December 2012 Budget & Goals

December 3, 2012

How is it possible that we’re already in the final month of 2012!? This year has flown by…

Of all the wonderful accomplishments and adventures this year has been filled with, I have a feeling December is going to be my most memorable month yet. With a weekend trip to NYC, followed by nearly two weeks in Victoria, I’m going to finish 2012 off by accomplishing all of my goals and then spending some quality time with the family and friends I left so suddenly in September.

Because of these trips, and of course Christmas, my budget looks a little off. This month, I’m only allocating 18% of my budget to debt repayment, another 18% for savings, and the rest is all mine (minus rent and a few more Christmas gifts). Only putting $500 towards debt repayment makes me a little sad, but I’ll be finishing the year off with just $6,500 left to pay off. That feels pretty amazing.

Other goals for this month:

  • Track my spending and continue posting weekly spending reports
  • Continue counting calories on Lose It!
  • Workout 3x per week
  • Read my very first book club book
  • Soak up every minute of my time in NYC and Victoria

What do you have planned for the last month of the year?

  • Rob December 3, 2012 at 7:16 am

    Adjusting your budget for the impact of December activities makes perfect sense as we all tend to do that, given the holiday season, etc. And don’t sweat it if, after the month is over, that you may overspend in some areas because you may under spend in others. Life is to be enjoyed, especially at this time of year with family and friends.

    My plans for this month? Christmas shopping of course, some year end tax and investment planning, and (like yourself) visiting with friends and family.

    • Cait December 6, 2012 at 6:50 am

      Sounds like you’ll have a good month, Rob!

  • Budget & the Beach December 3, 2012 at 9:24 am

    So jealous you’re going to NY at Christmas! This month is a quiet one for me. I do a lot of reflecting and have a lot of quiet time…I like to plan for the new year. :) Good luck with your goals in Dec!

    • Cait December 6, 2012 at 6:51 am

      Oh, I am very excited to plan for the new year… so we are the same there! Thanks for the luck :)

  • Heather December 3, 2012 at 5:33 pm

    Thanks for the inspiration!
    Question: Is Learnvest the online budgeting tool you use, and if so, how do you connect it to your Canadian bank accounts?

    • Cait December 6, 2012 at 6:52 am

      Hey, Heather! No, unfortunately you can’t link Canadian accounts to LearnVest right now. I have used Mint before but, honestly, I do everything by hand. Your question reminded me of a post I was going to write this year… will work on that now! Thanks!

  • A December 4, 2012 at 12:50 pm

    December is going to be an expensive month for us too. It always is, with the Christmas gifts and parties and stuff. We’re going home for a week over Christmas and have tons of people to buy for. And we’re going skiing which is so expensive. Luckily we just finished paying off our debt so we can take a breather this month and not worry too much about money. January is when we’ll really start saving toward our emergency fund!

    NYC is going to be awesome! Can’t wait to see some pictures!

    • Cait December 6, 2012 at 6:57 am

      Despite it being expensive, I know you and J will have a great month. Being debt-free is something to celebrate! Have so much fun on your trip home and enjoy your ski trip.

      I’ll send you pics daily! xo

  • B. (Below Her Means) December 4, 2012 at 11:30 pm

    I know, I can’t believe it’s the end of the year already! WTF.

    I want to read, not overspend, see my Dad, keep up the frequency of pilates.

    • Cait December 6, 2012 at 6:58 am

      I want to read too. And I also want you to keep up with the frequency of your pilates workouts ;)

  • Liquid December 5, 2012 at 1:55 am

    Nice goals, and a reasonably cheap budget for what you’re planning to do. I think another pf blogger might be going to NYC soon too. I’ll be working for the most part and relaxing at home when I’m not, nothing special planned. Except maybe go visit my parents for a couple of days around Christmas :0) that’s always nice.

    • Cait December 6, 2012 at 6:59 am

      That sounds really nice! Happy December :)

  • Marissa @ Thirtysixmonths December 6, 2012 at 7:13 pm

    When are you going to NYC?

    When you do make sure you go eat the food cart at the corner of 6th and 52nd- the one with the long lines. Its totally worth it.

    • Cait December 6, 2012 at 9:26 pm

      What kind of food do they serve? I don’t eat meat… is it still worth it? ;)

  • Chelsea December 7, 2012 at 5:39 am

    Hi! I’ve been following your blog for a while- and I love it! Thanks for inspiring me to stick to my budget! I think I’ve asked you this before via email, but how do you keep your grocery and restaurant budget so low?! If anything, mine creeps up during the holidays for dinners out with friends and baking/cooking holiday meals at home.

    • Cait December 9, 2012 at 4:04 pm

      Hey, Chelsea! This month is even lower than usual, because I’m flying home to Victoria on the 20th. I’m also spending three days in NYC, before that, so I won’t be in Toronto very much at all. My restaurant budget is for Toronto, but then my NYC and Victoria budgets will cover eating out there. Hope that answers your question!

  • Chelsea December 11, 2012 at 10:37 pm

    Oh that does make sense! Thanks for sharing!