December Expenses – $1580.99

by Andy Hough on January 2, 2013

Here is a breakdown of my expenses for December.

Household

$332.35

Entertainment

$104

Transportation

$826.79

Food

$168.79

Debt $5.00
Phone

$26.81

Health

$117.25

Total

$1580.99

My December expenses were quite a bit higher than my November expenses. Ideally, I would keep my monthly expenses below $1000. I came close to that level in November with expenses coming in at $1113.82. My December expenses came in at $1580.99. The high amount was mostly from my transportation expenses. I paid sales tax and licensing on my new car and six months insurance for both my van and car in December. Some of the insurance money will eventually be refunded once I’m able to sell the van. My gas expense for the month was $208.96 compared to $571.96 in November. That is a significant improvement, but I would like to do better. I had three trips from KC to SW Missouri in December and shouldn’t have any this month. That alone should result in a significant drop in my gasoline expense.

My food expense was also higher than I would prefer. One reason it was high was from eating fast food too often. The other reason was that I bought a lot of groceries when I moved into my apartment. I’ve barely made a dent in my groceries so I should have a much lower food bill this month.

The household bill will be a little larger since I will be paying a full month’s rent. I will also have to pay my first electric bill. I expect it will be about $25-$30 since I haven’t been using much electricity.

In order to meet my goal of living on minimum wage, I will need to keep my expenses below $1274 a month. I shouldn’t have any large expenses this month so I should easily keep my expenses below that level and perhaps I might get them below $1000 for the month.

 

{ 4 comments… read them below or add one }

Canadian Budget Binder January 3, 2013 at 9:02 am

Does your insurance get cheaper if you pay 6 months to a year in full as opposed to monthly? In Canada if we pay yearly it’s cheaper than monthly unless they have some perk like belonging to a professional association or a college alumni. You didn’t do so well. I think you can get that grocery down… maybe you can come post your grocery shops in the grocery game!! Happy New Year Mate. MR.CBB

Reply

Andy Hough January 3, 2013 at 9:10 pm

Yes, it is cheaper when I pay for it six months at a time which is why I paid it that way. My insurance for two vehicles for six months was $350, I think that is pretty good.

I’ll check out the grocery shops. I’ll need to buy very little groceries this month.

Reply

John S @ Frugal Rules January 3, 2013 at 9:52 am

I was wondering why your transportation costs were so high, but it makes sense with the tax and licensing. Awesome improvement in gas expenses!

Reply

Andy Hough January 3, 2013 at 9:11 pm

I’m hoping for more improvement on the gas expense this month and much lower transportation expenses overall.

Reply

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