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 01:56 pm
May 31st, 2007 at 03:24 pm 1180625049
May 31st, 2007 at 06:03 pm 1180634627
May 31st, 2007 at 09:00 pm 1180645248
May 31st, 2007 at 10:51 pm 1180651880
June 1st, 2007 at 07:31 am 1180683088
June 1st, 2007 at 12:37 pm 1180701437