Time for our monthly update:
It’s finally warming up here in Chicago, some days anyway! Our little Chica continues to grow – just 6.5 short weeks until her arrival! We are trying to be patient, counting down the days until we meet our daughter and make the big move to Bilbao.
Now, I will be very honest with ourselves in the next lines:
Over the last few months we’ve gotten pretty lax with our spending. Our miscellaneous continues to be nearly $1K each month and we don’t have much to show for it. I just think it is unaceptable. We are reeling things back in. We are setting a $250 budget for the full month for miscellaneous – this includes going out with friends, clothing purchases, whatever. We’re going to withdraw $250 and when that cash is gone, we will have to wait until the next month to replenish it (just like fucking kids).
We are also going to go back to Aldi — we started going to Trader Joe’s and Walmart since we moved to a new neighborhood and our grocery bill has been $100+ more each month since then.
And lastly, we are going to seek out the free things around the city more often – music performances, walks, beach, bbq at the park, reading books under the sun, etc.
In addition to reeling things in financially, we are also going to limit our cell phone usage as training for when the little Chica comes. We waste a lot of time looking at BS online and we don’t want our daughter to pick up that bad habit. So when we are home, phones are put away.
I also let myself be a slacker and bought a couple of nice fleeces ($100 total) when I fell fed up with everything. I guess looking for comfort in some way...I will stop using eBay, unless it is for selling shit (we currently have 25 items on sale).
And now los numeros…
MAY INCOME – $10,463.99
Chico’s Salary – $4,333.81
Chica’s Salary – $5,764.63
eBay Sales – $136.84 - sold some clothes and electronics
Craigslist — $140 - sold both bikes
Chica’s Dance Teacher Salary (LAST MONTH!) — $89.15
MAY EXPENSES – $3,401.24
Rent: $1,400 (includes $1,250 for rent + $150 for parking)
Car Insurance: $62.17
Gas (Car): $192.80
Cellphones: $21.74 (note: Chica’s work pays her cellphone bill, this is just Chico’s phone plan with Lycamobile)
Chica’s Gym: $39.99
Chico’s Gym: $29.99
Misc./Entertainment: $995.59 (includes dinners & activities out, clothing for Chica and Chico, etc.)
I knew owning a car was expensive, but this month alone the expense of it was about $400. Can’t wait to get rid of that shit. I actually have a potential buyer already.
We saved 67.5%
of our take home salary. This doesn’t include any 401K contributions or retirement plans.
CURRENT ASSETS: $382,786 ($2,196 decrease over last month – waaah!)
Cash savings: $140,604
Chico’s Retirement: $12,895
Chica’s 401K: $54,433.69