Wednesday, January 9, 2008

Recap of 2007 income and expenses




My 2007 income and spending is above. I have the information more granular but for the sake of space I combined some spending categories. Specifically, the allowance category is made up of dining, personal care, clothing, and most other spending that was totally discretionary.

My 2007 spending was the basis for my 2008 budget. In 2008 I am hoping to increase my salary and interest income as well as decrease my allowance expense and interest expense. I should be able to save more if I keep some discipline in my life.

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