Check in for 1st Quarter 2016

How did I do spending wise?  Not great.  But my tax return helped a lot.

January $89 left over

February neg $2350 – Vacation – mental health break

March $2979 left over

April $379 left over

In March I started my new savings plan.  We had a great vacation in February where I decided to go with my mom and take the train to Chicago and go first class.  A ton of fun with my mom.  Came home with the flu.  But we had fun.  Want to do that again.  Wiped out my savings. Yes I know that’s not what savings are for.  But a mental health break is sometimes needed.  And next time I know how to do it cheaper.

In March I got a great tax return and paid off all my credit card debt and put $1700 in savings.  That felt good to get back on track.  Starting with zero on my credit cards feels great. So I’m going to try to work on maintaining that.  Plus I’d like to save $600 a month to get a six month reserve fund.  At this rate I should reach my goal by November.

In April I spent quite a lot, but those were household expenses for the most part.  Things that I didn’t want my mom to have to put on her credit card.

But to be totally honest – I need to cut back eating out and shopping for fun.  Online purchases are entirely too easy.  I think I might try something new.  No Paypal transactions going forward.  And I’ll try something that isn’t new. No purchases the same day as I see an item.  And remember – no sale saves you as much money as not spending anything at all.

Here’s the budget for May

Rent/Groceries $1200

Gas and Auto – $80 (Thanks low mid-west gas prices)

Business Purchases – $70

Entertainment – $25

Dining out – $200

Doctors and Medicine – $150

Shopping – $100

Cash – $80

Misc. – $50

Total Expenditures $1955

Total to Savings $600

Total for the month – $2555

Projected for May

I already know I’m going to a movie during the beginning of May.  Also I may be getting a new-to-me car at way under the cost of a new car. But I’m hoping to sell my existing car for a decent amount too.

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