Today’s project – review my spending last week and see how I did on my budget
So how did I do? My budget was $100 for the week (not including groceries and other essentials) and I spent $95.99. I would be happier if I felt like I earned it, but getting sick last week really helped keep my spending in check.
Staying within my budget was harder to do than I thought, and to be honest it made me feel a little anti social at times. The idea of being invited out for drinks or dinner actually made me nervous. What would I say…. I can’t go out for dinner because I only have $4.01 left to spend in my budget this week?!?!?!
This made me realize that I need to prioritize my spending. If going out with friends is important to me than I need to cut back on luxury expenditures, like massages and cough syrup, and in general my coffee intake. 24% of my spending last week was on coffee and coffee store purchases – I’m not even talking lattes or cappuccinos…. just coffee.
I was pretty happy that I didn’t go out for dinner once last week. Yesterday ordering pizza was suggested, but instead I suggested we make homemade pizza instead. In the end, the pizza we make at home is way better than anything we can get delivered to the house.Here’s a break down on my week 1 spending: 53% – massage (less insurance deductible)/ cough syrup 24% – coffee and coffee store purchases 17% – 2 lunches 6% – other (movie rentals etc.)
This week, I’m putting myself on a $90 budget (Monday to Sunday). I’m going to try to cut down on my coffee intake and not go out for lunch during the week to make room for unexpected invitations.