To sum up my monthly spending and budget report for July 2012 in one sentence I'd write... "To say its been a high expenditure month is an under-statement of the year". But I achieved more this month than most months. I think when you have huge once-off expenditure items, you become more careful with your spending in other areas.
Remember that this is the month where I got a pleasant surprise of a
reduction in levies for one unit, then
security fees climbed up in two units, and
my mid year goal review showed just how slow my progress is, but I'm not complaining. I spent a lot of money last month. But it was all responsible spending. Plus the interest rates dropped... which is never great news for savers.
My July 2012 monthly spending and budget report:
|
INCOME
|
% OF TOTAL
|
NOTES
|
| Real Estate
|
63%
|
That's higher than I wish, meaning that my other income is too low. |
| Hubby Allowance
|
32%
|
This is not so necessary but I like it. |
| Once off
|
0 |
|
| Online
|
0 |
|
| Extra
|
4%
|
Interest on my Emergency Fund. Dividends were ZERO again. |
On the expenditure front: it was my first overspending month for the year.
|
ITEM
|
%OF INCOME
|
NOTES
|
| Real Estate
|
25.1%
|
1 mortgage & taxes/rates. I am not counting the barrier doors because they were not taken directly from my income. |
| RA & Unit Trusts
|
7%
|
Fixed
|
| Online
|
0%
|
I did spend $50 on my online business but I made provision for it from my previous online income. |
| Internet/ Phones
|
1.6%
|
|
| Consumer
|
1.6%
|
Groceries, personal care and all that jazz .Not realistic, I think most shopping was done by hubby. |
| Withdrawals&Fees
|
0.3%
|
Great |
| Giving
|
44.2%
|
Part of this is an interest free loan to a friend. |
| Invested
|
20.2% |
Like I mention below, I paid some to my homeloan even before I started spending. I also topped up my Just Invest which serves as my emergency fund account. |
| OVERSPENDING
| -R2784 | I ended in the RED. In reality I overspent by -R20,784 if we take the security costs of that one unit into consideration. But the money was from savings, not my monthly income. |
My parents were in a tight corner and I helped them out with R9000,
there goes my online income from last month. I then topped up
my emergency fund
by R6000, paid R3000 extra in my homeloan account, paid all municipal
accounts until October and paid this quarter school fees for my one and
only bursary recipient. I had to take funds elsewhere to pay for the
barrier doors (R18000) for the ground floor of my biggest unit. This
gave me a negative balance sheet statement with a - R2800 balance. Thats
how little I overspent. My online income usually helps with occasional needs of my parents.
Interest rate cut means my interest on the emergency fund drops whilst my home-loan installment is in its lowest. I still cant believe how low it is. Since its not profiting me much to save at the moment, I will put all my extra income into my homeloan to
fast track bond payment. Its my last home-loan standing. I cant wait to be home loan free.
0 comments:
Post a Comment