I challenged us to not eat out or order take out/delivery for the whole month of February, and I think we did pretty well. The only dinner that we ate out together was on Saturday (Feb 28th), so that was sort of like a reward for the rest of the month. And I only ate one lunch out (while traveling). Oh, wait, that’s not true… I ate out once with some coworkers, but that got paid for, so not out my budget. 🙂
My fiance (still working on a name for him on here… and I guess a name for me…) ate out and got take out quite a bit more than me, but his schedule with work has been chaotic and somewhat unpredictable, and he’s aware that we are trying to cut costs in the food department, but it’s not as easy for him to go cold turkey… We did go for milkshakes/smoothies the other night with the fiance’s daughter, so I guess that is eating out as well… sort of.
Anyway, I think the experiment was a success, and this next month I’m not going to be as strict on myself, but will try my best to maybe limit eating out/take out to once a week (if at all).
So, let’s forget all this mumbo jumbo and go for the results:
|1. Mortgage & Property Tax:||$ XXXX**||$ XXXX**|
|2. Utilities & Home Insurance:||$ XXX**||$ XXXX**|
|3. Savings & RRSP Contributions:||$ XXX**||$ XXXX**|
|4. Life Insurance, Medical & Family Expenses:||$ XXX**||$ XXX**|
|5. Cable, Cell Phones & Internet:||$ XXX**||$ XXX**|
|6. Car Insurance, Maintenance & Gas:||$ XXX**||$ XXX**|
|7. Food (& Liquor – including eating out):||$ XXX**||$ XXXX**|
|8. Household Goods & Toiletries:||$ XXX**||$ XXX**|
|9. Fitness & Sports:||$ XXX**||$ XX**|
|10. Clothing & Personal Care:||$ XXX**||$ XX**|
|11. Misc. Others:||$ XXXX**||$ XXXX**|
|Total:||$ XXXX**||$ XXXXX**|
So… yeah, another not so great budgeting month… But I feel like it was an improvement over last month.
Let’s discuss the categories.
1. Mortgage & Property Tax: Not much to say here. Normal.
2. Utilities & Home Insurance: The thing that makes this one so high is that we pay our home insurance in one lump sum (it saves like $20-30 or something in the monthly set up fees??) and we pay it in February. I budget a little bit each month to go towards the home insurance, so there should be a “fund” for this, but haven’t exactly figured out how to make that happen…
3. Savings & RRSP Contributions: I guess going over in this category isn’t a bad thing. We had some gift cash that we hadn’t deposited, so we finally got that in to a savings account and bumped up our home reno fund.
4. Life Insurance, Medical & Family Expenses: Had a few medical expenses come up that I hadn’t anticipated. Hopefully this category calms down a bit in the next few months.
5. Cable, Cell Phones & Internet: I think one of the cell phone bills didn’t get paid yet? Or maybe the cable bill? It might make March look expensive.
6. Car Insurance, Maintenance & Gas: I budget to put some money in to maintenance funds, but we didn’t spend any on maintenance this month, but spent more on gas… so there really isn’t that much in the “fund”… more stuff I have to figure out.
7. Food (& Liquor –
including eating out we aren’t eating out this month): Despite me not eating out, we still managed to rack up quite the food category again. Not cool. I might have to get on the fiance for his food habits. Or just start budgeting more for food? I don’t know the answer yet.
8. Household Goods & Toiletries: We bought a toaster because ours broke. It’s a nice toaster.
9. Fitness & Sports: I didn’t sign up for the half marathon yet, but the fiance played some drop-in hockey that required payment.
10. Clothing & Personal Care: Right on budget… not much to say.
11. Misc. Others: This category includes travel expenses. I went on a girls’ weekend and paid for a bunch of the accommodation, and then they paid me back in cash, so that sort of isn’t shown in the budget… Also, I paid for a bunch of stuff that my work will pay me back for, so it almost shouldn’t be in here… Maybe I should keep the work expenses separate? I don’t know. This budget thing is still a work in progress.
So there you have it, our February budget results. Not stellar, but I’m okay with it.
How has your spending turned out for February?
**Edit: I have decided that I don’t want to share my actual numbers on the blog, so I have removed them from this post… Sorry if it makes it a bit confusing or unreadable… Hopefully it isn’t unbearably so.