In our family we save money.
It is important to us to put money aside for "rainy days". You know.....those unexpected days when things happen in your life that you can't plan on, but that DO happen and they cost you money you didn't know you'd need to pay out.
Our income is mainly the salary my Hubs draws from his job. We have money taken off each paycheck from the top to put into savings, before we even get our hands on it. This money that's taken goes into various pots....life insurance, investments and retirement savings. It's automatic so we are never tempted to NOT put it into savings.
Once the automatic savings, plus taxes and medical/dental/vision payments are taken out, it leaves what we get to "live on". From this amount we budget for bills, both monthly and irregular bills(semi-annual, etc.) and our variable bills(like food, eating out, etc.) Anything left over once our monthly expenses are paid, I put aside into a Savings Challenge.
For 2013 I am continuing my Yearly Savings Challenge. I am going to keep the Goal amount at $20,000 again this year.
On to the March report.....
I have posted my MARCh End of Month $20K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.
I have 2 goals each month.....
The 1st is to actually finish each month in the black and not the red.
The 2nd is to hit the targeted savings amount of $1,666.67.
I have to report that we finished up March in the black!
The extra cash amount we ended the month of March with?.......$1,352.60
Income
We had $1280.04 left over from our income after our monthly expenses were deducted.
Outgo
HERE are the BAD THINGS
The Food Budget costs for MARCH are in another post, which is located HERE.
The 2013 TOTAL so far.....
With 3 month behind us, our Savings Grand Total for 2013 stands at $5,489.63. Only $14,510.37 left to save and 9 months left to accomplish it.
We just missed our $1,666.67 target goal for the month, but not by much. Considering the yearly taxes and the yearly sewage bills paid, I'd call March. a WIN for us on the money front.
Have you finished paying off those presents from last Christmas you put on credit?
Did you spend less than the income you made in March?
Did you received any "extra" or unexpected money in March and what did you do with it?
Did you stay within your budget or not?
Did you pay off any debt or put extra toward your mortgage principle?
Did you receive a tax refund and what did you do with that money?
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out your progress too and celebrate with you!
Sluggy
It is important to us to put money aside for "rainy days". You know.....those unexpected days when things happen in your life that you can't plan on, but that DO happen and they cost you money you didn't know you'd need to pay out.
Our income is mainly the salary my Hubs draws from his job. We have money taken off each paycheck from the top to put into savings, before we even get our hands on it. This money that's taken goes into various pots....life insurance, investments and retirement savings. It's automatic so we are never tempted to NOT put it into savings.
Once the automatic savings, plus taxes and medical/dental/vision payments are taken out, it leaves what we get to "live on". From this amount we budget for bills, both monthly and irregular bills(semi-annual, etc.) and our variable bills(like food, eating out, etc.) Anything left over once our monthly expenses are paid, I put aside into a Savings Challenge.
For 2013 I am continuing my Yearly Savings Challenge. I am going to keep the Goal amount at $20,000 again this year.
On to the March report.....
I have posted my MARCh End of Month $20K $AVING$ CHALLENGE Totals.Check out the side bar to your right for the specific numbers.
I have 2 goals each month.....
The 1st is to actually finish each month in the black and not the red.
The 2nd is to hit the targeted savings amount of $1,666.67.
I have to report that we finished up March in the black!
The extra cash amount we ended the month of March with?.......$1,352.60
Income
We had $1280.04 left over from our income after our monthly expenses were deducted.
Add in 2 quarterly dividends, some bank interest and a rebate check, and we get another $122.56. This brought our gain to $1,352.60 for March.
Outgo
As for the expenses this March, here are the good and the bad side of things....
HERE are the GOOD THINGS
HERE are the GOOD THINGS
* The water bill was $13.18 lower than Feb.
* The electric bill was $99.82 lower than Feb.(Our heat is electric.)
HERE are the BAD THINGS
* The credit card bill went up $98.91(but was still paid off at month's end.)
* The cash withdrawals were up $200 over last month.
* The doctor bills were up $67.05 from last month.
* The long distance phone bill was up $4.01 from last month.
* We owed $44 in state taxes.
* The yearly sewage bill was paid this month.
* The doctor bills were up $67.05 from last month.
* The long distance phone bill was up $4.01 from last month.
* We owed $44 in state taxes.
* The yearly sewage bill was paid this month.
* The yearly local taxes were due this month.(I received a discount from paying them before April 1.)
The Food Budget costs for MARCH are in another post, which is located HERE.
We managed to stay well within our $400 food budget in March.
The 2013 TOTAL so far.....
With 3 month behind us, our Savings Grand Total for 2013 stands at $5,489.63. Only $14,510.37 left to save and 9 months left to accomplish it.
Looking ahead for April......
* We don't have any quarterly or yearly bills due this month.
* Since #2 Son got his driver's license, we have an additional car insurance bill due this month, to the tune of almost $400. sigh.
* Since #2 Son got his driver's license, we have an additional car insurance bill due this month, to the tune of almost $400. sigh.
* Due to my health scare and visit to the ER and hospital, the bills will start to roll in this month, so I can't even hazard a guess if we'll be able to make our monthly savings target of $1666.67 in April. We shall see in the fullness of time.
So how was your March financially?
Have you finished paying off those presents from last Christmas you put on credit?
Did you spend less than the income you made in March?
Did you received any "extra" or unexpected money in March and what did you do with it?
Did you stay within your budget or not?
Did you pay off any debt or put extra toward your mortgage principle?
Did you receive a tax refund and what did you do with that money?
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out your progress too and celebrate with you!
Sluggy
