REMEMBER: You can download this budget template!
Happy New Year, friends! How did you ring in 2014? I spent part of my night writing this post, then curled up and finished a book I only started reading on Sunday morning. It was a quiet night, but one I needed.
Before I can jump into my first budget of 2014, as well as the goals I’m setting for myself this year, I need to first add up the numbers for my last budget of 2013. For a month that is always full of expenses, I’m both surprised and happy with the total at the bottom of my spreadsheet. Maybe I’m finally in the groove of this whole budgeting thing! Still, let’s see where I tripped up…
Of course I would go over budget on the first line, right? Ha! But putting an extra $50 into savings can’t be a bad thing. I had my heart set on finishing 2013 with $2,300 in my Emergency Fund, and I needed that extra $50 to make it happen.
Then there was my trip to Toronto, where I stayed a good 30 minutes outside of the city, and used that + cold weather as an excuse to take a few cab rides. Sorry/not sorry.
My grocery bill was higher than I expected, considering I was out of town for 14 days of the month! However, I did have friends over a few times, and extra snacks and meals (and cookies!) add up fast.
Tenant insurance was something I planned to have in place by January, but ended up making my first payment for in December, so that’s where that overage (and new category) came from.
Finally, my health care premium is going up in 2014, and since you pay the premium one month ahead of time, that meant I had to pay the higher amount this month.
In the end, I saved 30% of my income in long-term savings, spent 36% on housing, 8.5% on food, 8.5% on transportation, 12% on travel and the leftover 5% on myself. Not too shabby…
Goals for this month:
- Finish 1-2 chapters of CSC – PASS! I finished 1 chapter.
- Read 2 books – PASS! This month, I finished reading Drink by Ann Dowsett Johnston and started/finished A Homemade Life by Molly Wizenberg.
- Workout 2x/week – PASS! I didn’t actually start going to the gym again until mid-month, but since then I’ve been going twice/week.
- Relax and enjoy a week off work between Christmas and New Years – PASS! I was tempted to check my email so many times, but managed to stop myself.
- Create a realistic list of goals for next year! – PASS! I’ll be posting these next week.
How did your month finish up?
Also, in case you missed them, you can still read this month’s guest posts on Gail Vaz-Oxlade’s blog:
2013, Dec 29 – The Highs and Lows of 2013
2013, Dec 22 – My Holiday Wishes
2013, Dec 15 – Baking isn’t Frugal (But it’s Fun)
2013, Dec 08 – December’s Budget is Already Shot
2013, Dec 01 – What to Buy the Boy Who Wants Nothing