You guys, I’m going to be completely honest and say that I am dreading this month. Look at how much money is going to go in and out of my hands! I’ve been looking at this budget over and over, for days now, and it still doesn’t seem quite right. Am I forgetting something? Maybe. Or am I just stressed out? Probably. Let’s talk about how I came up with all of these numbers, so I can try to get past it and start the month I am now calling May Madness.
The first thing you may notice about this budget is that I have added a new category: Saved For Expenses. This month, I’ll be using a huge chunk of the cash I’ve been saving up all year. On what? Moving expenses. I literally feel sick, when I think about how much this move is going to cost me, but I am so freaking thankful that I saved up for it! On top of travel expenses, I need some new furniture, will need to do a big grocery shop, etc. It’s all going to add up quickly (and the money will disappear even faster).
Moving on to regular expenses, this is the first month I’ll be living on my own this year! While I don’t think anyone likes the idea of coughing up $1,000/month for rent and utilities, that’s life in a big city. But my place is big and beautiful and I can’t wait to have my own space again. With that being said, the first month in a new place is always the most expensive. I need more money for groceries, so I can stock up on cooking oils, spices, condiments, etc. And my Internet isn’t included in my rent, so I’m only estimating what my first bill will be.
Now, let’s talk about the fun stuff… the category that makes all the stress of this month disappear: Debt Repayment. On May 31st, I am going to make my final debt repayment. I don’t really need to make my final payment that day, and I honestly do feel like I’m pressuring myself a little bit to do so – but I just want it gone. Gone, gone, gone. I want June to be a fresh start, with a new budget and new goals. I don’t want to be putting $800-1,000 towards debt anymore! So I’m going to do whatever it takes to wipe it out on the 31st.
Goals for this month:
- Move, buy some new furniture, and get all setup
- Start running 5x/week (some short runs, some long runs)
- Finish reading Wild and read at least one other book
- Make my final debt repayment (and do a major happy dance)
- Enjoy every minute of my weekend away!
What do you have planned for this month?