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Forgot . . .

December 1st, 2005 at 05:53 am

So I figured since it's the last day of the month I'll review my goals. I won't have my final spending numbers for November for another week and a half. I get paid every other friday, so my second paycheck in November will cover me through December 9th. However, since I now have a record of all the income of November I figured I should check and see how I did on my goals:

- Stay within my budget for everyday expenses Try to cut where possible.

Well, I am probably going to be over budget by about $60 this month. Most of that is due to high grocery spending from a stock up run to Costco and expenses surrounding my urgent care visit such as $30 in prescriptions (misc. expenses in my tracking). As of today I'm still right around my normal budget categories: Must Haves: 50.1%, Save 28.9%, Wants 16.8% (goal is 50/30/20). Looking at my spreadsheet groceries and misc. are really the only categories that have increased from last month. Some are down, like work snacks (coffee and snacks at work) and entertainment and eating out. We'll see how the total numbers come out in another week and a half Smile

- Put $450 extra towards student loans to stay on track for 4/2006 and 9/2006 payoff.

This didn't happen at ALL. I ended up having some medical expenses that I will have to use my emergency fund for (I still haven't gotten all the bills). $286.69 this month went towards emergency fund payback rather than debt reduction. I still have $322.71 that I need to pay back into the emergency fund. I also needed to bring my short term savings up (Christmas gifts, Christmas travel) and added $217.61 to that this month. I plugged in the new numbers to the debt snowball spreadsheet, and I'll now pay off my two private loans in May '06 and October '06.

- Put additional needed to make short term savings goal (about $75)

This was sort of met, I actually put more into short term savings, but at the expense of debt reduction. I realized I hadn't factored in all gifts and travel expenses needed, and so had to up the amount I contributed.

- Allow my crazy budgeting/limiting of spending self to make at least one purchase on myself (not something I HAVE to buy, just something I want) I seriously can't remember the last time I allowed myself to make a purchase just because I wanted something. Sometimes you just have to splurge.

Well, this was half and half as far as success goes. I did purchase a new hardcover book this month, but honestly I probably would have bought it whether I made this goal or not, so I'm not certain if it should count Smile I did browse for a while trying to find something to use my Banana Republic gift card on, but I wasn't really in the mood to shop. Also, my mom sent me a package today with a new coat (thrift store find that was just a bit too small for her), some socks, and a hat. So although I didn't splerge on myself, it feel like it was a good month Smile

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