Special thanks to two overtime shifts and this being one of two months with three pay cheques, my income during the month of may was rather high. I decided not to include investment returns in my analysis, or that I got my tax refund this month. Maybe a budget would be more interesting, but my living costs are severely distorted due to living with my mom.
Gross pay: 4422
Take home: 3459.85
spending: 172.85
loan payments: 225.91
savings: 3061.09
deductions/gross pay: 21.8%
gross pay saved: 69.2%
take home pay saved: 88.5%
spending/gross: 3.9%
spending/take home: 5.0%
loan payments/gross: 5.1%
loan payments/take home: 6.5%
total outflow/gross pay: 30.8%
Some nice ratios there. I like that I'm saving 88.5% of my take home pay. However I don't really like 21.8% of my pay disappearing in deductions but I'm not sure there's really anything I can do about that. Now to invest the small sum that I've accumulated this month.
About Me
- Fresh Start
- My life took a sudden down turn and now I'm trying to get a fresh start. Getting all my ducks in a row and gonna try again in a new town with a new name.
No comments:
Post a Comment