I started this month off with no budget, which is really unusual for me because I was moving, I knew money was going to fly in and out of my hands. But I tracked my spending daily and am really happy with how the month finished up.
First of all, 24% of my spending went into savings! I put $700 in my Emergency Fund, which is now going to sit at $2,000 for a few months, while I focus on a couple other savings goals for the rest of the year. I know $2,000 isn’t much – and it certainly doesn’t make me feel safe yet – but I am glad it’s there.
My move only cost me a total of $228.50, which was a welcome surprise – and most of that was the purchase of a new dresser, as I’ve gone without one for months. But my old landlord gave me all $500 of my security deposit back, which covered many of the other costs associated with the move.
The rest of the categories were fairly average, other than two: Restaurants and Gifts. One of my co-workers came to visit me for a week and, while we spent most of our time on my couches, I did make sure we went out for some good dinners. As for gifts, August is always full of birthdays (Dad, “niece”) and there was also a surprise engagement to celebrate.
Considering that I usually budget for $3,000 each month, I’d have to say I did pretty good without an actual budget in place! But I also worked hard on a new layout for my budgets going forward, and can’t wait for you to see what September looks like.
Goals for the month:
- Put 10% of my income in my Emergency Fund – PASS! I actually put 24% of my income into it.
- Put 10% of my income in my RRSPs – FAIL! See above.
- Track my spending – PASS!
- Post a completed budget at the end of the month – PASS!
- Stop eating so much ice cream! – PASS! I still ate a decent amount of ice cream, but I also started eating a lot better (because exercising isn’t an option right now) and lost 5 lbs.
How did your month finish up?