February 1

How I did on my budget in January

Hey everyone,

January has just ended.

So now, it’s time to share with you how I did on my budget in January.

Here’s a link to the budget I created:

https://docs.google.com/spreadsheets/d/1FSRmR9oaKz8WVSr7ubyNON3jPyryYjgrNmVCzwyfFjY/edit?usp=sharing

Here’s how I did on the income:

  • I earned $9 more than I expected ($1741 vs. $1732). Tax tables were revised at the middle of the month (due to the new tax cuts the government passed).

Here are my expense wins for the month:

  • I spent $16 less than expected on groceries ($84 vs. $100).
  • I spent $158 less than expected on car expenses ($42 vs. $200). The remainder will go to a car expense sinking fund.
  • I spent $20 less than expected on pet expenses ($20 vs. $40). The remainder will go to a pet expense sinking fund.
  • I spent $10 less than expected on personal expenses ($90 vs. $100).
  • I did not spend anything on home office expenses.
  • I did not spend anything on household needs.

Here is my only loss for the month:

  • I spent $43 more than I expected for Utilities ($243 vs. $200). I took money out of my emergency fund.

I had $230 left over in my budget. I will share with you what I did what money in a later post.

Overall, I did better than last month.

I didn’t have holiday expenses to deal with.

I also learned to be more cautious with money (compared to December).

Here’s what I have in my sinking funds I created:

  • $510 in Car Expenses
  • $189 in Pet Expenses
  • $145 in Car Insurance
  • $41 in Emergency Fund 2
  • $42 in a Christmas Fund
  • $22 in Pest Control Fund

Please let me know what you think and how I can do better on my budget.

Thank You and Have A Great Day,

Millennial Buddy


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Copyright 2018. All rights reserved.

Posted February 1, 2018 by Millennialbuddy in category "Personal Finance", "Uncategorized

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