Home > no wonder I'm (almost) always broke!

no wonder I'm (almost) always broke!

October 16th, 2006 at 10:14 pm

I decided that next year I'm going to keep my current debt tracker (which calculates monthly interest and pending balances, along with how long it will take to clear them!), but that I will incorporate the monthly payments into my expense tracker...I also decided to add the "fixed" expenses under the category "House" (rent, utilities, nanny...although nanny should go with school and that should merge into Child care....but, since she also does housework...)...anyway, I did that and, I calculated what my monthly expenses from these 2 categories are...I added the monthly totals to the categories already being tracked and, it turns out, to cover all I would need $1,237.XX NET per month! LOL!...I'm making $1,062 wonder I'm always scraping for money! (and, no wonder a few weeks off the frugal wagon can have such a nasty impact!), all in all, I'm not doing THAT bad (I mean, eventhough my fixed income is about $372 BELOW my expenses, I more or less manage to get along and survive! --and have the occasional treat now and then! Wink )

I have to think of a way to lower the spending some more in some of the categories... but, honestly, it would be VERY hard to carve $372!(35%)...unless we all decide to go on a 3-day fast once a month! LOL!...

4 Responses to “no wonder I'm (almost) always broke!”

  1. Carolina Bound Says:

    You must be making extra money somehow? Or are you going into debt every month?

  2. sarah Says:

    Be very careful if you are going into debt regularly. Even a little bit of debt adds up very quickly. Good Luck

  3. miclason Says:

    I've given English lessons, do some translations, work part-time as an admin assist to someone that still doesn't have a regular office, and, together with my cousin, we sell stuff...everything and anything under the sun -- as long as it's legal!....
    There is some getting into debt, too, because my checking account has an overdraft and I use it if the $$$ coming in is not enough... the catch is that if I use it and don't bring the account to "normal" level within 30 days of using the overdraft, then the account would get blocked, so I cannot really abuse it!...

    As bad as it sounds, my finances are in much better shape today than they were a year ago!

  4. miclason Says:

    ...I was looking at my $20 challenge (which I use to pay debt) and, this is the key: I've made ~$308/month on average!, that's how I've been "surviving"!

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