Monday, August 1, 2011

July Spending Review

Alcohol $18
Business expenses $18.89
Car (gasoline) $118.77
Clothing $133.84
Dance expense $18
Entertainment $53.68
Food—dining out $307.15
Food—groceries $255.09
Household $70.83
Gifts $8
Helicopter $75
Hygiene/Medical $2
Mystery Shopping $35.36 (mystery shop income: $25.00)
Rent $900.44
Student loans $403.83
Travel $577.82
Utilities $164.44
Total Spending: $2,757.31

Things of note:
Over our $2,000 spending limit by nearly $800. Almost $600 of that is my trip, some of which my mom said she'd pay me back for since she didn't get me a birthday present (long story). 

I also maxed out my Roth IRA for the year, so $5,000 but it's not really spending. Unless you look at what's happened to the stock market since I did that, which I've purposely not been doing. Let's talk about it again next month.

And lastly, business expenses. In my new position, I'll be incurring up to $2,000 a month on a regular basis in credit card spending. My company got me an AmEx for that purpose, but I realized after receiving it that I'll have to float the payment before the reimbursement shows up (ie, pay the AmEx out of my own checking account in order to not get late fees - which won't be reimbursed, even though the T&E policy is the reason for the lag time). It doesn't look like I have to use that card, though, so I think I'm going to use my regular credit card which gives me rewards points. At the very least, since I'm essentially giving the company an interest-free loan, I should get something out of the deal.

I had a corporate AmEx at my old job, too, but they handled paying all the bills directly and I could submit expenses electronically as they hit the card, making sure I never had a late fee and also never had to cover the bill myself. I'm not thrilled about this new situation, but it'll be fine - we've got the money to cover it, and the points will be nice to have.

1 comment:

  1. I would definitely use my own card to accumulate points. At $2000 per month, the points will really add up.


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