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My Average is Low!

December 5th, 2006 at 02:48 am

Iím spending an average of $979 a month! Whoo hoo!

$3,541.57 for my $20 Challenge-see below!

November figures are here, and Iím alive. You can see why I havenít posted in a week...deep shame at my entertainment spending in November. $36.76! What was I thinking! Well, I kid, itís not why I was gone a week and itís not that bad a total. What is upsetting is not that I spent on entertainment, but that I spent a lot of it on takeout that did not give me pleasure. If Iíd spent that money on seeing a show or something, Iíd be perfectly happy to reduce spending in other areas to give myself pleasure.

Other areas did happen to be low. I spent so much on groceries in October that I needed little this month; the total even includes $25 in treats from Trader Joeís (fancy soda, veggie booty, etc.) Health co-pays were much lower too-I get a lot of prescriptions by mail for three months at a time, so my expenses fluctuate.

The miscellaneous is postage. Long story. Well, no, just an uninteresting story.

I expect electric to jump in December; it has been cold enough in the house to see our breaths with ease, so we are doing some heater usage.

I donít expect gifts to be too high in December; I have $26.25 going in, and I bumped my December gift budget to $40, so I have $66.25 to finish Christmas shopping. I am mostly done but I do have a couple big people left. Weíll see how it goes.



I spent $1592 a month last year. My savings are the difference, $1592-$1026 (see below) = $566 times 9 months = $5,094.

Add to that $233 in ďsavingsĒ and $24.21 in my emergency fund, Iíve saved $5,351.21. If I take out what I spend in Europe, $1809.64, which is not part of my Challenge, Iíve saved $3,541.57 living on CA Minimum Wage for 9 months.

* My income is calculated as follows: CA minimum wage of $6.75 for 40 hours a week, at 4.33 weeks in a month, $1178 total. Iíve taken FICA and SDI (CA State Disability Insurance) out for a total of $1073. I had no extra income this month (no recycling) and no overspent categories from last month.
** When I originally began the Challenge March 2006 I assumed no federal or state tax liability. Wrong! Iíd actually owe $47 a month, so I have to budget $95 a month to catch up. So my actual spendable income averaged over each month is my original calculation of $1073 less $47 for $1026.

***$757.87 is the sum of the positive numbers; thatís the amount I have banked and unspent for non-monthly expenses; this does NOT include my savings and emergency funds. It is obviously not what was budgeted less what was spent. Each month I budget for non-monthly purchases; for example, I budget $13 for AAA and car registration every month, but have yet to spend it because it has yet to be due. Thatís why the balance is up to $117. I pay registration in December-so Iíve been preparing for my once a year $79 expense all year long.

3 Responses to “My Average is Low!”

  1. threebeansalad Says:

    Way to go!

  2. DivaJen Says:

    That's pretty incredible. You've got fascinating book material here, btw. Would love to see you pursue that!

  3. threebeansalad Says:

    I second Diva Jen-- not only to you have book material, but you write very well!!

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