The goal is to be below the average from last year of $7700, but November came in at $8800… We are over again… But all hope is not lost… Because of the low spending months at the beginning of the year, if we keep December spending under $5700 we could average about the same over the year… Of course, everyone knows that December is the spendy-est month of the year, so I’m not exactly expecting success on this front. Anyway… This total includes our mortgage, utilities and normal monthly costs, but doesn’t count special spending that we saved up for (planned spending as I call it).
We once again had some extra mortgage expenses that I wasn’t totally expecting because I didn’t really take a good look at the dates… We took both the dog and one of the cats to the vet this month, so that was a bit of a bigger expense, and we also got life insurance on both myself and my husband now, so we started the monthly payments on that this month. (Hmmm… Should I do a post about our life insurance?) And another reason for the higher expenses is that we started buying Christmas gifts and we sent some gifts to family overseas.
Last year, November was another very frugal month for us (lowest month in 2015!). We came in just over $6000. But as I mentioned in the last update, I was away for work for a lot of October and November last year, so I am not sure that it is truly representative of our lifestyle or just a fluke…
And now for a quick recap of my finance-related goals for 2016: