As I posted a little previously Beau and I are making a budget as our family income is taking a hit due to maternity. We finished the budget part last weekend. Now we are on the sticking to budget part.
As I suspected, we already have a pretty lean budget to begin with. More than 50% of our budget is fixed costs like house, car, insurance etc. The only place we could cut our expenses is food and entertainment. Food is one of our indulgences. We love our regular restaurants and trying new ones. Also, one of our bad habits, where a lot of our groceries goes to waste because we just forget to eat them on time. This year we are going to cut back on this part of the budget by keeping the eating out to special occasions or outing with friends/family. This also means we will do more meal planning and hopefully cut down on the food waste at home.
I don't want to spend too much time on tracking our spending. I already keep books for my rentals, Beau's business, and my small business so I don't want another set of accounts to keep. So I'm trying out Mint.com. The first glitch with mint.com happened today when it didn't work with my MBNA Mastercard. I submitted a ticket so hopefully they will have it resolved soon.
Making a Budget & Sticking to it
Related Posts:
Save Money by keeping Snacks at my DeskIt’s pretty self explanatory. But it really does work. These are the conversations in my head this morning - Not all of them, just the ones regarding breakfast.7:30am (while still in bed): “Ugh! I’ve nothing to bring for b… Read More
Networth reflectionsIt was a week ago since I reached my networth goal. It’s time for a little reflection and a plan for what comes next.I’m happy that I reached this goal before the date I set. I will continue to save and invest. However, I … Read More
Budgeting for East Coast TripAs you have noticed on the side bar I’ve set a savings goal for my East Coast trip this summer. Usually, when I travel I have an approximate idea of how much I would spend. A little less/more doesn’t really matter. However… Read More
Happy Friday!Today is payday from the cafe. As this is just a regular paycheque and not from any extra shifts I took to fund the East Coast Trip or Laptop money I am only allocating the usual 10% to fun.10% of this paycheque means 12.68 … Read More
Thrift Store ShoppingToday we went to a thrift store. The bf needed a lamp because his rental doesn’t have lights in the living room and bedroom. This is a temporary stay for him until he finds a place to buy. I suggested getting something at … Read More
0 comments:
Post a Comment