Welcome to the October 2015 Accountability & Budget Recap post!
Well. This month did not go as anticipated.
H went on a business trip and did not get reimbursed. In fact, although he will be reimbursed for his flight, he is not sure whether he will get reimbursed for food. He ate cheaply, and we can write it off on our taxes (if he isn’t reimbursed), but this still hit us hard.
He also bought a business-related item and two suits. All in all, we spent $1168 on business expenses this month. Ouch.
I had to pull money from first our sinking fund (which dipped down to below $100 this month) and then from our Money Market account (which is where we hold our emergency fund / house-downpayment fund). In order to reimburse all of those accounts, we will have a cold, cold November, with no money going towards debt (beyond minimum payments) or savings. As I mentioned in the October 2015 Budget Preview post, we wanted to save all of our extra funds for a while to build up our savings, in case of a possible job change (or loss) in May 2016.
This post is broken into two sections: Budget and Debt Eradication.
Budget Accountability for October 2015:
You won’t see the spending that we did on business-related stuff, because I didn’t budget for it. Sigh.
- We saved money on gas this month!
- The nice weather meant that we didn’t spend money on heating or cooling, really, in September (because we pay September’s bill in October).
- Came in under budget on restaurants, which almost balanced out the over-spending we did at grocery stores.
- We had more slush fund spending this month than anticipated – I bought two baby shower gifts (which I had planned to buy in November instead of October, but I decided to move forward with them because I didn’t want to forget to buy them!)
- The lawn guys finally gave us our bill – this should slow down over the winter, of course, but apparently they mowed more than I thought between the last time we paid and now.
Total Debt Eradication for October 2015: $783
- $462.94 extra payment sent to Loan 1 & Loan 2 (This wasn’t as big as usual because we put a good chunk into savings instead of sending it to Debt Eradication. This money came from snowflaking and the little bit of money we had left over beyond $5000 from our paychecks.)
October 2015 Net Income: $1,404.84 (I honestly do not even know how we managed to pull this off, given how much money we spent. But I trust Mint.com!)
Snowflaking: $288.27 (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 September)
$41.11 – reimbursement from my mom (I can’t even remember what for)
$50 – H’s side hustle
$25.16 – used books consignment
$15 – from Gazelle for an iPad (first gen!)
$50 – Swagbucks (<– referral link, but it’s totally awesome!)
$107 – H’s side hustle
- $0 (January)
- $56 (February) – yeah!
- $20 (March) – woot!
- $80.31 (April) – yay!
- $44.20 (May) – whee!
- $20 (June) – woohoo!
- $12.82 (July) – what what!
- $60.35 (August) – wowie zowie! (can you see that I’m running out of imagination on my happy exclamations?)
- $44.48 (September) – good golly!
- $40.16 (October) – yippee!
2015 Consigning total so far: $378.32
2015 Mintly Snowflaking Goal Progress:
- $110.01 (January)
- $929.75 (February)
- $649.58 (March)
- $534.50 (April)
- $289.84 (May)
- $273.91 (June)
- $292.02 (July)
- $430.55 (August)
- $539.38 (September)
- $288.27 (October)
2015 Snowflaking total so far: $4,049.54
Life Accomplishments this Month:
- Still KonMari-ing, but I’m hung up on pictures right now. And the back bedroom has a bunch of stuff in it that needs to be cleared out through the KM process, and that’s kind of annoying, since I had already mostly done that room. It really just means that I need to get rid of more. UGH.
- Had a Pumpkin-Carving party at our house, which was also a potluck, so it was fun and cheap.
- A bunch of stuff that I consigned last month has sold, and I’ll be picking up the check for that this weekend (so I’ll count it in November) – and we’ve donated enough items that we are supposedly going to get back over $1000 for it on our taxes! (The value of the items was well over that, of course – this is just the estimate the ItsDeductible app says may be our tax break… we shall see!)
TL;DR: We spent a lot of money on business expenses this month and had to pull from our savings and sinking funds accounts to avoid going into credit card debt. This means no debt payment and no savings in November unless we get really lucky and have some kind of a windfall! Hope everyone else’s October was more profitable than ours!