It’s Payday! First day of my new budget

Last night I got paid, I’ve set up the new budget as described in my last post, and went to the bank on my way to work this morning to withdraw the money.  I skipped my usual Tim Hortons as I figure that $2.50 would be better spent elsewhere, possibly this weekend.  I took out $160 in cash for the week, which includes my $50 for gas,  the other $30 I put on my credit card (which has no balance) for the 2 rounds of golf that will be coming off of it for this weekend.  So now I’ve got $110 in my pocket to last me till next Friday, I don’t think it will be that bad.

A bonus is I have about $600-700 coming in next week from photography (sold a print this week) and web programming (did a few hours of work a couple nights this week, and last Sunday).  I also have a photography contract to shoot an event next Sunday which should bring in an additional $400.  I’m almost on schedule for hitting the $10k mark for the year from outside income sources, that would be amazing.

So my paycheque I divied up like this:

  • $100 gas
  • $280 spending (groceries, entertainment, golf etc)
  • $250 car loan payment
  • $17 gym membership (I use this 6 times a week, so it’s well worth it)
  • $50 travel fund
  • $50 electronics fund
  • $50 car maintenance fund (I have a feeling I’m going to need new brakes sometime this summer)
  • $125 RRSP
  • The rest onto my Line of Credit

Can’t wait to see how I’ve done next Friday.

16. May 2008budget, money, payday 1 Comment »