I managed to do quite well for January, in all my infinite wisdom, I stuck fairly close to the budget I had set out. The sad moment came when I realized my income was going to be really low for January. It’s disappointing to realize that I put clothes and a fancy alarm clock ahead of debt repayment and savings. I’m certainly much better than I was a year ago, but I still need to reinforce the habit of planned spending – all major purchases need to be saved for before I buy.
Under budget $467.55 – Wait that cannot be right. Wait a minute, something has to be wrong, it says under budget. WOW. Way to go me! Is that a pig flying? The only downside is I overspent my income; I hadn’t planned on my income being so low in January. Luckily, I didn’t exceed it by too much, only by about $600.
Areas Over Budget:
Auto & Transport $56.74 – No drama. It’s somewhat important to see where you’re going when you’re driving, so I thought it was about time I bought new windshield wipers. They were on the car for two years since new. I did however receive quite a shock at the $84.75 that all three-wiper blades cost. Sadly, I have to buy from the dealer; local auto shops don’t carry them.
Food & Dining $143.21 – Groceries has the greatest impact this month and put me $110 over my budget. We can blame this on poor meal planning and a hectic work month. I end up stopping off at the grocery store to get some quick food to cook, instead of the planning ahead and taking frozen food out to thaw the night before.
Home $179.49 – This was a case of unplanned spending. I made the decision to buy the Philips Wake up Light alarm clock that I’ve been coveting for quite some time. I have the money to pay for it; I just didn’t put it into my budget. Let me say, the purchase was well worth it! I’ve been waking up on time, feeling energetic and generally have a positive attitude. That is miraculous considering the dreary excessive Canadian winter we’re having. To make a long story short, the clock simulates a natural sunrise.
Personal Care $23.86 – I underestimated the cost of my contact lenses and forgot I needed a few other personal care items.
Shopping $199.62 – All clothes my friends, all clothes. I knew this fashion cleanse wasn’t going to be easy and so far, it has not been easy at all. I’ve tried not to go online and check out what’s new at my fave fashion retailers but it’s been damn near impossible.
Areas Under Budget:
I’m happy to say that everywhere else in my budget came under. Some items had to be postponed as my pay in January was utterly awful, December was a lousy sales month and I only received a $300 commission. When you’re used to $1600-$2000 that’s a huge cutback in income.
Because of my lower commission, I did not make an additional $100 RRSP contribution, I was only able to pay $1000 of the $2100 goal for debt repayment and I did not put my usual $200 aside for car maintenance.
January 2014 Goals Recap
Exercise – I’ve joined the Tone It Up Love your Body 6 Week Challenge, so I’ll be working out every day. PASS
Diet – Remove refined sugars, white flours and remove red meats. Switch to fish and chicken only. Coffee is reserved for weekends only and only $20 for wine. PASS and FAIL. I’ve been eaten primarily fish and chicken to receive a pass but coffee has been a morning routine that I can’t break.
Online shopping ban – No shopping online, at all! FAIL, FAIL, FAIL I have wish lists at two of my fave fashion retailers. Uh oh!
Make my first $2100 debt repayment FAIL My income was too low for January and I was only able to make a $1000 payment, better than nothing though J
Do the Writer’s Devotional activities every day. PASS
February 2014 Goals
Relax, Relax, Relax
Try not to exceed my vacation budget – I already have quite the list of things people want me to bring back for them.
Take some time to think about the future and my plans for 2014.
Set up a savings plan for a new Blu Ray player, TV and mattress. The mattress should have been replaced a year ago and the TV and Blu Ray player are on their way out. I’m starting to have issues with them both, I suppose that’s inevitable for aging electronics equipment. Blu Ray is over six years old and the TV, well the TV has me stumped. It was a prize I won from work and is only four years old, I have a feeling it may have been a demo unit from the manufacturer. Regardless, I will use both until they crap out and/or I have money saved to replace them.