Well, day 2 of the blog. It’s Friday (when I started this), and it’s time for Friday finances. As part of this project is to improve my financial position, here’s the first of my blunt assessment for the week of January 29 – February 4.
I spent a lot of time setting up an Excel spreadsheet to track my spending and budget. It’s extremely comprehensive, if I do say so myself. I think it’s going to be a fantastic tool to keep me on track, so I’m excited about it. I’m going to take time this weekend to do an update on net assets and overall positioning, so I’ll have an extra post next week with those details, and maybe even one about January month end.
Net income: $2,763.37
Transferred to Savings/Investing: $1,665.95
Expenses: $2,872.08
Overall net for the week: ($1,774.66)
Verdict:

A big thumbs down.
Well, a slight positive note was that I put so much in savings. However, it’s not as positive as it really looks. Previously, I had to pull funds out of savings to cover bills, so this is attempting to get the savings accounts back up to the level where they don’t incur fees.
Overall, my week was such that I spent about $100 more than I made. So what did I spend it on? Here’s a breakdown:
Home expenses: $812
Entertainment: $28 (Netflix is helping keep me sane!)
Debt payments: $1,864
Charity: $105
Insurance: $64.75
Lessons for the week: Paying myself back is hard work.
Goals for next week (well, this week): Stay on top of this so I post easier. List items to sell to increase cash. Get photos and options on here ready to go. Feet are coming soon!