1/04/2011

$100 Diet

Posted by with 2 comments | in
Like so many others, Jordan and I overspent over the holidays.  We had an amazing Christmas and New Years and don't regret a dime that was spent.  That said, we do need to get back on track.  With this month being our roommates last, things are even tighter then they would have been (as we don't have his $500).  So, we've issued ourselves a challenge.

We need to spend no more than $100 on ALL VARIABLE EXPENSES for the month. That includes groceries and gas....which is probably all we will spend it on - there's no room for entertainment here.

I imagine we'll be getting a lot of use out of our world of warcraft subscriptions (and my ancestry.ca subscription).

This is what this month's budget looks like:

There are no allowances or planned spending saving this month.  If we can stick to this, then we'll be 100% on track to get our savings back on track and our credit card in check

you may notice that there is about $130 that we're carrying over into next month - this is needed next month to cover an anticipated, one time, increased phone bill.


so...there it is.

Are any of you living on tighter budgets this month to play a bit of catch up?

I'd love to say that this was just because we didn't plan well, but we had two huge family emergencies this past year that depleted our Christmas and Emergency funds both times.  I'm looking forward to an emergency-free 2011.

Related Posts:

  • Ugh...Due Dates!So when Jordan and I first got our joint credit card, we set up all of our budgets based on  monthly spending patterns, because a credit card bill is due once a month.  That make sense, right?  Right.  Not… Read More
  • Potential 2011 BudgetBased on the goals I described in the last post, here our potential 2011 budget.   While we budget on a monthly basis for the big picture, the variable expenses get broken down into weekly transfers to align with our p… Read More
  • We've Hit Our LimitIt's only the 27th of the month, and our budget is meant to last us until the 5th of the following month - and we've already hit our allotted spending cap - plus some Christmas Shopping!  We have 8 days to go, and I'm no… Read More
  • Three Month Spending TrendsI have been looking forward to writing this post for the last few months,  we've finally been able to review three months of spending patterns for Jordan and I since we combined our finances and started using our joint c… Read More
  • November Monthly Budget You'll notice that there are a couple of fields that are empty already (roommates rent and Jordan's credit card) - that's because those transactions have already happened.  My budgets tend to be very active, always upd… Read More

2 comments:

  1. melissa4 January 2011 at 20:47

    I am in the same boat as you this month. A lot of movie nights and homemade popcorn this month! :)

    But my only question is... $100 this month on groceries??

    ReplyDelete
  2. Jessie4 January 2011 at 22:49

    ..yeah, it's a stretch goal for sure. Our freezer and pantry are both full - so it's really just fresh veggies and milk that we'll need to buy. We might not get there, but I'm hopeful :~)

    ReplyDelete

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