Tuesday, October 7, 2008

Getting Nine Hundred

Getting nine hundred a month isn't just about bringing in an extra nine hundred dollars in income per month. In fact, I would be just as happy if I could shave nine hundred dollars out of my budget each month instead. I haven't quite figured out how to do that though... yet.

Each month I reset the calculator on my sidebar back to zero, well, almost zero. Usually I start off with the bank interest I earned the previous month. Then I let that number ride a little. You will see it creep up as I sell books on Amazon or things on eBay or whatever other income stream I am working on. Then, somewhere around the seventh of the month, that meter does a big jump. Why?

Because about that time I add in my savings. When I started this blog I had made a budget based on my expected expenses and my known income. That's where I found out I would be nine hundred dollars short each month! Anyway, in the past few months I have had this blog I have found ways to chisel down that 900 number and effect it each month. The big three were a change in my mortgage payment ($80), a change in my life insurance ($31.44) and a change in the way I handled my banking ($50). Those three things right there add an extra $161.44 to my budget - not bad!

It appears I might also be able to make some other changes to yearly bills come this December. I hope so - that $161.44 is the easiest money I earn each month!

Photo of 900 (Ha! I love it!) by: Stitch


Budgets are Sexy said...

haha, i love that pic too! and freakin' AWESOME work on cutting down that $900 you'll need each month - it's all about the budget baby :)

Dawn said...

I'm with you! I can't wait to get my car paid off at the end of May - that will be a huge increase on savings!