Again, I must shamefully report that we overspent on food and gas this month. But Mr. PoP and I just talked about it, and there’s a new resolve to do better in November. Please hold us to it, PoP readers!
I also had a bit of a time deciding whether or not to categorize NPR contributions into Media Non-Subscription or Charity. I went with charity since technically it’s tax deductible if we itemize, but we have yet to ever itemize… But on the other hand, I tend to think of our contribution to NPR as paying for content we enjoy – the same way we pay for content from other media providers.
Either way it’s still money out the door, so let’s get down to what really matters – the numbers.
The Bottom Line
- Earnings before principal paydowns and savings allocations of $5,318.
And here are the details…
- Wages and Salaries (after taxes, 401K deposits, HSA allocations, etc.): $7,438
- Rental Income: $1,500
- Miscellaneous Income (rebates, med reimbursements, etc.): $1064 ($765 of this is in credit card rewards for Holiday spending)
- Total Income: $10,002
- Groceries: $482
- Eating Out: $484
- Total Food: $966 – Ouch! Visitors and a work trip for Mr. PoP pumped this up, so some of this is reimbursable… still, pretty high though =/
- Mortgage: $1,166
- Home Maintenance and Repairs: $264
- Total Home: $1,430
- Gas: $593 – Like the food, part of the gas spending is from Mr. PoP driving for a work trip, but we’re going to work on this category, too!
- Auto Repairs / Maintenance: $92
- Total Transportation: $686
- Bills/Utilities for Primary Residence: $383 – yay for using the AC less with cooler nights
- Bills/Utilities for Investment Properties: $83
- Total Bills / Utilities: $466
- Interest Payments on Non-Mortgage Debt: $115
- Car Loan Payments: $265
- Total Interest / Car Loan Payments: $380
- General Shopping: $382 – I’m tracking Holiday shopping separately, but we still record it as general shopping
- Pet Supplies / Care: $0
- Total Shopping: $382
- Gym / Fitness: $73
- Media Subscriptions: $25
- Media Non-Subscription: $3
- Total Fitness/Entertainment: $101
- Travel: $123
- Charity: $150 – I hesitate to put NPR contributions in charity, but I would also feel comfortable with this in Media Non-Subscription
- Total Miscellaneous: $273
- Total “Everyday Expenditures”: $4,684
- EBPPS = $10,002 – $4,684 = $5,318
Principal Paydowns / Savings Allocations
- Principal on HELOC: $3,500
- Savings for Estimated Income Tax Liability*: $500
- Transfer to IRA Holding Account: $1,000
- Total Principal Paydowns / Savings Allocations: $5,500
Net Income = EBPPS – (Principal Paydowns + Savings Allocations)
- $5,318 – $5,000 = $318 = Net Income
So all told, our cash accounts grew by $1,818 this month. ($1,500 to savings accounts, and $318 from net income.)
*We’ll be keeping back some extra for the next few months as I’m starting to get antsy about owing the TaxMan come April 15th. The goal is to set an extra $2,000 aside for an estimated tax bill. Not sure exactly how it’ll shake out in April, but this will let me sleep better between now and then. If we don’t need it, that’s great – but I’d rather have it just in case.
How’s your income statement looking this month? What bucket would you sort NPR contributions into? How nerdy is it that I really spent time thinking about this?