January Income Statement

Revenue: In addition to our income from our jobs, we also discovered we had an $1800+ balance in our bank accounts. We had gift money as well.

Fixed Expenses: Power skyrocketed to $300. Comcast raised our cable bill. We hadn't canceled the server.

Debt Repayment: I now own my computer, phone and work clothes! We paid off credit cards 1 and 2 and a huge amount of the balance on 3. The rest of the cards and loans got minimal amounts.

Variable: My husband's car is the main expense here. He had to register it, and before doing that, had $700 of work done on it. We did put that on the credit card, but I am sorry that we did. I feel we are having Karmic retribution now (see previous post). Travel is our plane tickets for the wedding in May, which we paid cash for. Bank fees include finance charges and a late fee incurred while I juggled around our new payment schedules. My "doll" budget includes the money I spent from my discretionary jar, an order made this summer that was sent off backorder, and some eyes and faceups (in cash) for my BJDs. I believe the rest of these expenses, including our sinking fund, were discussed in the Jan cash jar post.

We had a net income of almost $2500. Overall, a win. While we would not have come out positive just based on our income, I increased debt repayment and some other expenses upon learning we had more money to work with (as can be seen if you look back at the original budget). So, as the income increased, so I increased the outgo. This gave us a great starting momentum.