Friday, June 3, 2016

Monthly Spending in May 2016


Net Worth Change from Previous Month: 0.07%
Total Spent: $568.00

As I've said before, I put a large amount of my monthly income into savings automatically ($458 goes to a Roth IRA, $200 goes to a mutual fund that I'm using to save for a house down payment, and then $150 goes to SmartyPig for fun savings—right now, to fund a vacation, a car, and closing costs). Despite this, in order to keep my Mint account looking clean, when I've gone over my $300 budget in a given month, I've "pulled" from the savings so I don't have any overages. It's mentally allowed me to overspend a bit much, though, so in May, I decided to stop doing that. If I go over in any category, I'm going to make it roll over to the next month, so I have to work it off then. I think this will be helpful for me going forward.

As you can see, I went over quite a bit this month with some semi-unexpected costs. (I say "semi" because I knew they would happen, but didn't plan for them well enough.) What popped up? $86 for a photography course I've wanted to take for a long time, and $100 for quilting supplies for a friend's baby shower. I also spent more on transportation than I expected, using Car2Go twice to get bagels for R.'s family when they came to visit on Mother's Day. Food went over because of our awesome trip to Vermont (worth every penny!). For weekend trips, I'm going to try to keep my expenses under regular month-to-month spending, so I don't have to pull out of my travel fund. And my biggest purchase was a pair of Warby Parker sunglasses for $175. I planned to buy them this month and still keep under budget. Obviously that didn't happen, but I still think they're worth the price, especially because it's allowed me to postpone buying contacts for a while longer.

No freelance income this month, but I did start working on another project, so there should be a bit more coming in soon.

In June, I'd really like to get back on track with the budget I blasted out of the water. Hopefully having the red lines in my account helps keep me honest! We're going to Florida with my parents, which likely won't be too expensive. They very kindly paid for the flights, and I imagine we'll mostly be hanging out around their house and eating at home. Other than that, not too much else I foresee coming up, so hopefully I can clear off the "debt" on gifts and education pretty easily.

How's your budget going? Did you meet any exciting goals this month?

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