Instead of doing other constructive things today, I sat down with a pack of $9 highlighters I bought in 2011 to sort through my transactions during 2012…of which there were considerably less than in 2011. This year I’ll be keeping track of everything I spend, but I wanted to look back and see where all my monies went (based on my bank statements and Discover statements. Anything in cash I don’t even know).
I broke my spending up into my major spending categories. I used to have more, but I noticed that my spending isn’t as all over the place as it used to be.
- School – $1540.13
- Eating Out - $1555.22
- Shopping – 1433.25
- Hobbies – $118.98
- Bills - $4299.24*
- Miscellaneous – $1431.31
This puts me spending $10,378.13. My total income was $8237.55. This puts me in the red by $2140.58. I know some of that is probably me forgetting about some income that I must have had, but most of that was due to me paying to put money on my credit card which I then used like a debit card. Which I know is terrible and a bad idea, but I did it anyway. Because I’m a terrible person. And was pretending like I didn’t need to worry about my finances. At least this year I didn’t have to take out more loans…
- School - $1540.13 - This is solely book purchases, tuition payments, and registration for the GRE. All in all, it’s a completely reasonable amount for me to have spent. I know that if I lived in a different region, that number would be a lot higher.
- Eating Out - $1555.22 - Percentage-wise, this is a lot more than last year, but I grouped a lot of things into this category that I didn’t last year. It includes trips to the gas station for anything but gas, vending machines, going out, and pretty much everything related to food. I noticed that my “eating out” went up markedly during specific times of the year. Mainly there were two periods it went up, and I know the two people I was around…so I suppose they’re a bad financial influence…
- Shopping - $1433.25 - This probably includes groceries too It’s any transaction from Walmart, Target, CVS, Walgreens, or the mall.
- Hobbies - $118.98 - I know compared to the rest it’s an almost negligible amount, but I wanted to see how much knitting was really costing me. The answer? Not enough that I would ever quit!
- Bills - $4299.24 - Self-explanatory. It’s all rent, electric bill, gas, emergency car problems, Discover payments, and fees ($178.20).
- Miscellaneous - $1431.31 - This is anything I couldn’t think to put anywhere else. This is where I stuck some of my traveling in January (Greyhound tickets), Redbox charges, and if I wrote a check and didn’t know what it was for.
Those numbers are really depressing to see to be honest. I thought I had done a lot better than this, but I mean, what did I expect? I kept my head buried in the sand. I wasn’t going to come up to a Midas-influenced land of awesomeness and financial security. I technically spent less actual money in 2012 than I did in 2011; however, my income was markedly less, and proportionally, I spent way more.
Right now I have $880 in the bank, $13013 in student loans, $1199 in loan interest, owe my roommate $730 for rent, I owe my university $498.52, and have used $1870 of my credit line. I don’t have anything substantive of value right now, so that brings my networth to -$16430.52. Which means it has gone down by $2062.26 since 2011. #depressing
So here’s to looking forward.
*It’s important to note that the reason my bills look so low is that until August I didn’t have to pay rent/electricity/etc. as a combination of being an RA, living with my parents, and then being an HD.