July Spending: Red Months Happen

This was one of those months during which I bled money for causes both anticipated (taking the children to an amusement park with the free tickets they got for summer reading) and unanticipated (replacing my laptop). Well, sometimes that happens. I was in the red this month BUT did not have to draw down any emergency savings categories. I covered it all out of normal float and my “spendable savings.” Here’s how it looked:

Income

Library take-home pay: $1456.61

Support: $575

Total income: $2031.61

Expenses

Rent and included utilities: $1082.77

ATM fees: $6.00

Bike tubes and patch kit: $24.17

Laundry: $20

XCel: $18.34

Ting: $33.75

Internet: $9.95

Groceries: $266.94

Wine and a beer at the bar: $18.86

Gas: $30.42

Kids’ allowances: $27.54

School uniform pants: $129.36 (Ouch! Growing boys! But Costco will refund my money if they rip them.)

Restaurants: $57.23

Amazon music: $4.30

Coffee shops: $11.07

Movie snacks: $15.46

Using boys’ “free” tickets to amusement park: $96.98 (That’s my ticket, parking, Dippin’ Dots, and lunch.)

Gifts: $70

Buying things: $307.48 (Including a refurbished laptop for $150, a years’ supply of razor cartridges, some Target things, and $50 of exercise equipment for which I am owed a refund–I got the wrong thing.)

Travel: $39.59 (On family vacation. I spent more like $140 but this is net–I received an advance on future family travel expenses.)

Child care punch card at gym: $15

Vet checkup for Kitty Paragon: $55

Cat food: $15.06 (Minor achievement–I discovered that PetSmart has a subscription service; I don’t have to go to the store any more and they had a 30% off signup discount.)

Total Expenses: $2355.23

Analysis

Eh, it’s fine. One of the points that the book Your Money or Your Life makes is that there is no “typical” month. I could say, I would have spent so much less this month if I hadn’t had the amusement park, a replacement laptop, and back-to-school clothes. But this is not unusually high spending for me. Another month it might be car insurance or registration renewal or a major bike repair or any number of things.

I had enough money to cover it and I’m not going any deeper into the red month-to-month; my long-term savings are untouched and even growing. So, again, “I still need a full-time job” but there’s no cause for alarm. My monthly income should be higher during the school year anyway as I have more time to work.

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About frugalparagon

I'm a part-time librarian and mom to two small boys. I blog about striving for the long-term goal of financial independence while running a tight ship at home.

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