July 2014 Budget & Goals
REMEMBER: You can download this budget template!
Back-to-back budget posts this week – only July’s looks a little different than last month’s. Can you spot the difference? Hint: It’s the total at the bottom.
I’ve been thinking about my spending habits a lot lately and have decided it’s time to get serious about cutting back. I’m working on a more detailed post about this for Monday, but here’s a little breakdown of this budget.
My savings goals remain the same. I can’t change my fixed expenses (all housing, most of transportation and health care). And I’m sticking with $150 for gas this month, since summer gas prices are higher than ever, and I’ll be driving to Whistler and back at least once.
Speaking of, I’m heading up to Whistler this weekend with a couple of my girlfriends, to celebrate my birthday. We don’t have anything special planned – a hike on Saturday, dinner on a patio and maybe stop at a lake before we drive back on Sunday – but I’m really looking forward to the getaway. I only need to budget for food/fun here, so I think it’ll be a fairly inexpensive weekend (as far as weekends in Whistler go).
At the end of the month, more of my girlfriends are coming over from Victoria for two days of hiking, and the first trail they plan to tackle also happens to be in Whistler. I’m not 100% sure I can get the day off work yet, but if I can I’ll be heading up with them (for just a day trip). After that, I’m heading back home to Victoria for the August long weekend (my last trip over until late October, sniff sniff).
As for non-travel food costs, I’ve limited my restaurant budget even further this month. I probably sound like a broken record here, so please forgive me, but I finally had my aha! moment and now feel sick about how much I’ve been spending on dining out lately. Again, I’ll talk about this more on Monday.
Finally, I received some money for my birthday which I plan to purchase a new pair of running shoes with but, depending on how much they cost, I may have to pay the difference myself. I also desperately need a new sports bra, so the two together make up what I plan to spend my personal care budget on.
In total, I plan to put 22% of my income in long-term savings, spend 41.5%* on housing (ouch), 10.5% on food, 11.5% on transportation, 6% on travel, 3% on health care, 4% on myself and donate 1.5% to charity.
*The new, smaller total at the bottom makes my housing costs look that much more expensive. Yikes.
Goals for this month:
- Read 1 book
- Workout 4x/week
- Buy new running shoes + a new sports bra
- Then start a new yearlong challenge (have I convinced you to come back on Monday yet?)
- Host a meet-up in Vancouver on July 24th. I’d love to see you there!
What do you have planned this month?