Update: May 2014 Budget & Goals
REMEMBER: You can download this budget template!
So, I never actually shared my budget at the beginning of the month, because that’s when I decided to take a two-week break from writing. (Thank you again for understanding!) May was a pretty quiet month, other than a one-week trip home to Victoria and Tofino, but I still went over in a few categories. Let’s take a look.
May was the first month I budgeted for my new savings goals – and met them! I also stayed on budget during my trip home – although I lost track of where $20 or so went in Tofino, so I just rounded up. And my fixed expenses (housing and health care) all remained unchanged.
Now, can we not talk about how much I spent on food this month? Honestly, that disgusts me. How did more than $400 go into my belly!? I do know the answer: I spent wayyy too much on takeout when I was in Victoria. After adding up the numbers at the end of my trip, I put my spending on lockdown.
The little amount I spent on gas surprised me at first, until I looked at my tank on Saturday (May 31st) and realized I would have to fill up on Sunday (June 1st). Ha!
Finally, I bought myself a thin summer hoodie from the surf shop Baby Sis works at, and did a Walmart run for toiletries, which put me over budget for “Personal Care”. I also pitched in for Mother’s Day, and watched $40 cash disappear from my wallet. (Seriously, I’m the worst at keeping receipts. I could never live off cash.)
In the end, I put 19.5% of my income in long-term savings, spent 37% on housing, 13% on food (won’t be repeating that next month), 9% on transportation, 10.5% on travel, 3% on health care, 4% on myself, 2.5% on gifts for others and donated 1.5% to charity.
Goals for this month:
To be honest, I didn’t set any. However, I can tell you I worked out at least 4 days each week (even if they are short and not as intense as I’d like, they are workouts nonetheless!), got a lot of freelance writing done and started to map out my summer budgets.
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: