January 2013 Budget & Goals

January 1, 2013

Ahhh… it feels good to have a budget that doesn’t include Christmas or any travel! Why? Because I can get back to paying off debt and saving, saving, saving!

2013 is going to be the year I become debt-free and, if you look to the right-side of your screen, you’ll see I only have $6,500 left to pay; that’s how much credit card debt I had last year! I am feeling incredibly motivated to pay it off as fast as possible, but it’s going to take some tight budgeting to make it happen by early June (my goal).

So, this month I’m planning on putting 30% of my spending towards debt repayment, another 30% into savings (and planned spending), and the leftover 40% will go towards all of my regular living expenses. I’m going to attempt a No Spend January (where you buy essentials only), so I’m hoping my living expenses end up being closer to only 30%… but we’ll see!

Are you wondering what the new “Weddings” savings budget is all about? Well, I’ll save that for another post… so much is happening, it definitely deserves one!

Goals for this month:

  • Attempt a No Spend January (Essentials only!)
  • Track my weekly spending
  • Workout 2x per week
  • Start a new freelance project (Stay tuned!)
  • Read 2 books

What do you have planned for this month?

  • Budget & the Beach January 1, 2013 at 11:52 am

    I’m so happy the holidays are over and I can get another fresh start! What I have planned this month is to focus on work and getting some blog things accomplished. I still feel pulled in 100 different directions. I have to figure out why. Best of luck on your goals!

    • Cait January 2, 2013 at 10:44 am

      I feel the same way, sometimes. Sounds like you need to pick a few of your top priorities and make a list of what you want to get done first. Good luck, T!

  • Canadianbudgetbinder January 1, 2013 at 2:35 pm

    Way to go Cait you can almost feel the enthusiasm in your words. I’m sure 2013 will the year you knock that debt flat!! Cheers and Happy New Years.

    • Cait January 2, 2013 at 10:44 am

      Woo hoo! Can’t wait to see it happen. Thanks, friend.

  • B. (Below Her Means) January 1, 2013 at 4:14 pm

    You can do it! We’re all behind you.

    • Cait January 2, 2013 at 10:44 am

      Thanks, B! xo

  • Anneke January 1, 2013 at 4:58 pm

    This sounds great. I love to hear how excited you are about your projects in the pipeline. It really motivates me to push myself and reach my goals that I’ve set. I still have a lot to learn about budgeting and saving.

    Do you know of any helpful budgeting apps?

    • Cait January 2, 2013 at 10:46 am

      Where do you live, Anneke? Mint is a great tool but I’m slightly biased and love LearnVest more; however, it’s only available in the U.S.

  • K.K. @ Living Debt Free Rocks! January 1, 2013 at 5:29 pm

    Can’t wait for you to celebrate your debt freedom this year! I’m looking forward to this “wedding” post you hinted about ;)

    • Cait January 2, 2013 at 10:46 am

      Haha, don’t get too excited… there’s no rock on my hand!

  • Mo' Money Mo' Houses January 2, 2013 at 3:15 pm

    I’m sure you’ll be able to make your debt repayment goal no problem! And what’s this wedding things all about?

    • Cait January 3, 2013 at 10:25 pm

      Thanks! I hope so. And I’m attending four weddings next year… (so far!)

  • Seanna January 2, 2013 at 3:40 pm

    Reading your blog for the first time — good luck on the rest of the debt! I’m on my last $3000 of CC debt and trying to power through to get it paid off!

    • Cait January 3, 2013 at 10:26 pm

      You’re so close to paying it off! Go go go! :)

  • Cait January 3, 2013 at 10:26 pm


  • Alaina January 4, 2013 at 2:17 pm

    I love your blog! I am starting a Spending Freeze this month in hopes to save more and liquidate the little bit of cc debt I have before going back to school. I can totally relate to your joy over not traveling and spending extra money on Christmas gifts. I can’t wait to see what you start as a project. Check out my blog! http://www.lovefaithskinnywaist.blogspot.com

    • Cait January 4, 2013 at 6:59 pm

      Hey, Alaina! Thanks for commenting and sharing your blog :) Happy New Year! And good luck on your spending freeze.

  • Justine January 21, 2013 at 8:31 pm

    Way to go! You have a very detailed budget goals for January 2013. For 2013, I plan to improve our current financial status. Once all debts are paid off, I would have to stick with our budget and hopefully increase the amount that we have in the bank.