Welcome to the June 2015 Accountability & Budget Recap post.
This post is broken into two sections: Budget and Debt Eradication.
Budget Accountability for June 2015:
Note: As the month progressed, we had a few changes I’ll outline below. This budget is not the same that I projected last month (though it still stayed within the same total amount of money we were set to spend).
- Under budget for the month – after some tweaking and re-arranging.
- Food: As always.
Our Budget Changes
- H’s business expenses were WAY lower for the week he was gone. They used their Business Credit Card for all their food expenses, which was great – and we should be receiving a reimbursement for the cost of gas. Because of this, I fiddled with the Business Services Budget to accommodate the gas cost (so any reimbursements can go right to savings or Debt Eradication) as well as the cost of a few business supplies H needed this month.
- Since we were able to lower the Business Services budget by over $100, I was able to add in more to our food budgets to make them a little closer to what we have run in the past. It’s not a good number, I’m not proud, but I’m just saying that’s what I did. Of course we went over, but… yeah.
- We didn’t pay for L’s camp this month, though we should see that check come out early in July (so I’ve built it into our July budget instead). I adjusted the budget for Kids’ Activities accordingly.
- There are lots of Slush purchases this month, and I took some of the money from our other budgets that we weren’t hitting so hard this month (like gas and utilities). For more details about that, you can read my post from a few days ago.
Why did we bother changing the budget, if the total money spent is the same?
I am motivated by Mint.com, and seeing a whole bunch of RED indicating being over budget in different areas is disheartening! Instead, I need to feel like we made it out of this month okay. So, yeah…. I don’t really have a good reason.
Debt Eradication for June 2015: $1,269
- $707.99 extra payment sent to Loan 1 & Loan 2
June 2015 Net Income: -$486.32
Snowflaking: $273.91 (all of this went into our Student Loan Debt Eradication Fund – if it was prior to the middle of the month, it became part of the big supplemental payment we made; if it was after the middle of the month, it’s still hanging out in the account to be used in July)
- $39.01 – leftover from our May paychecks (we snowflake any amount over $5000)
- $100 – my mom gave us a check to help with the utilities cost from their week-long stay. It is ridiculous that she gave us this check and I tried not to take it. (I obviously could have tried harder…)
- $20 – my dad bought a stack of CDs from us that he can sell for more than $20 total. I counted this as consigning for this month.
- $80 – H’s side hustle
- $9.20 – from a Mary Kay order (it had been sitting in my ProPay account for a little while – oops!)
- $25 – American Express Rewards Dollars
- $0.70 – interest income on our checking accounts
- $0 (January)
- $56 (February) – this was unusually high!
- $20 (March) – woot!
- $80.31 (April) – yay!
- $44.20 (May) – whee!
- $20 (June) – woohoo!
2015 Mintly Snowflaking Goal Progress:
- $110.01 (January)
- $929.75 (February)
- $649.58 (March)
- $534.50 (April)
- $289.84 (May)
- $273.91 (June)
2015 Snowflaking total so far: $2,787.59
Life Accomplishments this Month:
- Bought H a new “toy” related to his business – and got it for a steal, by the time we sold the old one and bought the new one. (Okay, that’s still money-related.)
- L has been swimming a few times this month and is finally feeling comfortable doggy paddling (though she is feeling comfortable because we got her Puddle Jumpers – AWESOME). She has been super scared of swimming and we, of course, want her to become more comfortable for her own safety (and our sanity) so we are super psyched that she’s doing so well!
TL;DR: Negative net income but stayed in budget overall. Next Month: FRANCE!