Tuesday, July 20, 2010

Expense Report: 2010 Midyear review

Here is a look at how much we've been spending for the first half of 2010.

We spent on average $4,150 a month.

Breakdown (percent of salary):
35% Home
19.6% Gifts & Donations
12% Food & Dining
7.8% Auto & Transport
7.8% Bills & Utilitiess
5% Travel
3.3% Other

Our take home pay over these 6 months was about $28k which means we were able to save about $500 a month or about 9.5%. Let's see what the next 6 months will bring us.

Updated Post: 2010 2nd Quarter Expense Report

Forgot to post this last month

(44%) Home
(21%) Food
(14%) Giving
(9%) Utils Bills
(7%) Auto

Since this included April, we had a huge tax return... go figure with our new house and all...
2nd Quarter Income: $23.4k
2nd Quarter Expense: $10.8k
2nd Quarter Net Income: $12.6k SURPLUS!

That's a great sign :)

Wednesday, July 14, 2010

Where should we start?

Just went through the six month review of the finances with my wife.  Where did we start?

Here is a list of articles that we went through:

Financial Goals for 2010 - I wrote this at the beginning of the year.  How are we doing?
Average American Budget - A good comparison on how we spend compared to average Americans
Family Budget for 2010
Net worth as of June 30, 2010

What are we spending our money on?
Basic spending over the last months - broken down by categories
Expenses:Food - what have spent over the past three years?
Expense:Auto and Gas - spending on cars over the past three years
Comparing Renting vs. Buying - Our decision to buy vs. renting

What are our goals for the future?
Goals for Saving for College
Travel planning
Giving Goals for 2010

Monday, July 12, 2010

Spending by Category - May 2010

Here's the spending report for May 2010.  In comparison we have been eating a lot or just stocking up on a bunch of groceries.  Our June auto expense included two new tires for the mini-van.  Our giving and other funding have been fairly on track.  Same with utilities and other expenses.  I am hoping to reduce our utilities in the near future.  We'll see how that works.

Spending by Categories - June 2010

Here's a look at our June spending.

Thursday, July 1, 2010

Net Worth June 2010 (+2.80%)

This was a weak month, but oh well. Let the numbers speak for themselves.  Cash has been increasing but investments fluctuated.  Meaning we had positive cash flow.  We haven't tithed yet this month, so will have to do that.