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Income and Expenses, May 2005

This article was written by in Monthly Update. 8 comments.


There’s nothing special to report in regards to my income and expenses for May. I still need to curb my spending. I’ve been receiving some income from website design projects and from the Google Adsense ads on this and a few other sites. Keep reading this article to see this month’s income and expenses compared to the last two months and last year.

You can also view my account balances as of May, 2004.

May 2004 Mar 2005 Apr 2005 May 2005
INCOME        
    Bonus 0.00 0.00 0.00 0.00
    Employer Benefit 0.32 (27.40) (41.10) (27.40)
    Interest Inc 16.41 23.40 54.34 35.15
    Other Inc, Bus 0.00 56.76 228.51 274.54
    Other Income 1.32 19.84 117.13 603.86
    Salary 3,714.28 3,457.01 5,480.52 3,421.50
    Services 0.00 0.00 0.00 178.20
    Tax Refund 0.00 719.00 0.00 0.00
    _401EmployerContrib 0.00 138.28 219.23 136.86
    _DivInc 0.00 14.52 0.00 0.00
  TOTAL Income 3,732.33 4,401.41 6,058.63 4,622.71
             
EXPENSES        
    Auto 320.06 633.62 474.18 338.89
    Bank Charges 1.50 0.00 0.00 4.00
    Charity 0.00 0.00 0.00 35.97
    Computer 0.00 0.00 0.00 0.00
    Dining 287.18 270.96 295.02 174.09
    Education 0.00 991.53 0.00 241.00
    Entertainment 108.69 12.89 60.92 121.52
    Gifts Given 212.01 0.00 53.89 0.00
    Groceries 0.00 137.20 89.97 23.38
    Home Repair 0.00 0.00 0.00 15.64
    Household 182.27 411.38 62.10 480.99
    Insurance 0.00 1,147.88 1.38 495.92
    Interest Exp 85.22 14.37 31.57 14.46
    Medical 0.00 0.00 0.00 0.00
    Misc 120.70 0.00 0.00 0.00
    Office 54.04 8.14 0.00 0.00
    Personal Care 13.00 13.00 13.00 0.00
    Pet Care 0.00 0.00 0.00 38.54
    Recreation 0.00 0.00 23.50 0.00
    Rent 825.00 958.00 958.00 958.00
    Subscriptions 0.00 9.95 0.00 0.00
    Tax 905.59 749.31 1,238.39 738.48
    Utilities 219.01 623.79 386.25 309.83
    Vacation 198.20 186.90 0.00 0.00
  TOTAL Expenses 3,532.47 6,168.92 3,688.17 3,990.71
             
OVERALL TOTAL 199.86 (1,767.51) 2,370.46 632.00

Updated February 6, 2012 and originally published June 1, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 4 comments }

avatar Smarty

Why is there a big gap between your April and May 2005 salary?

avatar Luke Landes ♦127,505 (Platinum)

Due to the calendar, I received three paychecks in April and two in May. I normally receive two paychecks a month, except for two months every year — 26 paychecks total.

avatar Eric

You say that you need to cut back on expenses but which categories are good candidates for that? Or to you mean nickel and dime savings in every category?

avatar Luke Landes ♦127,505 (Platinum)

I’ve been looking into that very question this morning, as a matter of fact. There’s not much room to wiggle. I need to cut back on impulse buys.

For example. although I’ve wanted a camcorder to replace one that broke ten years ago, I held off buying one until May. It probably wasn’t the best time to buy one, but I figured I’ve wanted it for long enough.

In a new post, I’ll show a table that clearly displays where my money is going each paycheck.

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