April 2016 Financial Update

YNAB four_rules
It’s official!  I’ve been using YNAB for a year!  This is exciting for me because I now have enough stored data to be able to compare annually!  (Yes, total NERD ALERT!!!)  Anyway, going forward, I’ll be able to say “last year we spent blah blah blah in this category in this month, so this year we have improved and saved blah blah blah…”  Yup, exciting stuff!

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December 2015 Budget Review

2016 starts tomorrow, and even if I do spend some more money today, the transaction wouldn’t go through until next month (or next year!!) so I can do the budget review today.

This will be the last budget and review that I do this way.  I’ve decided that having all these actual cash numbers out on the internet for the world to see makes me a little nervous, so I’m going to move to a different format for the new year, which I will share with you “next year”!  (It never gets old!)  But I figure I would finish off with this final review before switching it up.

So, let’s get started… To put it simply… We did the classic holiday overspend.  We spent more on gifts that we had in the budget, bought lots of food and drink for all the celebrations, and went out with friends and family more than we had budgeted for.  Lucky for us, we have a buffer and using the YNAB software we can move things around to make it hurt a little less, and it just means that our available budget for January is smaller.  No problem… The benefits of living off last month’s income and keeping rainy day funds in a lot of categories.

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November Budget Review & December Budget Preview

November Budget Review & December Budget Preview

Another month has finished, so it is time for yet another budget review and preview post.  We are starting the last month of 2015, so this will be my last post like this for the year.  That means that I’ve met my goal of budgeting every month for the entire year! Woohoo!  🙂

Before I get started on reviewing November, I wanted to revisit October quickly… I made mention in my review of our October spending that I had business expenses that would be reimbursed and I wasn’t sure how I was going to deal with them in YNAB.  I ended up splitting the reimbursement payment in to two so that the expenses in October were covered by part of the payment, and the ones I paid for in November were covered by the other part of it.  It makes it not 100% match my bank statements, but it makes the summary numbers for the month make more sense.  I’m not going to update that post, but our spending for the month of October looks much nicer now and is under $8000, and it also makes it so our “overspending” in October went down so it now looks like we didn’t budget everything in November…

Oct&Nov Business Expenses

Okay, so now for the spending numbers for November…

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October Budget Review & November Budget Preview

Oct Nov Budget

October was a crazy month for me.  Not only was it a three pay cheque month for me, but I was pretty much away for work the entire month for work, so I worked a ton of overtime.  It definitely inflated our income for November’s budget and has helped to complete a few of my financial goals.

I was extremely proud of how low our spending was in September, and while October seems to have been a bit more expensive according to the YNAB numbers, it includes some work expenses that will be reimbursed once I submit my receipts, and we are still miles below the summer months.  I’m very happy about that… but I have to take it with a grain of salt… I was away for work almost the entire month, so I didn’t really have any opportunity to spend… and our food budget is really only for one person (my husband) for most of the month… so we’ll have to see how things work once I’m home again… whenever that is…

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September Budget Review & October Budget Preview

September Budget Review & October Budget Preview

I’ve been away for work for a while (still am actually) and haven’t really been too active on the blog… Have you missed me?  And now it’s already a few days in to October, so I better get this September spending review and October budget figured out…

September marks the six month mark of using YNAB software budget.  I’ve written about how much I love YNAB many times, but I have had a lot of fun comparing my monthly spending over the past six months with one of the reports that they have.  Take a look:

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August 2015 Budget Review & September 2015 Budget

August 2015 Budget

I can’t believe that it is already September.  I know that technically the season of summer doesn’t end until mid/late September, but I totally feel that summer has ended with the beginning of September (probably because that’s when school traditionally starts…)  It also doesn’t help that the weather changed over the last few days and brought some nasty rain and wind, and then I got sick, so spent the last few days snuggling under a blanket on my couch.

Anyway, I’m feeling a bit better now, and so it is time to do my monthly budget review and preview…

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July 2015 Budget Review & August 2015 Budget

July 2015 Budget

It’s a little later than I’ve been normally posting my budget reviews… but here it is… Oh, and that means that there are already expenses put in to the August budget… but oh well…

Before I get started, I have to share a little epiphany that I had this month while playing in my YNAB software… so maybe a bunch of you know this already… but I’ve been doing it wrong all along when I’m using the YNAB software… okay, maybe not “wrong” but I found out in the chaos of being spendy this month, that if I budget for a certain amount in a category, and I go over… it uses up everything from that category, and then just takes my “over budget” spending out of the following month’s money… so I didn’t have to do all that crazy moving stuff around that I’ve been doing… or at least not to the same extent… Anyway, I already did all the moving around this month (and there was a lot of it), but for August, I’m going to try to be realistic (I try every month) but then deal with the overages (if they occur) using that feature and see if I like it…

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