I am really excited. A couple of weeks ago DH and I sat down and came up with a plan to get our finances in better shape. The number one goal was to be better about our budget. This month we did great.
These are the areas we were monitoring along with our ending totals:
Entertainment: 0
Dining out: +6
Study expenses: +5
Personal care: 0
Hobbies/Leisure: 0
Household/home improvement: +8
Groceries: -16
Gas/auto: -29
We only had two categories over for a total of -$27 dollars. Although yesterday while we were running errands DH and I spent in the gas and grocery categories knowing that we would be over. Figured it was better to spend while we were already out than make a separate trip in a couple of days, just so it would be in the correct month. But I am going to subtract these from the amount available for next month.
Now being in budget is something great and exciting, but I am most happy about all the money we are transferring to our savings account. I am going to wait until June (after the next car payment is taken out), and then I'm going to drain our checking account. Since June is an even month the money will be going to our savings account which is a catch-all for our EF (fully funded), down payment fund and dining room table fund. Guess how much I'll be adding!! $818.46! And this is in addition to the $344 I added in May before we decided to do the even/odd savings. So this month we've added over $1150 to our savings account!
What a wonderful feeling. I hope next month we can do the same or even better. It would be great to throw that amount toward the cars!
May update
May 31st, 2007 at 06:56 am
May 31st, 2007 at 08:24 am
May 31st, 2007 at 11:03 am
May 31st, 2007 at 02:00 pm
May 31st, 2007 at 03:51 pm
June 1st, 2007 at 12:31 am
June 1st, 2007 at 05:37 am