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Monthly update

Month End Financial Check Up January 2010

January 31, 2010 by Lulu in Monthly update with 2 Comments


It is the end of the month and I am pleased to report that I came out in the black this month at a total of $42.20 even after all the drama. It is a little bit strange because my paycheck for this month was down by $9.30 as my withholding amount went up. I have no idea why this happened because I did not change anything but I did reduce my zero based budget by $10 to account for this reduction in income.

I got my adsense payment and it really helped to bolster the differences between spending and saving this month. I also got some tiny payments in from Lending Club and Prosper from loans that I have made there so that was also very good cash inflow for me.

I overspent in the area of Utilities because I had that ridiculous electric bill that I was not ready for. Of course I was able to pay the bill in full via my credit card and the card was paid in full by the end of the month but I needed to really watch my consumption of electricity over the next few cold months.

I spent a total of $6 on newspapers to get coupons and redeemed a total of $9 in coupons, for a net of $3 which is not too bad but could also be a lot better. In case you have not been following my CVS posts I also used coupons there but did not include them in the totals for the month. I will be including the coupons spent at CVS from February to get a more accurate image of what I spend and what I save by using coupons.

I went over my shopping (food, personal items, household stuff) by $1.69!!!!! This means that my No Spend January was not successful strictly in terms of actual numbers. I am going to try to have another No Spend month this February to see where I can really cut down on buying ‘things’.

How was your January financially?


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2 Comments

  1. Laura@nomorespendingJanuary 31, 2010 at 4:39 pmReply

    My January was bad; post to come on Tuesday! You are so organised with your money tracking, I need to follow your lead in February :-)

  2. JFebruary 1, 2010 at 12:15 amReply

    “It is a little bit strange because my paycheck for this month was down by $9.30 as my withholding amount went up. I have no idea why this happened because I did not change anything”

    I think this has to do with the Making Work Pay Tax Credit
    http://www.irs.gov/newsroom/article/0,,id=204447,00.html

    In 2009 since it was over a shorter time-frame (bill was passed in February) the per month amount was higher.
    However, in 2010 its over the entire 12 months.

    In both cases the total annual dollar amount of the Tax Credit is the same.

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