I already did my 2008 Year In Review and I'm looking forward to a much much better 2009 financially (even despite current job insecurity) but I thought it would be a great time to review where exactly my money has gone since I signed up for online banking. Figures are only available from March 19th on.
Between March 19th and December 31, 2008 I earned $23,459.64. Plus $600 in President Bush Money, for a grand total of $24,059.64 after taxes. Not bad.
I spent $6,884.50 in rent. Can't wait until I move in with Boyfriend officially and get to ditch my landlord!
Student loans took $4,935.68 of my money, which is kinda crazy considering I didn't start paying them until May. This includes the money I am paying towards Defaulted Student Loan.
I took out $3,601.50 in cash, which seems like a lot, but I use cash for everything.
I repaid $2,775.00 in loans, a vast majority of them being Payday Loans. Yikes, what a friggen nightmare that was!
I paid $1,836.20 towards credit card debt, most of it going to my long delinquent credit card account, aka Nice Collection Agency.
I paid $1,244.11 in Utilities for this time period, including money towards paying off Overdue Utilities (almost done with!).
Between the Evil Overdraft Monster, returned check fees and "regional ATM withdrawal fees" I managed to hand my bank $1,029.45 during this same time period. Yup. Gulp. Never ever again!
I spent $1,066.00 on travel, most of it to attend an out-of-town wedding. I have no regrets - I love to travel!
I spent $825.53 on my cell phone, which seems like an awful lot, but this number includes money I owed Sprint prior to March 19th (because I used to pay my bill late all the time). Now I am paying Sprint only around $60 a month after I changed my plan.
I bought $458.50 in gifts (at least!) owing to the fact that I had two weddings to attend this year.
I spent $285.91 on groceries (maybe a little more out of cash too) but don't worry, I didn't starve. Need to chip in more towards our joint grocery budget.
I transferred $204 to savings but then I transferred most of it back. Savings fail. Must do better.
I spent at least $131.78 on health care including doctor copays and prescriptions. Probably more but I didn't keep good records this year. Wanted to start a FSA but now it's too late (unless I get a new job!). Oh well.
I bought $41.08 in clothes. I bet it was more than that but that's the money I know was spent on clothes because that's what I labeled it in my online banking. The rest came out of cash.
All told, between March 19, 2008 and December 31, 2008 I spent $938.69 more than I earned. Total Fail. Will definitely do better in 2009 as there's no way I can be that irresponsible again!