Wednesday, April 2, 2008

March Spending Analysis

In summary, our expenses in March exceeded our income by $74.99.

Actual Income for March
category/planned income/actual income/difference
15th paycheck/2188.00/2188.00/0.00
1st commission/265.00/265.00/0.00
1st paycheck/2188.00/2188.00/0.00
babysitting pay/160.00/160.00/0.00
church paycheck/50.00/0.00/-50.00
Total Income/$10,411.00/$11,519.70/$1,108.70

Actual Expenses for March
AUTO-excise taxes /115.00/115.00/0.00
AUTO-gas /500.00/266.71/233.29
AUTO-insurance /138.00/138.00/0.00
AUTO-maintenance /0.00/0.00/0.00
CASH-clothing /50.00/0.00/50.00
CASH-dining out /0.00/132.53/− 132.53
CASH-gifts /100.00/89.39/10.61
CASH-groceries /300.00/333.66/− 33.66
CASH-kids allowance /0.00/0.00/0.00
CASH-parties /50.00/0.00/50.00
CASH-school lunch /50.00/0.00/50.00
CASH-spending /200.00/914.84/− 714.84
DEBT-HELOQ /1100.00/1372.51/− 272.51
HOME-cable /181.00/0.00/181.00
HOME-electric /187.00/162.45/24.55
HOME-maintenance /0.00/0.00/0.00
HOME-mortgage /2355.00/2328.77/26.23
HOME-oil /350.00/370.02/− 20.02
HOME-trash /65.00/65.00/0.00
MISC-other /90.00/310.80/− 220.80
PERS-BR sports /0.00/0.00/0.00
PERS-camp /0.00/0.00/0.00
PERS-cell phone /0.00/0.00/0.00
PERS-contacts /0.00/0.00/0.00
PERS-Kids misc. /0.00/16.00/− 16.00
PERS-Kids piano /0.00/264.00/− 264.00
PERS-Kids sports /0.00/0.00/0.00
PERS-life insurance /256.00/256.00/0.00
PERS-newspaper /8.00/0.00/8.00
PERS-preschool /175.00/350.00/− 175.00
PERS-prescriptions /0.00/9.01/− 9.01
PERSONAL-braces /100.00/100.00/0.00
SAV-future expenses /4000.00/4000.00/0.00
SAV-heating system /0.00/0.00/0.00
SAV-vacation /0.00/0.00/0.00
Total Monthly Expenses/$10,370.00/$11,594.69/− $1,224.69

Summary for March (Review)
actual income/$11,519.70
actual expenses /$11,594.69
remaining/− $74.99

Monthly Details: In summary, our expenses exceeded our income by $74.99.

Income: Our income was $1,108.70 greater than we had expected. This was primarily because we received a check for $460 from our Flexible Spending Account (health expenses reimbursed from pre tax money), we received two reimbursement checks from my husband's company for (work related expenses he had incurred) $112 and $44, and some income from some items I had sold on ebay.

Expenses: Our expenses were $1,224.69 greater than we had expected. Some reasons for this were - we paid $272.51 more than we had planned on our debts (yeay snowflakes!), we spent $220.80 more than we had planned in misc. (mostly jewelry supplies for my jewelry business which needs to be separated from our personal expenses, plus a $15 stupid tax for a check that bounced), $264 more than planned for the kids piano lessons (was budgeted for last month but not paid until this month), and $175 more than we had planned for preschool (also budgeted for last month but not paid until this month).