Category Archives: Payday

Happy New Year!!

So I’m a little late in wishing you all a Happy New Year.

I took a long break from blogging, but as a stay at home mommy I need some adult conversation. ¬† Even if it’s just reading lots and lots of comments from you all ūüėÄ

We started of the year with a good payday: $3,000 Company and $550 Rental income

 Category  Leftover  Deposit  Total
 Income  $       Р $ 3,550.00  $   3,550.00
 Taxes  $  10,116.93  $     750.00  $ 10,866.93
 Company  $       Р $    300.00  $      300.00
 Church  $       Р $     365.00  $       365.00
 Mortgage  $       Р $     747.50  $       747.50
 Insurance  $       Р $     293.00  $       293.00
 Utilities  $       Р $     142.00  $       142.00
 Gasoline  $       Р $       70.00  $        70.00
 Groceries  $       Р $       75.81  $        75.81
¬†Medical ¬†$ ¬† ¬† ¬† – ¬†$ ¬† ¬† ¬† – ¬†$ ¬† ¬† ¬† ¬† –
¬†Repairs ¬†$ ¬† ¬† ¬† – ¬†$ ¬† ¬† ¬† – ¬†$ ¬† ¬† ¬† ¬† –
¬†Gifts ¬†$ ¬† ¬† ¬† – ¬†$ ¬† ¬† ¬† – ¬†$ ¬† ¬† ¬† ¬† –
¬†Other ¬†$ ¬† ¬† ¬† – ¬†$ ¬† ¬† ¬† – ¬†$ ¬† ¬† ¬† ¬† –
 Savings  $    1,928.13  $       Р $    1,928.13

I ran out of money to deposit at Groceries because we had $626.52 left on our credit card from last month that I wanted to pay off.  We only had $170.33 in checking that I could use so I added $456.19 from this payday to cover the difference.

I am working on getting our taxes ready. ¬†Hopefully we won’t be fined for not paying quarterly taxes, since we have all the money saved up to pay them right away. ¬†And hopefully we won’t have to send off all of the $10,117 we saved for 2011 taxes. ¬†Anybody have any advice about getting ready to for taxes when you own a small business?

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Payday Sept 1

 Category   Leftover   Deposit   Total 
¬†Income¬† ¬†$¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† –¬†¬† ¬†$¬† 4,588.64 ¬†$¬† 4,588.64
 Church   $     245.28  $     465.67  $      710.95
 Taxes   $  5,248.72  $  1,121.23  $  6,369.95
¬†Home¬† ¬†$¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬† 252.50 ¬†$¬†¬†¬†¬†¬† 252.50
 Insurance   $           Р $     293.02  $      293.02
 Utilities   $       48.55  $     142.50  $      191.05
 Gasoline   $       59.21  $      110.79  $      170.00
 Groceries   $   (199.82)  $     294.65  $       94.83
 Company   $   (141.97)  $     339.57  $      197.60
 Medical   $       66.02  $       50.00  $      116.02
 Repairs   $       14.23  $     150.00  $      164.23
 Gifts   $       46.27  $       84.00  $      130.27
 Other   $   (154.72)  $     207.49  $        52.77
 Savings   $  2,206.82  $     540.23  $   2,747.05

I told you this would be an awesome payday and it was —¬†$4588 deposited in the bank!!!

Our income was $4484.92 Company + $27 Haircuts + $64.75 Sold Stuff ūüôā¬† Plus $21.97 in rebates

I decided to make up for last months lack of money and fully funded all the categories that got missed last month. And I still have $536.98 left for future low-income paydays.  

I added 80% of our extra income (haircuts and sold stuff) and 10% from¬†piano¬†sale to our¬†Other category.¬† Do you think I should add 10% or 80% of our extra income to savings?¬†¬†I like the idea of growing our savings, but it is nice to have some more spending money…¬†seriously¬†$50 a month for a family of 4 is tight! What do you think I should do?


Missed Paydays – Aug 1st & Aug 15th

Oops I missed posting the last two paydays….

This is the Aug 1st Payday: The income is $1093.49 Company + $550 Rental + $10 Yard Sale

 Category   Leftover   Deposit   Total 
¬†Income¬† ¬†$¬†¬†¬†¬†¬†¬† –¬†¬† ¬†$¬† 1,653.49 ¬†$¬† 1,653.49
 Church   $     211.55  $     187.38  $     398.93
 Taxes   $  4,672.13  $     273.38  $  4,945.51
¬†Home¬† ¬†$¬†¬†¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬† 747.50 ¬†$¬†¬†¬†¬† 747.50
¬†Insurance¬† ¬†$¬†¬†¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬† 293.02 ¬†$¬†¬†¬†¬† 293.02
 Utilities   $       24.73  $     142.50  $     167.23
 Gasoline   $       85.00  $       17.74  $     102.74
¬†Groceries¬† ¬†$¬†¬†¬†¬† (29.61) ¬†$¬†¬†¬†¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬† (29.61)
¬†Company¬† ¬†$¬†¬†¬†¬† 212.94 ¬†$¬† ¬†¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬† 212.94
¬†Medical¬† ¬†$¬†¬†¬†¬†¬† 41.02 ¬†$¬†¬† ¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬†¬†¬† 41.02
¬†Repairs¬† ¬†$¬†¬†¬†¬†¬† ¬†27.66 ¬†$¬†¬†¬†¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬†¬†¬† 27.66
¬†Gifts¬† ¬†$¬†¬†¬†¬†¬†¬† 19.14 ¬†$¬†¬† ¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬†¬†¬† 19.14
¬†Other¬† ¬†$¬†¬†¬†¬† (87.86) ¬†$¬† ¬†¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬† (87.86)
¬†Savings¬† ¬†$¬† 2,169.95 ¬†$¬†¬†¬†¬†¬†¬†¬† –¬†¬† ¬†$¬† 2,169.95

This is the August 15th Payday: The income is $1212.84 Company + $275 Piano + $76.65 Yard Sale + $7.00 Haircut

 Category   Leftover   Deposit   Total 
¬†Income¬† ¬†$¬†¬†¬†¬†¬†¬†¬†¬†¬† –¬†¬† ¬†$¬† 1,571.49 ¬†$¬† 1,571.49
 Church   $     398.93  $     168.15  $     398.93
 Taxes   $  4,945.51  $     303.21  $  5,248.72
 Home   $     747.50  $     252.50  $  1,000.00
¬†Insurance¬† ¬†$¬†¬† (292.99) ¬†$¬†¬†¬†¬† 292.99 ¬†$¬†¬†¬†¬†¬†¬†¬†¬† –¬†¬†
 Utilities   $       29.46  $     142.50  $     171.96
 Gasoline   $         3.18  $       85.00  $       88.18
 Groceries   $   (186.31)  $     130.00  $    (56.31)
¬†Company¬† ¬†$¬†¬†¬†¬† (69.46) ¬†$¬†¬†¬†¬†¬†¬†¬†¬†¬†–¬†¬† ¬†$¬†¬†¬† (69.46)
 Medical   $        41.02  $        25.00  $       66.02
 Repairs   $        27.66  $        75.00  $     102.66
 Gifts   $       (1.05)  $        47.32  $       46.27
 Other   $   (157.39)  $        35.30  $   (122.09)
 Savings   $  2,169.95  $        36.87  $  2,206.82

Rob just finished two jobs so our Sept. 1st payday will be awesome!


Payday! – July 15th

Payday for us is extremely complicated.¬† We have two bank accounts: a business one and a personal one.¬† I have to make sure that the numbers match up, since I’m a numbers nerd this doesn’t bug me like it would my husband.¬†But, should it¬†really¬†take me¬†two hours to get our deposits ready?¬†

Here’s how the budget looks for the rest of the month:

 Category   Leftover   Deposit   Total 
¬†Income¬† ¬†$¬†¬†¬†¬†¬†–¬†¬† ¬†$¬† 1,968.54 ¬†$¬† 1,968.54
 Church   $   (8.00)  $     218.85  $     210.85
 Taxes   $  4,182.50  $     489.63  $  4,672.13
¬†Home¬† ¬†$¬†¬†¬†¬†¬† –¬†¬† ¬†$¬† 1,000.00 ¬†$¬† 1,000.00
¬†Insurance¬† ¬†$¬†¬† (326.98) ¬†$¬†¬†¬†¬† 326.98 ¬†$¬†¬†¬†¬†¬†¬†¬†¬†–¬†¬†
 Utilities   $        8.05  $     160.00  $     168.05
 Gasoline   $     120.37  $      97.50  $     217.87
 Medical   $      56.00  $       32.00  $      88.00
 Groceries   $       31.90  $     112.00  $     143.90
 Company   $     125.67  $       97.93  $     223.60
 Savings   $  1,845.52  $     323.72  $  2,169.24
 Repairs   $      52.79  $      22.87  $       75.66
¬†Gifts¬† ¬†$¬†¬†¬†¬†¬†¬† 49.14 ¬†$¬†¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬†¬†¬† 49.14
¬†Other¬† ¬†$¬†¬†¬†¬† (13.97) ¬†$¬†¬†¬†¬†¬† –¬†¬† ¬†$¬†¬†¬†¬† (13.97)

If you add up the totals I am $1162 short, but like¬†I said it’s complicated.¬† We use a credit card to buy the construction materials for the company, and pay it off every payday.¬† Last payday we used $673 that should have stayed in the company to cover a future paycheck, this payday we had $932 for the credit card, but only $40 on the card. So we add that and a bunch of rebates to our deposits.

Our health insurance bill overdrafted from our savings so I added the $225.79 back with our $97.93 deposit.¬† The money ran out before Repairs was fully funded so there wasn’t anything to add to Gifts or Other.