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Payday

November 2nd, 2012 at 05:20 pm

Today is payday. Here is what I plan for the money:

Income:
salary 1462.
from son for rent - 100.00
From son for car pymt - 90.00
Child support - 340

Total Income: 1992.

Expenses:
personal loan from MIL - 100
car payment - 300
gas - 150
groceries - 100
cable/internet - 157
transfer to rental checking - 280
to mom - 175
cheer - 55
Health insurance for DD - 486
weight watchers 42
savings - 100

Total Expenses - 1945.00

beg balance - 4.10
plus income - 1992
less expenses - 1945.00

leaves %51.10 for the two weeks.

It felt really good to be able to give my mom some money. I hope I can keep it up.



Posted in Misc Thoughts and Updates | 19 Comments »

19 Responses to “Payday”

  1. scottish girl Says:
    November 2nd, 2012 at 05:59 pm 1351879183
    1351879183

    How did your fiscal fast go?

  2. North Georgia Gal Says:
    November 2nd, 2012 at 06:00 pm 1351879251
    1351879251

    Terrible. I couldn't control my urges to spend money. I am starting over tomorrow.

  3. scottish girl Says:
    November 2nd, 2012 at 06:08 pm 1351879731
    1351879731

    You can do it! Smile

  4. BuckyBadger Says:
    November 2nd, 2012 at 07:08 pm 1351883282
    1351883282

    Any thoughts on the cell phone?

  5. ThriftoRama Says:
    November 2nd, 2012 at 07:57 pm 1351886231
    1351886231

    One day at a time on the fasting. it's like dieting. You can giv eup just because you slipped and had a bowl of ice cream.

  6. LuckyRobin Says:
    November 2nd, 2012 at 09:03 pm 1351890207
    1351890207

    Curious as to why your son's rent is so low? I thought he had friends sharing the place with him who would be contributing. Have they not moved in?

  7. HouseHopeful Says:
    November 2nd, 2012 at 09:27 pm 1351891671
    1351891671

    Every day is a good day to restart. Good for not waiting Smile One thing that I find helpful with eliminating frivilous spending is to stay busy. I do a lot of cleaning/organizing when I am low on spending money Smile

  8. North Georgia Gal Says:
    November 2nd, 2012 at 09:51 pm 1351893065
    1351893065

    Lucky Robon: I deduct my son's portion of the rent from his checking account that we share. The other renters pay me on the first of each month.

  9. Maggie Says:
    November 2nd, 2012 at 11:14 pm 1351898050
    1351898050

    NGG ... so, the other renters' money should be added into your income, right, giving you more than $1,992?

  10. BuckyBadger Says:
    November 3rd, 2012 at 12:17 am 1351901838
    1351901838

    I'm a little confused about the rent situation, too. If you're not getting paid by them either, why bother renting it at all?

  11. Jane Says:
    November 3rd, 2012 at 02:14 am 1351908891
    1351908891

    How often is your daughter's health insurance payment due? Yearly? Every 6 months? I assume it is not monthly because if so, the insurance premium alone would be more than your child support payment

  12. FrugalTexan75 Says:
    November 3rd, 2012 at 02:44 am 1351910687
    1351910687

    NGG - I just noticed in your budget you cable/internet bill - $157?? How does that break down between cable and internet? Is there any way you can lower this (maybe call provider and say you're going with another company if you can't get a better deal or something)

  13. North Georgia Gal Says:
    November 4th, 2012 at 05:18 pm 1352049521
    1352049521

    BB: I have looked into prepaid but unfortunately where we live we don't have access to any of the prepaid companies. The only companies that offer service here are verizon and att.

    Maggie: I don't add the other rent into income because it is put directly into the rental account and not included in my cash flow. I also don't include the mortgage that I pay in my payday updates.

    Jane: the health insurance is once a month. I get roughly 700 in child support each month.

    FT: I have looked around. We only have two options for cable/internet/phone. And I went with the cheaper of the two.

  14. crazyliblady Says:
    November 4th, 2012 at 05:28 pm 1352050106
    1352050106

    What about asking your daughter to contribute some funds towards her cheer activities by doing some work like babysitting or something like that? $55.00 for one month seems awfully expensive. Is that every month?

    Your daughter's health insurance does seem awfully high. Do you get this through your work?

    Is the gas your gas/heating bill or gas for your car? If it's for your car, $150 seems high.

  15. North Georgia Gal Says:
    November 4th, 2012 at 05:37 pm 1352050664
    1352050664

    Crazy: My daughter already does so much around my house and my mom's house without being paid for it.

    Health insurance is high...due to some procedures she had to have done. It isn't through my work, which would have been double what I pay now.

    Gas is for the car, 75 per week. I drive about 25 miles one way to work 5 days a week and I drive a big explorer.

  16. LuckyRobin Says:
    November 4th, 2012 at 09:57 pm 1352066247
    1352066247

    Have you considered dropping cable and just keeping internet? Almost every show that is not on one of the premium channels is available free from the station's website for up to 5 weeks. NBC, ABC, and CBS have next day viewing of their primetime shows. Fox and the CW have viewing of new episodes 8 days after airing. I pay a smidge over $70 a month for high speed cable internet. If I had cable TV as well, I'd be paying $160, so it's quite a substantial savings.

  17. FrugalTexan75 Says:
    November 4th, 2012 at 10:23 pm 1352067829
    1352067829

    NGG - Ok. If cable is a must keep, have you checked into getting the very basic package? When I had cable, I had the basic package (I had to ask specefically for it) which started at $10/mo (eventually they kept raising it, which is why I eventually just did away with cable.) If you can do without cable, then you could always go with Netflix or Hulu for shows that aren't free on the stations websites.

    Even if the internet is $60/mo and you added Netflix, you would be able to reduce that line item in half by cutting out cable. (Maybe get a digital antenna for the basic network channels?)

  18. Jerry Says:
    November 5th, 2012 at 12:22 am 1352074944
    1352074944

    Hang in there. That is great that you could pay your mom, and I'm sorry that the insurance costs for DD lead to such a high payment each month. Good luck!
    Jerry

  19. Sharon Says:
    November 21st, 2012 at 05:44 am 1353476672
    1353476672

    Creating a list is a great idea. I can see that you have a lot of expenses. Like some people who suggested here, there are ways to trim down the cost on other necessities. However, I am really impressed that you still provide effort in giving some to your mom. Great job and I am sure there will be some improvements.

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