Sunday, April 8, 2012

mo' money, mo' problems: part 2

Remember that budget thing I was talking about trying last month? Well, I'm trying it out. I got my monthly & bi-monthly checks from my jobs at the end of March/beginning of April, and then began rigorously crunching the numbers to get something financially responsible put together. Here's what I came up with:

  • First & foremost, BILLS. Those terrible, annoying things that happen every month. Blegh. Rent, utility bills, Netflix bill, car insurance, and estimated dollar amount in gas I will use per month. I know gas isn't technically a bill, but I have to have it to get to class/work, so I think it counts. 
  • $100 for food
  • $50 for other necessities (toilet paper, soap, etc.)
  • $50 to my savings account
  • $50 in cash (This is part of my genius idea to help curb my impulse spending. I tend to save my cash & use my debit card, so I'm going to try and leave my debit card at home most days and only carry cash. I'll let you know if this plan works out....)
  • After all of that, there's still a little money left over. I like to think of it as a cushion in case I go over in any of the other categories. And yes, that's already happened :/
This budget may be modified next month, depending on how this month pans out. I feel really optimistic that this will help me manage my spending! It would be amazing to have savings again, just in case there's a month that I need extra money. 

1 comment:

  1. yeah, i definitely need to put more money in my savings account haha. i'm trying to put half my paycheck in there. lets see how that goes! good luck with your quest for a better budget.

    xoxo,
    alicia // river city chic.com

    ReplyDelete