So as I posted on Friday I was blindsighted by the movement (increase) of my debt. So I created a reconciliation that groups all entries into categories and makes more sense of where the money is bleeding. What I found was suprising.
Sure enough there was interest charges and vehicle repairs, but there were two big shocks from the breakdown. First off was gas. I thought we were spending a couple hundred bucks a month, but it turns out we were spending just shy of $900. Can you believe it? $900 in just 30 days!!!! Gas is a necessity in my world as it is an 8km drive to the end of the line for public transit, but I never thought it was that bad.
The second shocker was the $700 that was spent on Miscellaneous stuff. Between 2 credit cards we managed to charge just over $700 on items that were not necessary (ie. going out for lunch) or that I didn't even realize I had charged. How pathetic is that! There were actually a few charges that I swore I had paid cash for. Ouch!
Being more cognizant will hopefully put an end to this one. If the misc. stuff wasn't charged and gas was more in line with what I thought it was we would have actually could out ahead, although meagerly.
Well we can only learn from our mistakes, and hopefully I will not be repeating this post in early December.
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Oh yeah. When we started using Quicken, we were overspending by about $1800 month. Now, its about $200-$300 per month. That is usually business expenses I am waiting to be reimbursed for. Uggggg............isn't it embarassing how we as a society have let our purchases get out of hand.
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