Pay Check Feb 2013

So my monthly pay check is in for a total of $3,594.97

Housing 40% - $1,437.98

Mortgage - $646.62

House Maintenance - $315.00

Housing Taxes - $182.50

House Insurance - $72.00

Utilities – $221.86

Total – $1,437.98

Savings 10% - $359.45 – All going to my RRSP

Debt 10% - $359.45

Transportation 15% - $539.24

Bus Pass – $68.25

Train - $52

Other - $52

Car Savings – $366.99

Total - $539.24

Life 25% - $898.87

Utilities - $80

Emergency Savings - $240.10

Travel - $175

Food - $160

Cell – $35

Internet - $50

Health Insurance – $23.25

Entertainment - $10

Social/Sports - $20

Clothes - $10

Gifts - $10

Big Ticket Item - $75

Misc - $10

Financial Planning - $0

Slush – $0.52

Total - $898.87

A few notes on this month’s Budget. 

-Property taxes are due at the end of the month.  Unfortunately due to the timing of my purchase I’ve only had 3 pay checks to come up with the money for taxes, a whooping $1,095.  I’ve been squirreling away every spare penny that has come my way and at the moment I’ve got $937.40 set aside.  The last $150 will probably have to come from either my house payment savings (savings put aside to double up my mortgage payments) or from my car savings. 

-Debt is once again going against my mortgage. 

-Yes my utilities are split between life and housing.  For two thirds of the year my utilities should be about $200 since I don’t use AC.  But for heating the house in the winter I have to dig into Life. 

-I’m not putting as much as I’d like against big ticket items (those big expenses keep hitting me) but it will do for now. 

-I had expected to start working with a financial planner for my investments last month but haven’t done that yet, so the $15/mnth fee hasn’t come out of last month’s budget yet. 

-Yes my Slush or “wiggle room” is agonizingly small.  That said there are a lot of things (the extra mortgage payments, the car savings . . .) that can be stopped or repurposed at the drop of a hat.