Wednesday, May 19, 2010

Mid-month Budget Check-In

I am really trying to stick to my budget this month-it's been in the adjusting phase for the past few months, since I've been trying to figure out how much I need to spend. Before this, I just sort of spent blindly, crossing my fingers that I'd have enough. That seems crazy now! I am certainly not perfect about my budget, but to not even plan it out...that stresses me out just thinking about it.

This month I made both my eating/drinking out budget and my grocery budget a little smaller, based on last month's totals. The eating out is going really well. I still have $93.55 left in cash, and I have a cheap weekend coming up (free work dinner and drinks, roommate's birthday, which I budgeted separately, and then the LOST finale on Sunday.) This is the area that's usually the most difficult, but I feel really good about where I'm at with this one!

On the flip side, I don't know if I can stay under budget for my groceries this month. Part of it is that I have been forgoing eating out, so I spend more. Also, I am really tired of my go-to cheap bulk recipes. They're good, but I've just eaten them a little too often. So, I bought groceries that I can't stretch as far. Also, I needed TP, shampoo, and toothpaste this month, all of which came out of my grocery budget, and none of which are expenses every month. As of now I have $46.32 left for groceries this month (until June 4th, my next payday). I think it's doable if I do some very strategic planning and have discipline.

What parts of your budget are the most difficult for you to stick to?

3 comments:

  1. Lately it's the eating out part of the budget. But then I usually steal a bit more from my other areas and make it balance. Less snowflakes toward debt, but at least I'm breaking even!

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  2. I have done a budget every payday for 3 years, so I feel like I kinda have it down to a science. Seldom to I go over budget. The reason for this is that when I get paid I pay everything including my extra debt payment and savings. This means that I only have a limited amount of money to work with until the next payday. Sometimes money gets really tight, but it is just a reminder that money is finite. If things got tough enough to be considered an "emergency", I will use my emergency fund. I haven't had to do this often.

    Good Luck

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  3. Absolutely it is the food part, whether it be groceries or eating out/take out. I am slowly getting better but it sure is a work in progress.

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