January 2013 Budget & Goals

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?

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