awhile.

LOOKING AHEAD To October 2020.............

Not sure what October will bring in terms of food spending.  We're going to have a visitor in October and we are going on a short trip so those are the variables.  At home, I want to start eating from our stockpiled meats/veg in the freezer and use a few "old dogs" up in the process.

If you have other ideas or guidelines you follow please leave a comment and share yours with us all.

*  How much did you spend on food/toiletries in September?  Are you happy with that amount and did you get good value for your money?

*  Do you track your yearly food spending?  

*  What was your savings percentage buying on sale and/or with coupons vs. buying at regular retail price last month, if you track that sort of thing?

*  What are your methods for keeping your food spending in check?

Is anyone out there up for tracking expenditures and trying to spend less but still eat well?


Sluggy

Income & Spending 2020.....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 2020.

I can report that we finished up June in the black.
The amount we ended the month of June with?.....$1,273.10

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 $1,883.76
* Interest earned on non-retirement accounts of $490.14
* Dividend income of $18.27
Total "Income" for June.....$5614.41

Expenses in June---

* Healthcare Premium for June was $1,883.76(paid for with RMSA reimbursement)
* Irregular bills in June were $555.41
* Variable Expenses in June came to $1902.14
Total Expenses....$4341.31

$5614.41-$4341.31=$1273.10
Slush into June of $25,844.91 in that Fund, add  the $1273.10 overage brings Slush to $27,118.01 going into July.
The Slush Fund on it's Page(tab at the top of the blog)shows an addition of $1273.10 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

*  Phone charges and internet were the same as last month.
*  The water bill was exactly the same as in May.
*  The electric bill was $58.06 less than last month.

*  The Mastercard c/c bill was $21.91 lower than in May.
*  The gas bill was $0.00 so $8.82 less than last month.
*  The WAM was the same amount taken in May.

HERE are the BAD THINGS

*  The Long Term quarterly premiums were due.  The only irregular bills due this month.
*  Both dogs needed vet visits/shots so that was $131 paid we didn't plan for.

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---
Another boring financial month for the win! lol
Even though I was in VA for half the month I didn't break the bank down there.
Two good news items-Ex-CB went back to work the last of June and his plan to move out are moving forward.  He should be fully moved into his apartment by August 1.(yay!!!)
Looking back at 2019 our savings in June, July, August and September was in the RED so I much prefer 2020's "in the black' numbers.

THOUGHTS going forward into July 2020----
July is another no irregular bills due month so that's a plus.  I don't plan to grocery shop much in July except our eldest son will be here staying with us for two weeks or so before his new apartment in NJ is ready so yeah, take back what I just said about not grocery shopping much this month. ;-)
No plans to go anywhere in July except to the bank to cash out of fully matured Savings Bond.
July is "steady as she goes Cap'n!" as they say in all those bad seafaring classic movies.

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

2019 Income & Spending....the December Report

Now that we are living on an annuity and 401K$ withdrawals, 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.

Two changes we implemented for 2019 at our financial meeting in Jan.--

* Hubs wants to take $150 per person WAM(aka Walking Around Money)in 2019.  I found last year's $100 per month adequate but Hubs chafed at that little so we are upping it this year to $150 per person per month.
                                                                                                                                       
*As for our 2018 Slush Fund, this is how we are going to handle it in 2019......
We won't be taking a quarterly 401K withdrawal in 2019 until we "need" to, instead of taking one each quarter as we had planned back in 2017 when Hubs retired.  Why pull 401K monies out when they are earning more than our other regular bank funds?  Use those instead for now!

Since the Slush Fund ended 2018 with $23,164.17 in it and the Sinking Fund ended 2018 with $468.37 in it, we are, for now at least, not taking any more 401K withdrawals and using what is in the Sinking Fund and/or Slush Fund to cover all irregular bills that come up in 2019 plus a few projects around the house.

I have set up a page to track the Slush Fund.  Click on the tab marked "Slush Fund 2018-2019" at the top of the blog.

  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 December report---

I had 2 goals for December.......
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 2019.

I can report that we finished up December in the black.
The amount we ended the month of December with?.....$930.64

Income or Funds We Can Access

The "income" in December---

* Monthly annuity payment of $3222.24(after tax withholding)
* RMSA(Healthcare account)reimbursement of $1848.67
* Interest earned on non-retirement accounts of $756.81
* Dividend income of $109.27
Total "Income" for December.....$5936.99

Expenses in December---

* Healthcare Premium for December was $1,848.67(paid for with RMSA reimbursement)
* Variable Expenses in December came to $2602.27
* Irregular Expenses(Long Term Care Insurance Premiums)$555.41
Total Expenses....$5006.35

$5936.99-$5006.35=$930.64

Slush into December $17,507.99 + $930.64 addition=$18,438.63 left in the Slush Fund to take into 2020.
The Slush Fund on it's Page(tab at the top of the blog)shows an addition of $930.64 for December.

We started 2019 with $23,164.17 in Slush Funds.
We ended 2019 with $18,438.63 in Slush Funds which means we spent $4,725.54 MORE than what we had coming in strictly as "income" in 2019(Income being, RMSA monies, Annuity funds, Dividends and Interest income, Blogging revenue, Federal Tax Refund).
* I don't include as income any Sales made(eBay or local)or no Poll Worker pay. The Sales ARE included as income we report to the IRS of course.

Outgo

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

HERE are the GOOD THINGS

*  Phone charges and internet were approximately the same as last month.(Within $2 or so).
*  The water bill was $4.63 lower than in November.
*   The electric bill was $100.03 lower than last month.
*  The WAM was the same as in November.
*  The health insurance premium was the same as last month.
*  There was no Gas card bill(all gas was put on Mastercard)
*  The M/C bill was $422.08 less than November's bill.

HERE are the BAD THINGS

*  The Amazon card bill was $571.79 higher than in November.
*  There were $73.65 in medical co-pays this month.
*  There was a $77.05 Kohl's bill in December.
*  There was an irregular bill due-Long Term Care Premiums of $555.41 due in December.

The Food Budget costs for December 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 December----

December was financially predictable.  There was Xmas spending on 2 credit cards, there was an irregular bill due and under $100 in medical co-pays from November OVs.
Surprisingly the electric bill was LOWER than in November!  That almost never happens as we have electric heat but hey!, I'll take it! lolz
We didn't have to pull any cash from the Slush Fund in December for any emergencies.


THOUGHTS going forward into January 2020----
Hubs and I will sit down in the coming week to go over the 2019 budget and all the numbers.
There will be some tweaking of the budget for 2020 and looking at the good and bad of our finances.
We'll be running the expected expenses for the coming year at that point and will come up with what income we'll have available for 2020 to live our best life.
More to come on the report of the Budget Meeting later this month.

So how was your December financially?
  

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

2019 Income & Spending Report.......the April Edition

Now that we are living on an annuity and 401K$ withdrawals, 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.

Two changes we implemented for 2019 at our financial meeting in Jan.--

* Hubs wants to take $150 per person WAM(aka Walking Around Money)in 2019.  I found last year's $100 per month adequate but Hubs chafed at that little so we are upping it this year to $150 per person per month.
                                                                                                                                                       
*As for our 2018 Slush Fund, this is how we are going to handle it in 2019......
We won't be taking a quarterly 401K withdrawal in 2019 until we "need" to, instead of taking one each quarter as we had planned back in 2017 when Hubs retired.  Why pull 401K monies out when they are earning more than our other regular bank funds?  Use those instead for now!

Since the Slush Fund ended 2018 with $23,164.17 in it and the Sinking Fund ended 2018 with $468.37 in it, we are, for now at least, not taking any more 401K withdrawals and using what is in the Sinking Fund and/or Slush Fund to cover all irregular bills that come up in 2019.

I have set up a page to track the Slush Fund.  Click on the tab marked "Slush Fund 2018-2019" at the top of the blog.

  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 2019.

I can report that we finished up April in the BLACK!
The amount we ended the month of April with?.....$414.19

Income or Funds We Can Access

The "income" in April---

* Monthly annuity payment of $3222.24(after tax withholding)
* RMSA(Healthcare account)reimbursement of $1848.67
* Interest earned on non-retirement accounts of $573.85
* Blogging Revenue of $100.51
* Deposit into checking for M/C charges reimbursed of $100.82
Total "Income" for April....$5846.07


Expenses in April---

* Healthcare Premium for April was $1,848.67(paid for with RMSA reimbursement)
* Variable Expenses in April came to $2611.31
* Irregular Expenses in April came to $971.90
Total Expenses....$5431.88

Outgo

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

HERE are the GOOD THINGS

*  Phone charges and internet were approximately the same as in March.(Within $2 or so).
*  The water bill was $7.83 lower than last month.
* The c/c bill was $286.76 less than in March.
*  The electric bill was $87.60 lower than last month.
*  The health insurance premium was the same as in March.
*  The WAM/cash withdrawals were $185 lower than the previous month.

HERE are the BAD THINGS

* There was a $14.21 higher charge on the gasoline credit card.
*  Hubs had $641.16 doctor bill(we have now met the deductible for 2019).
*  I had $223.07 in charges on my Amazon card.
*  I had a $31.67 fat lady clothing company bill.
*  I had a $76.00 dental bill for a filling repair.

The Food Budget costs for April are in another post, which is located HERE.  Food costs are included in the credit card payment(mainly but sometimes our WAM cash too).

So we end April in the black with a $414.19.  Added to the Slush Fund going into April at $20,673.38 makes it go into May at $21,087.57.

The Sinking Fund goes into May 2019 standing at $468.37 since nothing was paid out of it in April.

FINAL THOUGHTS on April---
It was a good, lower spending month.  We mostly sat home and didn't spend out of the ordinary this month.  No irregular bills were due.  We finally hit our healthcare deductible OOP so lower medical charges going forward.

THOUGHTS going forward into May 2019----
May should be pretty low in the spending department too.
Electric will be lower as the heat is off.
No more big eye doc bills for the rest of 2019.
The c/c bill should be much lower than in April.
The only "ugly" bill is the semi-annual car insurance bill is due in May and Ex-College Boy pays his cut which is about 1/3 of that bill.
The daughter graduates and moves out so electric/water/food consumption will go down going forward.
We still have not needed to make a 401K withdrawal in 2019 to this point.  We still have a nice cushion of Slush Funding so 401K can sit and make us interest. 8-)))

So how was your April financially?
  

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

2019 Income & Spending Report......the February Edition

Now that we are living on an annuity and 401K$ withdrawals, 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.

Two changes we implemented for 2019 at our financial meeting in Jan.--

* Hubs wants to take $150 per person WAM(aka Walking Around Money)in 2019.  I found last year's $100 per month adequate but Hubs chafed at that little so we are upping it this year to $150 per person per month.
                                                                                                                                                           
*As for our 2018 Slush Fund, this is how we are going to handle it in 2019......
We won't be taking a quarterly 401K withdrawal in 2019 until we "need" to, instead of taking one each quarter as we had planned back in 2017 when Hubs retired.  Why pull 401K monies out when they are earning more than our other regular bank funds?  Use those instead for now!

Since the Slush Fund ended 2018 with $23,164.17 in it and the Sinking Fund ended 2018 with $468.37 in it, we are, for now at least, not take any more 401K withdrawals and use what is in the Sinking Fund and/or Slush Fund to cover all irregular bills that come up in 2019.

I have set up a page to track the Slush Fund.  Click on the tab marked "Slush Fund 2018-2019" at the top of the blog.

  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 February report---

I had 2 goals for February.....
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 2019.

I can report that we finished up February in the RED. *whomp whomp*
The amount we ended the month of February with?.....-$55.12

Income or Funds We Can Access

The "income" in February---

* Monthly annuity payment of $3218.16(after tax withholding)
* RMSA(Healthcare account)reimbursement of $1863.84
* Interest earned on non-retirement accounts of $374.59
Total "Income" for February....$5,456.59


Expenses in February---

* Healthcare Premium for February was $1,848.67(paid for with RMSA reimbursement)**
* Variable Expenses in February came to $3,663.04
Total Expenses....$5,511.71

** The folks holding our retirement medical reimbursement account screwed up last month's reimbursement and shorted us a bit.  This month we got that shortfall back so that amount is a bit higher than it usually is.

Sinking Fund--The balance in the Sinking Fund coming into February at $468.37. Nothing was paid from this fund so it goes into March at $468.37.


We went into February with $23,573.94 in the Slush Fund.
Deduct February's shortfall of $55.12 and the Slush Fund goes into March at $23,518.82.

Outgo

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

HERE are the GOOD THINGS

*  Phone charges and internet were approximately the same as in January.(Within $2 or so).
*  The water bill was approx. the same as last month.
*  WAM monies was the same as in January.
*  The gas card bill was $30.61 less than last month(actually we didn't use the gas card last month).
*  The health insurance premium was the same as in January.

HERE are the BAD THINGS

*  The electric bill was up $67.84 from than last month.(Have I said how much I hate Winter and will      be glad when the kids move out yet?)
*  The c/c bill was $549.72 higher than last month.
*  Hubs had $27.71 in charges on his Discover card in February.
*  I had $30.16 in charges on my Amazon card(for a health supplement).

The Food Budget costs for January are in another post, which is located HERE.  Food costs are covered in the credit card payment(sometimes our WAM cash too).

So we end February in the red with a shortfall of $55.12, which was pulled from the Slush Fund overage, leaving the Slush Fund at $23,518.82 heading into March.
The Sinking Fund goes into Marcy 2019 standing at $468.37 with no deposits made into it in Feb.

FINAL THOUGHTS on February---
I was prepared for it to be worse financially than it turned out to be.  While the c/c bill was higher than last month there was a lot of unavoidable spending on it.  Usual grocery spending and the monthly cell phone bill were on there but then we had ex-College Boy's birthday meal out, my new 2 pr. of glasses(could have been MUCH more $$$ if I had bought them at VisionWorks)and then there were three, count 'em three car expenses......1-my inspection and 4 new tires(and balancing), 2-Hubs' car inspection and 3- he needed new brakes/pads/etc. at a cost of $417.14.  So just those 5 irregular expenses came to $1,374.34.  Add in Hubs paid his chess subscription and then made a contribution to the Libertarian Party(which I contend he should pay for out of his WAM!loz)and we ended up with a rather high c/c bill for a non-Holiday spending month.
bleh.

THOUGHTS going forward into March 2019----
March........March will be ugly.
Besides a $2,152.50 eye doc bill(haven't met our medical deductible yet for 2019)I have to pay this week, we've got 3 irregular bills due in March; a quarterly long term care premium, county/municipal taxes on the house and the yearly sewage bill.  If none of these have gone up since 2018(don't know on two of them yet)we're looking at $2,357.94 for those 3+ the eye doc bill =$4,510.44 besides the usual suspects(reg. monthly bills).
These 4 bills will all be coming out of the Slush Fund.
Otherwise the all the regular bills should be about normal except for some trip eating out/travel expenses(gas/tolls/motels/etc.).  Again anything out of the ordinary we can pull from the Slush Fund to cover it if needed.
On the other hand.......there will be some dividend interest in March(not that that little bit of $$ will offset $4K in bills but it's "something" lol).
Any way I can keep spending in check in March I'll attempt it.  I'd like to keep the spending below our income level(except for those 4 irregular bills).  That will make me feel much better when March is over.

So how was your February financially?
  

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

2019 Income & Spending Report......the January Edition

Now that we are living on an annuity(like a pension) and 401K$ withdrawals(retirement savings), 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.

Two changes we implemented for 2019 at your financial meeting in Jan--

* Hubs wants to take $150 per person WAM(aka Walking Around Money)in 2019.  I found last year's $100 per month adequate but Hubs chafed at that little so we are upping it this year to $150 per person per month.
                                                                                                                                                             
*As for our 2018 Slush Fund, this is how we are going to handle it in 2019......
We won't be taking a quarterly 401K withdrawal in 2019 until we "need" to, instead of taking one each quarter as we had planned back in 2017 when Hubs retired.

Since the Slush Fund ended 2018 with $23,164.17 in it and the Sinking Fund ended 2018 with $468.37 in it, we are for now at least not take any more 401K withdrawals and use what is in the Sinking Fund and/or Slush Fund to cover all irregular bills that come up in 2019.

I have set up a page to track the Slush Fund.  Click on the tab marked "Slush Fund 2018-2019" at the top of the blog.

  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 January report---

I had 2 goals for January.....
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 2019.

I can report that we finished up January in the black.
The extra amount we ended the month of January with?.....$409.77

Income or Funds We Can Access

The "income" in January---

* Monthly annuity payment of $3218.16(after tax withholding)
* RMSA(Healthcare account)reimbursement of $1833.50
* Interest earned on non-retirement accounts of $386.58
* Blog revenue of $161.02(3 months worth)
* Withdrawal from my Paypal account of $233.72.
Total "Income" for January....$5,832.98


Expenses in January---

* Healthcare Premium for January was $1,848.67(paid for with RMSA reimbursement)**
* Variable Expenses in January came to $3,574.54
Total Expenses....$5,42321

** The folks holding our retirement medical reimbursement account screwed up and didn't reimburse the bit for the dental payment we made, thus we paid $1848.67 but only got $1833.50 back.  the shortfall will be accounted for when it finally comes in.

Sinking Fund--The balance in the Sinking Fund coming into January at $468.37. Nothing was paid from this fund so it goes into February at $468.37.


We went into January with $23,164.17 in the Slush Fund.
Add in January's overage of $409.77 and the Slush Fund goes into February at $23,573.94.

Outgo

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

HERE are the GOOD THINGS

*  Phone charges and internet were approximately the same as in December.(Within $2 or so).
*  The gas card bill was $89.71 than last month(mostly these charges went on the MasterCard rather than the gas card so not necessarily lower).
*  The health insurance premium was the same as in December.
*  The c/c bill was $877.01 lower than last month.
*  I paid for a whole year of garbage removal in January for a 1 month discount over the regular yearly price.

HERE are the BAD THINGS

*  The electric bill was up $18.96 from than last month.
*  The water bill was $4.56 higher than in January.
*  The WAM withdrawal was $100 higher than last month.(Agreed upon change.)
*  Hubs had $82.04 in charges on his Discover card in January.
*  I had $134.60 in charges on my Amazon card(mostly my Prime renewal).
*  I had $20 in charges on my fat lady clothing charge card.

The Food Budget costs for January are in another post, which is located HERE.  Food costs are covered in the credit card payment(sometimes our WAM cash too).

So we end January in the black with $409.77 in overage, leaving the Slush Fund at $23,573.94 heading into February.
The Sinking Fund goes into February 2019 standing at $468.37 with no deposits made into it in Jan.

FINAL THOUGHTS on January---
Not a bad month really.  Food spending a bit higher than I wanted it.  We paid an annual irregular bill out of reg. income and not the Sinking Fund and still have just over $400 extra money to carry into February.  The only troubling item is the RMSA account folks shorted us on our premium reimbursement.  I hope that doesn't take forever to straighten out(and doesn't happen again!).  If it does it's only $15.17 and not the end of the world but it does screw with my accounting. ;-)

THOUGHTS going forward into February 2019----
February.......let's see what's coming up.
NO irregular bills in February(but March we've got over $2600 worth).
The credit card bill is going to be high for Feb. mostly due to getting new tires and sensors on my car,  paying for new glasses,  my car was due for an oil change(synthetic oil=$$$), there is Birthday meal spending and Hubs spent $200 on two subscriptions on this statement coming up.  We are almost up to $2K in charges and the statement doesn't close for another 6 days.....I think I need to keep Hubs home this week so he can't spend anything. lolz
I don't see anything unusual outside of these items.
Everything else will be normal spending(well, the electric bill will be seasonally high(hello Polar Vortex!).

So how was your January financially?
  

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

What We Spent in 2018 & The January $$$ Meeting

What We Spent in 2018

2018 was the first full calendar year of Hubs retirement so I wanted to look back on how we did financially that first full year of retirement.

Our income included.....
*  12 months of an Annuity payment which came to a net of $38,482.83.
*  12 months of Interest earned on deposits which came to $4,053.05.
*  3 quarterly 401K withdrawals which netted us a total of $15,450.57.
*  4 quarterly Dividend payments which netted us a total of $395.43.
*  Blogging Revenue over the whole year of $490.29.
*  eBay Sales net for the year of $177.09.

This totals $59,049.26 of income in 2018*.

(* I took the Healthcare Premiums and the RMSA reimbursement out of the equation as the RMSA took care of the premium and this didn't impact our other finances.  Being a reimbursement account it's not technically income.)

(* I am not counting our Federal Tax Refund or any Cash Rebates/Refunds received in our "income" for this purpose, as those are not taxable.)


All our 2018 expenses came to $43,107.38.

This amount was from......
*  $34,275.98 in regular monthly expenses(utilities, food/toiletries/HBa/paper goods, internet, gas, medical we paid OOP, cash taken, c/c bills).
*  $8,831.40 in irregular bills(sewage, garbage, various insurances, taxes).

After expenses we had $15,941.88 leftover income when 2018 was said and done.

We also have $1016.74 in the Sinking Fund that carried over from Dec. 2017 into Jan. 2018 to account for in the overage.
Add in our tax refund, cash rebates/refunds and we finished the year with $23,237.05 in leftover funds.

I'd say, considering a few things, we did ok in 2018.......
Considering we were partially supporting 2 adult children.
Considering we owned a second house in LA for part of the year.
Considering we paid some tuition in Jan. of 2018 for Ex-College Boy.

In hindsight we probably could have done without any 401K withdrawals in 2018.
But Hubs insisted we take them.

Originally he wanted to take 4 withdrawals of $9K each but I talked him into taking only 3 withdrawals of $6K which was exactly half of what he planned.  ;-)
And even with half, we still had a boatload of cash leftover.  8-)))

The difference between our 401K in Jan. 2018 and Jan 2019 was only $5K....so our $18K in withdrawals for 2018 dinged our 401K to the tune of only $5K.

The January Financial Meeting

We sat down in January and went over all the numbers with Hubs and two things will change.

* Instead of taking 401K withdrawals in 2019 to cover irregular bills/to fund the Sinking Fund, we will use reserves of cash(in the savings and checking accounts)to cover irregular bills.
At least for now.

I'd rather use the cash earning less than what the 401K funds are earning to pay these bills.
Makes a lot of sense to me and Hubs agreed.

*  The other change is to how much WAM we take each month for personal use.  I am fine with the $100 we were taking but Hubs chafes at this limit.  So for at least the foreseeable future we will increase the WAM to $300 a month($150 for each of us).  I hope this stops his bitchin'.....lolz

My needs are few and my wants are simple(mostly).  Hubs?...who knows at this point.

*  We have a few large expenses coming in 2019 that aren't covered in the usual or irregular bills.

Both of our cars need new tires....mine need them tout suite.  My car has under 28K miles on it but the tires are coming up on 5 years old and they are starting to disintegrate and leak.  We are figuring $2K should cover both sets of tires.

Come Spring we will be getting some work done on the house.  Expensive things like remodeling a bathroom, new windows for the whole house, refurbishing the kitchen, replacing 2 bedroom's carpeting.  That stuff ain't cheap.

All these expenses will be talked to death here and we'll figure out how to handle them in time. ;-)
Retirement planning continues to be a moving target.....like nailing Jello to a wall.


How is your retirement going financially?
Do you revisit your finances periodically and revamp your plans?
What has been your biggest financial challenge in retirement?


Sluggy

Where the Money Stands....1 Year Into Retirement

This is what I envisioned before Hubs retired last year.

But we have pretty successfully navigated the waters of Retirement Year One.
Hubs has been retired one full year as of June 30th.

So it's time for a financial update at the one year mark.

Here is what the money breakdown was on July 1st of 2017......

* Pension account--This gives us an income stream of $3,173.13 per year.
* Retirement Savings
* Cash & Regular Savings
* HSA(Health Savings Account)
* RMSA(Medical Savings Account)
* Personal Days Payout(This was rolled into the Cash & Regular Savings after it was paid out July 2017.)
* Stock Account

And here is what the money breakdown is on July 1st of 2018.....

* Pension account--This gives us an income stream of $3,218.16 per year.  Taxes went down on this income stream in Feb. 2018 so we see $45.03 more per month than in July 2017.

* Retirement Savings--The total in that account is $5,916.10 more than what was in it on July 1st 2017.
We have withdrawn $6,000 from the account in this first year of retirement too, which means it grew $11,916.10 in interest this past 12 months.

* Cash & Regular Savings--$66,667.68 more in this pot than July 1st 2017.  The Personal Days were rolled into this, as well as the proceeds from selling the house in Louisiana, a federal tax return and some interest gains all account for this increase over July of 2017.

* HSA--This account is $2,321.40 less than July 2017.  Paying medical bill co-pays from this.

* RMSA--This account is $19,774.65 less than July 2017.  Paying healthcare premiums from this.

* Stock--Is worth $2,241.33 more than July 2017.  Stock went up a bit.

Overall we have $52,729.06 more in assets we can access on July 1st 2018 compared to July 1st 2017.(This doesn't count the pension account since it's a guaranteed income stream for life and not an account that can be liquidated if need be.)

Costs have been pretty stable here and no big financial emergencies have arisen so far.  We are living below our means, paying our bills, eating well, getting things taken care of and splurging a little.
No real travel yet but that's coming later this year.

I have calmed down about spending what we've built up over so many years.  It's still hard wrapping my head around spending down the money and I catch myself sometimes getting stressed but not as often as a year ago.

My life didn't change all that much when Hubs retired fully last July.  He's home more than I'd like(I had gotten use to having the house to myself most days)but we stay out of each other's hair.  He's got his routine and I've got mine.  He is considering doing some contract work for his former boss on an interim basis in the coming year.  I think he misses his work more than he lets on.

So that's about it.
Any questions, just ask. ;-)


Sluggy

2018 Income & Spending Report.....April Edition

Now that we are living on an annuity(like a pension) and 401K$ withdrawals(retirement savings), 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.
But this money leftover at the end of each month, at least for now(as we find our new financial "normal")won't be saved toward a yearly Savings Challenge.  This leftover cash will go into a "Slush Fund" for now to be used if we have any emergencies.

  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 2018 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 2018.

I have to report that we finished up April in the black.
The extra amount we ended the month of April with?.......$2,161.32

Income or Funds We Can Access

The "income" in April---

* Monthly annuity payment of $3218.16(after tax withholding)
* RMSA(Healthcare account)reimbursement of $1813.48
* One third of 401K withdrawal balance(after funding Sinking Fund)for Apr. of $1255.65 #
* Interest earned on non-retirement accounts of $337.99
* Blogging Revenue of $131.85
* Sinking Fund addition of $1383.24(from 401K withdrawal)

Total "Income" for April......$6,757.13 **

**  We got our federal tax refund this month as well-$5744.00.  After expenses and additional taxes paid in April(reported under variable expenses in the Expenses for April section below)our net refund stands at $5362.97.  I am not counting this windfall in with the 'Income" I report yet.  We need to decide what to do with this money first.  If we decide to put it into the Slush Fund/Overage monies I'll add it at that point.  If we decide to with go a 401K withdrawal next quarter and use the tax refund instead,  I will report/add it appropriately to the Sinking Fund and those 3 monthly "income" pots.

# We made a 2nd quarter 401K withdrawal in April of $6K.  After withholding for taxes due we got $5170.70 net.  $1383.24 of that gets put into the Sinking Fund to cover irregular bills coming due this quarter(long term care insurance due in April, car insurance due in May). $3766.95 is the balance of the 2nd quarter 401K withdrawal.  This got divided by 3 and gives us $1255.65 extra in April to add to the income for the month(May and June will also get $1255.65)for general expenses.


Expenses in April---

* Healthcare Premium for April was $1813.48.(paid with RMSA reimbursement)
* Variable Expenses in April came to $2782.33.
* Long Term Care insurance came to $449.98.(paid for Sinking Fund)##


## The Long Term Care insurance expenses are due in April.  The carryover in the Sinking Fund coming into April was $1056.23.  $1383.24 of the 2nd quarter 401K withdrawal gets added in giving us $2439.47-$449.98 LTC insurance bills leaves us $1989.49 in the Sinking Fund going into May.


We went into March with $8201.11 in the Slush Fund.
Add in April's overage of $2161.32 to the Slush Fund and it stands at $10,362.43 going into May.

Outgo

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

HERE are the GOOD THINGS

*  Phone charges and internet were approximately the same as last month(Within $1 or so).
*  The water bill was $6 lower than March.
*  The electric bill was $52.93 lower than last month.
*  The gas card charges were $86.28 lower than in March.
*  The cash WAM withdrawals was $190 lower than last month.
*  The medical payments were $174.74 lower than in March.
*  The LA house electric bill was $4.97 lower than last month.
*  The health insurance premium was the same as in March.

HERE are the BAD THING

*  The credit card bill was $487.42 higher than in March.
*  Quarterly long term care insurance was due this month. This irregular bills is paid out of the Sinking Fund account.
*  We had to pay $100 to a handyman in LA to fix something on the house.
*  We had to pay state taxes to LA in the amount of $33.(State taxes paid to PA are reflected in/accounted for in the credit card bill for April.)

The Food Budget costs for March are in another post, which is located HERE.  Food costs are covered in the credit card payment(sometimes WAM cash too).

So we end April in the black with $2161.32 in new general overage so once it goes into the Slush Fund that Fund goes into May standing at $10,362.43. ($8201.11+$2161.32=$10,362.43).
The Sinking Fund goes into May standing at $1,989.49

FINAL THOUGHTS on April---No big charges I didn't know where coming in April and the "usual suspects" aka the variable bills were pretty low.  Nice and boring, the way I like it. ;-)

THOUGHTS going forward into May 2018----This month there is an irregular bill due-our semi annual car insurance bill, and this will be paid out of the Sinking Fund balance. 
Electric costs should continue to go down. 
We will be getting a $200+/- dental bill in May to pay out of the regular monies, not the HSA. 
We are still waiting to hear about when the closing on the LA house is(should be soon as we are just waiting on the buyer's appraiser to sign off after repairs were made)so if we get that done in May there will be proceeds of that sale to put somewhere.....but hey!, that's a good problem to have. 8-)

So how was your April financially?
  

Did you spend less than the income you had in April?
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!

Make this year was the one were you clean up your finances and pay off your debts.
Plan to set something aside if you didn't already or increased what you have banked now for your future self.
Or pay extra on the principle of your mortgage if your house isn't already paid off.

Live below your means and keep some change for a rainy day....because no matter how sunny it is in your life now, dark clouds come along and you'll be glad you have that umbrella to keep you dry.

Sluggy