Last weeks budget was aggressive and completely achievable in my opinion and the results help prove this. I missed my targets in two categories and both could possibly have been kept within their targets. Here are this week’s numbers:
June 9 – 15
The two categories that I missed were food and gas; one has a good explanation and the other was purchasing some additional food for this upcoming week. The price of gas has been slowly climbing and I haven’t been driving very much to compensate. This week was father’s day and we hadn’t seen my parents for a while so we went out to see them. Rather than hoping the remaining $15 in my budget would cover gas for the drive I decided to suck it up and fill up. I was completely floored by the fact that gas cost me almost $70 to fill up! On a positive note I won’t need to fill up at all this week.
On the food front again we spent a bit more on food partly because we were making fathers day dinner for one of the dads. But with all that said the allocated amount could have been kept in check. I think with some smart planning and budgeting the grocery store purchases can be brought into check quite easily.
Other than these two items I’m very happy with this past week. All of the other categories were below what I was expecting to spend. I also went out of my way to make sure some of the categories were below their numbers rather than above them. I wanted to write a post about this later in the week.
Finally the cost of gas and trying to control cash flow has made me ponder getting a smaller car. I don’t drive a lot but the fuel efficiency is something I’m sure to notice not to mention insurance prices on smaller cars aren’t as high as SUVs. I’m still pondering the idea and don’t want to make a hasty decision though if gas prices keep going up I’m sure I won’t be the only person thinking about downsizing their car.