Welcome to How I Save Money and tracking of income and expenses for the month.

Income for the month to date: $31.24

Expenses for the month to date: $1750.03

Net effect: -$1718.79

According to my Excel spreadsheet I have already paid off all the regular monthly bills except the bill for the LASIK which does not come until the end of the month. I am not paying this bill early because it is at 0% interest for the next three years so there is no incentive to get rid of it while I still have debt that actually carries an interest rate.

I have only gained $0.23 in interest from my money in ING , but this is because my savings amount is ridiculously small. Remember I only have a tiny emergency fund since I am making debt payoff a priority here.

While I was very happy to have a very low electric bill this month I know that it is going to shoot up for a few reasons next month:

  1. It is getting hotter
  2. I am spending more time at home
  3. My mother is coming to stay with me at the end of the month.

#1 and #2 tie in because while I am content to open the windows and run a fan in the 90+ degree weather, it would not be fair to have mother do so. In the first case my apartment does not have ceiling fans in the bedrooms so unless I buy her another fan one of us would be without.

Secondly she will be recovering from surgery and she needs to be as comfortable as possible.

I will see you guys and gals later as I continue my journey to save money and become debt free!!!!