Sorry about the hiatus in posting. I've got a few things to write about so I'll drip feed them on here in the coming days.
I had a thought that some of you may be interested in where my money comes and goes, so here is my spending report for September. I use Quicken for all expenses, so it's pretty easy to whip a report together.
A couple of things to note - one unusual expense for the month was a piano, which cost a lot, but my parents have chipped in and paid for a big chunk of it. I played a lot of piano growing up, but have lapsed quite a bit since I left school, so have been keen to get back into it for a while. It may seem a bit extravagant to spend the best part of $3 000 on an instrument, but it's something I will get a lot of pleasure out of, and I've got a quality instrument which will not depreciate much (if at all) and will last many years.
Also, with my investment accounts, I don't have the most sophisticated way of tracking the rises and falls of individual managed funds I'm involved in. I tend to just update the balances in Quicken, and therefore these don't all get into the income/expense reports. So if you try and compare my net worth reports with my income/expense reports they may not make complete sense. Basically - my net worth report is 100% accurate while my income/expense report only shows my non-investment income and spending. Confused? Well here are the numbers anyway.
Income
Salary $2 416.26
Interest $75.48
Parents $2 000 (for piano)
Total Income $4 491.74
Expenses
Alcohol $16.99
Auto $387.57
Bank charges $0.25
Gifts given $10.00
Groceries $315.77
Home $78.02
Legal/Prof $40.00
Library $2.40
Misc $2 840 (piano)
Recreation $228.99
Rent $678
Tax $14.71 (excluding income tax)
Utilities $36.42
Total Expenses $4 649.12
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4 comments:
Yay more posts! =)
Nice one getting the piano. =)
How do you keep your bank charges at 25 cents?! Do you have a graduate account or something like that? Also your living expenses are very reasonable, do you share a flat? Sorry if you've already said, I have read all your posts but can't remember you mentioning that you flatshare.
Hi Caroline, I think you may be my only reader.... oh well
I don't have a graduate account, but my current account (ASB Streamline Account) has no fees for any electronic transactions, and since I do all my banking online I generally don't get charged fees. Only fees are for setting up/altering bill payments or APs. All my savings are with Raboplus, which has no fees full stop.
I share a flat with one other person. My rent is $130 per week plus power/phone/internet which adds another $100/month roughly.
Thanks for answering my questions. :)
I'm sure I'm not you're only reader! But even if that is the case, I found you from a google search so you are out there, man! ;D
I am thinking of blogging my personal finances too, it seems like a useful idea since you become kind of accountable for what you're doing. (scarey =D )
sorry I meant YOUR not you're... :/
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