We are a third of the way through February so I thought I would analyze my budget and just check to make sure I am on the right track. This is my first month following a budget, a hardcore budget. So far it really hasn’t been as hard as I thought it would be. I have made a major effort to avoid spending extra money. I think I created a monster though! My husband is completely on board which is exciting for sure, but my camera took a crap on me and I told him about it and he says… “a replacements not in the budget!” I’m thinking that a replacement camera isn’t considered an emergency… so looks like I wont be replacing it any time soon.
As I looked over the budget everything is on track. We did have a little hiccup though… we are over budget on our back patio cover… like $300!! I was so upset when I realized it. I see the light at the end of this debt tunnel so this set back was upsetting. Lesson learned, ALWAYS over budget by 15% on a project. Maybe other people don’t have to do this but we are always over budget I should have known better. So basically I had to re allocate some funds. I was going to make a big payment on my student loan but now I can’t. Life goes on!
At the beginning of the month I decided to go fast food free all month-long… well… we had a few rainy days and the kids were going a bit crazy so I had to get them out of the house. We couldn’t go to the park so we settled on McDonalds, they have a fun pay area. I thought I’d feel guilty breaking my rule but a moms gotta do what a moms gotta do! I spent $7 and the kids had a blast for over an hour. Then we went to the mall and they played in the kiddie play area. It was a fun and cheap outing! I’m going to continue to avoid fast food and make sure I plan my trips to town so that they avoid lunch and dinner times. I will keep you posted on how I do the rest of the month!
Update on my February financial goals…
- DO NOT TOUCH EMERGENCY FUND- Still in there!
- Pay off Kohls card- $200 owed
- Put $333 towards Lowes Balance
File Taxes- DONE Switch my Life Insurance policy… Saves $12 monthly for the same coverage… zanderins.com- DONE
- Add $200 more to my Vegas Vacation Fund! (This trip was planned before we started the Baby Step program)
- If our tax refund hits in the month of February distribute to our debt snowball- should have it 2/11
New Goal- Create a will… DONE
I have to say creating a will was so easy. I went to a California state website and they had free forms you could fill out. Then you just have two people sign it as witnesses. To think I was going to pay a website to do that for me! A little research goes a long ways.