New month, new apartment, new goals, new budget!
I am so excited about the new layout of my budget, because it should give me a much better picture of what I’m spending on the different areas of my life. With that being said, it’s not 100% perfect yet, as this is my first month of living in a new apartment with a roommate, etc. so it will be a bit of a test. But let’s talk about what I think my budget will look like.
Starting from the top, I mentioned my new savings goals a couple weeks ago, so that’s what you’re seeing here. I’m planning on putting $250/month into both a Regular Savings account and a Travel account from now until the end of the year, so that I can finish 2013 with at least $1,000 in both. I also want to put 10% of my take home pay into my RRSPs.
Living with a roommate again means that my housing expenses are going down significantly. My rent is now only $740/month, in comparison to the $1,000 I was spending before. The new building has a pool, sauna and gym (added bonuses for me), but I’m losing my in-suite laundry (tear) so I added a little bit of a budget for that. And we’ll obviously be splitting our TELUS bill.
Food looks the same, as does Life, but it’s nice to see those expenses chunked together. The one category I am adding to this budget is my car insurance. I need to renew my insurance this month and, when I do, I’m going to switch to monthly payments. If $150/month looks scary to you, it does to me too. Living in Vancouver = paying double what I was paying in Victoria. (More tears.)
Finally, some of you regulars will probably notice that I’m budgeting for $500 less than usual. Don’t worry, nothing crazy is happening with my money. My car accident just changed some things, put some plans up in the air, etc. and requires me to have more cash on-hand to pay for treatments upfront before getting reimbursed. I’m trying not to talk about all that on here, but know that what isn’t spent will be saved.
Goals for the month:
- Track my spending
- Save at least 25% of my take home pay in various accounts
- Keep eating healthy
- Read at least 2 books
What do you have planned for this month?