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September cash flow!

November 1st, 2006 at 04:04 pm

Since I started the Money Crunch blog, I learned that one important thing is to manage the cash flow. I spent some time and tracked down my incoming cash and expenses for September. I hope this would give me a more revealing picture of my finances. I welcome your suggestions and comments as well!

Incoming (all figures are after-tax):

$4,200 signing bonus
$5,769 salary and misc
Total: $9,969


Outgoing:
$645 Automobile - car payment, gas, tolls, parking
$2,492 Bills - housing, utilities, cell phone
$560 Cash withdrawal - probably goes to dining out
$171 Clothing
$150 Dining out
$262 Groceries
$141 Household - things to make the place clean and tidy
$402 Leisure
$201 Vacation - plane tickets, hotel to a wedding in Austin, Texas
$900 Misc - black hole
Total: $5,924


The numbers are not typical, since it includes:
* one-time signing bonus (after scary 40% combined federal and NYS tax rates)
* one-time security deposit
* one-time moving charges

I expect income to stabilize around $4,500. Since I get paid bi-weekly, some months have 2, some have 3 paychecks. I expect expense to drop to about $3,500, well, assuming I'll eat out and play less.

My goal is to put $1,000 to $1,600 into savings each month!

I'm going to tally up the income & expenses for month of October (October cash flow), then post it here soon. In the mean time, I'm going to write a bit about financial things. Stay tuned!

5 Responses to “September cash flow!”

  1. JanH Says:

    Looking forward to seeing your posts.

  2. yummy64 Says:

    One idea is to blog your daily spending here. It might be quite eye-opening to share it with us. Coffees, transit, eating out etc..

  3. Broken Arrow Says:

    Hahah. I love that last category, "Black Hole"!

    Uh... so the numbers kind of scare me a bit. I mean, personally, I would freak if I didn't know how I lost $1500 in one month, but that's just me.

    On the other hand, if you can live with cutting back-- even temporarily-- you can recover a significant amount of money to turn your financial ship around!

  4. Jersey Jen Says:

    * yummy 64

    great idea! i'll write one right now.

  5. Jersey Jen Says:

    * broken arrow

    i know... $500 on eating out and drinks, yikes. the other $900, hm... tough question. i just got a new job and moved recently, some details probably got lost in the chaotic shuffling. i hope those expenses can become savings in november!

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