REMEMBER: You can download this budget template!
The last of three very expensive months is here! With a little bit of travel, and a whole whack of bridesmaid expenses, I’m two parts excited and one part anxious to see how this month will be.
Starting from the top, you’ll see that, once again, my savings goals will not be met. I have a separate spreadsheet to keep track of my original savings goals for the year and the actual amounts I’ve saved, and the numbers don’t come close to matching up. I’m going to wait until the end of this month to decide how I want to adjust my goals going forward. For now, all I can do is save what little amount I can.
My regular living expenses all look normal. Under housing, I’ve included what I think will be my Internet bill going forward. I gave myself a healthy budget for takeout, because I already have a couple of coffees, brunches and dinners planned. Transportation costs look the same as always. And my health care costs include nothing more than my regular monthly expenses. (Speaking of health care costs, guess whose company just gave benefits to its employees? Yep – mine! They kicked in on the 1st. Good thing I didn’t end up buying any on my own, eh?)
As for my travel expenses this month, I included a small budget for what I spent during my last few days in Toronto. And the amount I’ve budgeted for Victoria probably looks random, but it’s simply 3 x $69 trips with my car on the ferry: one when I came home yesterday, and then a roundtrip for when I need to go back to Victoria for my friends’ wedding at the end of the month.
And that’s where so much of “my money” is going this month! This past weekend, we hosted the bachelorette party at a hotel in downtown Victoria. Tomorrow, I’m picking up my bridesmaid dress from the shop I took it to for alterations, so I’ll need to pay for that. (Bonus: We don’t need to pay for hair or makeup!) And then I still need to get her a wedding gift…
In total, I plan to spend 37.5% of my income on housing, 11% on food, 10% on transportation, 3% on health care, 4.5% on myself, 2.5% on charity, 9.5% on travel, 16% on my girlfriends’ wedding and put just 6% in long-term savings. It should be a fun month, but I have to admit I’m looking forward to May being a little quieter…
Goals for this month:
- Hang out with my mentee
- Submit my first piece to The Globe and Mail
- Throw a fun bachelorette party / be a great bridesmaid on my friends’ wedding day
- Try to workout 3x/week
- After 23 days of travelling/dining out, do some serious clean eating at home!
What do you have planned this month?