As I was doing my taxes on Sunday, going through my big Excel spreadsheet where I keep all of my checking and credit card transactions, I thought of a fun experiment. A couple bounced checks in my college years led to my current semi-obsessive record-keeping via Excel. I’m not as diligent about this as my dad would be, but I haven’t bounced a check in over a decade (unless you count that time that I forgot a decimal point online and accidentally tried to pay $23,462 on my student loans). By the way, if I HAD paid $23,462 on my student loans, they STILL wouldn’t be paid off, but that’s a whole other Oprah show.
I thought it might be fun to graph out everything just to see where the fuck my money is going. Like, do I really spend too much money at restaurants? Which did I spend more on? Gas or food? These are the burning questions posed by the Excel spreadsheet. I left off all of the one-time house expenses, like closing costs and down payment, because they were skewing the data and I don’t buy a house every year (thank god).
I was stoked to find that I only owed 58 bucks on my taxes, even after counting the freelance work. This is good, because the money in my savings account may be needed in the next few months. That’s my “omgwtf” money, and it’ll help me survive without having to cash out my other 401k, also known as my “omgwtfBBQ” money.
Conclusion: I spend a little more on mortgage than I ought to (Suze Orman or somebody says this should be 25% and mine is 28%), but I only spent about 300 bucks on clothes, and I spend much more at Kroger than I do at restaurants, so I guess that’s good. Also, the student loan and car payments can still bite me. (Click the small pic to see the big pic.)