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March Minimum Wage Challenge Successful

April 1st, 2006 at 10:50 am

In March, I spent $1007.45. $1073 was my base budget (CA minimum wage $6.75 x 40 x 4.33 less SDI/FICA) plus the $6.73 recycling, for a total of $1079.73 available. I needed to underspend; it does NOT mean Im ahead the $72.78. This is banked for non-monthly expenses, such as my car insurance in July. I did put $39.00 in savings, but I would like to not have to touch that at all.

Ive managed to figure out how to include the amounts in a readable format, by making a spreadsheet excerpt a picture.

It's ironic that I started this in a month with an extra biweekly paycheck and my two tax returns. A lot more money came in than usual, and a lot less went out.

I did play poker last night. We have a group that attempts to play every other Friday, but weve been a little inconsistent. Id say I play maybe once a month. I had saved my previous winnings, and had already decided to only play with won money. I hadnt really kept track last year, but this year had decided 1) to see how much I improved (or not) and 2) to ensure I kept better track. It had been hard because I rarely use cash. Id take out money, win, break even, sometimes lose, then Id spend the cash, and lose track. So I decided this year to keep it separate. Last time I won $42. I put that in a jar and kept it separate. Thats what I have to play with, and its outside the challenge and regular budget too. This time I lost $16. So if I play poker again, I have a maximum of $26 to play with. If I lose that, I will have to seriously evaluate whether this hobby is worthwhile.

2 Responses to “March Minimum Wage Challenge Successful”

  1. Ima saver Says:

    Wow, you are doing great!!

  2. contrary1 Says:

    I'm so impressed with your commitment to your personal challenge. I've been following your progress and can't wait to hear what you learn from the whole experiment.

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