We spent more than we earned in December. I was wrong last month when I said that we should not have any large annual expenses hit in December. We prepaid 16 months of my gym membership for $828. With the holiday and birthdays, we also spent $148.09 on gifts. Thankfully we spread our Christmas gift spending over a couple of months so it didn’t all hit in one month. I also bought a couple of pairs of work pants, shoes, and a shirt on sales for $166.03. We purchased our first term insurance policies and had to prepay 2 months ($78.86 total).

January should be a better month since I receive an extra paycheck (3 total), I plan to cash out a few vacation days, and I should receive my annual pay raise. Hopefully we can keep our expenses next month below our income.