Getting out of the rat race

This blog will serve as a tracking of my path towards financial success.

Tuesday, December 19, 2006

The Budget - Variable Expenses

I've included Income minus taxes and pre-tax deductions, savings, and fixed costs; now, I can include my final input in my budget for variable costs.

Remaining Income= [Income ($3300)] - [Taxes and Pre-tax deductions($783+$202)]-[Savings($611)]-[Fixed Costs ($2524)] = $78

Variable Expenses (monthly basis)

Gas: $50 (I walk to work...very reduced cost)
Coffee: $43 (twice a day, mon-fri, $2/visit)
Eating Out: $50
Entertainment: $100

Total Variable costs: $243


Remaining Income= [Income ($3300)] - [Taxes and Pre-tax deductions($783+$202)]-[Savings($611)]-[Fixed Costs ($2524)]-[Variable Costs ($243)] = $-165

Until next time,
Thor

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