To help establish my financial goals for 2012 (which will be an entirely different post), I broke out the bank accounts to see where all of my spending was in 2012. This proved to be more difficult than I thought it would. For one, before I started this blog, I didn’t keep track of my finances at all, so the only records I have are from my bank account (no cash), and I don’t know what I bought while in Canada, just what I spent. I know some of it (from parts of July), but I think for now I’m just cutting my losses. This big spending report includes my spending from my savings account, checking account, and charges to my Discover Card.
I broke my spending up into what I considered my major spending categories.
- Vending Machines – $136.99
- McDonald’s – $169.25
- Academics – $2,124.18
- Redbox/Netflix – $106.95
- Campus Convenience Store – $176.09
- Walmart – $1,918.96
- Bookstore – $272.88
- Gas Stations – $698.61
- Clothes/Haircuts – $724.82
- Fees & Payments – $1,575.16
- Eating Out – $1,095.95
- Miscellaneous/Groceries – $610.64
- Spent in Canada – $2,778.71
- Air Travel – $1,061.71
- Fees & Transfers (from Savings) – $266.99
This puts me spending $13,717.35. My total income (payroll & loans) was $13,149.25. This puts me in the red by $568.10. Now you could be saying, $13,717.35, that’s not a lot of money to spend for an entire year. Well, that’s without spending any money on housing and only a bit on tuition. No, most of this is on useless junk and fast food (no wonder I gained 23 lbs this year). I took a look at what I spent over $1000 on and here’s what I came up with:
- Academics – $2,124.18 – This consists of preparation to go to my internship (e.g. passport, $150 to work in Canada, etc) and tuition payments.
- Walmart – $1,918.96 – This one I’m super ashamed of. Some of this is on groceries naturalich, but most of it is on nonsense (e.g. snackcakes, candy, school supplies, etc)
- Spent in Canada – $2,778.71 – I don’t know what all of this is for. Some of this was travelling to Banff, some of it was the ticket home (which should go under airfare, but I do what I want 😉 ).
- Air Travel – $1,061.71 – These were tickets to go to Dallas & Colorado & Canada & fees. Some of these were reimbursed, so that’s included in the income (which is still in the red 😦 )
- Fees & Payments – $1,575.16 – Oh goodness. Some of these were overdraft charges, and a lot were transfers from accounts & withdrawals
- Eating Out – $1,095.95 – Pretty self-explanatory. This also includes birthday dinners & V-day dinners. BF & I have a deal: go dutch [unless it’s your birthday].
So now that I have these numbers, I can make a realistic set of goals to help control it for 2012 (goals that you all will see soon).
There is also some spending that won’t be reflected on this within the next few days. I currently have $104.87 in my checking account, $130 in cash, & $100 in my savings account. I will be putting $100 from cash into savings (to bring it up to $200!!) I will keep the remaining $30 to spend in Colorado if necessary (did I mention that I was going to Colorado? I have a business conference the 2nd-7th!). I will put $50 of the $104 in my checking account onto my Discover card as payment (pay what I can when I can), and $30 of that for a shuttle to the airport in Colorado.
This results in $30 in cash, $200 in my savings, and $24 in my checking account for the end of 2012. I also end this year with a final total of $13,013 in loans (with an additional $536 in interest). I’ll also have $1073.26 on my Discover card.
So (not including my car, which is in the shop right now), I’m at $254 in the green…and $14,622.26 in the red…giving me a net worth of … drumroll please … -$14,368.26. 😦 One positive is that there was a marked decrease in my spending after I started this blog v. before, so hopefully that continues. I don’t think I’ve ever gone so long knowing what was in my accounts haha 🙂
2011 wasn’t exactly my year, but 2012, you are mine!!!