Life is back to normal this week, the baby is back home and we’re grateful that she is. Had you asked me what I would have thought of my daughter leaving for a week a couple years ago I would probably have looked at you funny. First off a couple years ago there was no baby in the picture and only discussions of one so I would never have conceived my life changing so much. While it doesn’t mean that life is slower nor any less hectic if anything more so but the priorities are a bit different. Unfortunately as this month has shown I am still struggling with a few of the same demons financially. Here is this week’s budget:
|Updated July 27, 2009 – 11:00 pm|
Its been a few weeks since I started my weekly budgeting back up again and I am starting to understand where my money is going far better. I know there are a few of you out there ready to throttle me because its rather obvious. For as much as you are correct I wanted to take the slower approach to getting to the bigger picture. I knew I spent too much on smoking and drinking and watching my spending has pointed out just how much. I didn’t try changing my lifestyle in some vain attempt to get everything under control. Convince a hard core smoker or coffee drinker to quit cold turkey without any preparation – my only comment is good luck if you have to live with them.
My goal with this month was not to dramatically alter my spending but to get a strong understanding of where I was spending my money and for the most part it was going where I thought it was. I didn’t think I spent over 16% of my total expenses on the car or some form of transportation; that was a bit of a surprise. The food and housing costs were where I was expecting them – give or take. Now that I really have the bigger picture in August I will start curbing some of the unnecessary spending; in order to get under my budget from week to week. This won’t be perfect by any stretch of the imagination but I think it would be nice to cut back on some of the smoking and drinking spending and put that either onto the credit cards or into investments.
Speaking of investments although I might have had limited success this month with the budgeting I did suceed in one thing and that is to start setting aside some money even if a tiny portion. I’m paying myself first – even if its very little. One has to start somewhere.