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Final monthly financial summery for 2010

January 10th, 2011 at 04:53 am

As I work on 28 day cycles, my dates may be out to a calendar months so here are the figures for my last period.

It’s time to start again on reviewing my monthly daily living allowance.

These are the categories for this challenge.
Items === Approx Budget===Spent
Eating out===$35.00=====$75.85
Groceries===$135.50 ==== $118.70
Non-Food===$17.00=====$11.61
Clothes ====$35.00=====$47.74
Grooming===$15.00=====$20.00
Gas======$25.00=====$25.70
Pets====== $50.00=== ==$36.47
HH items===$42.50
Fares== ====$9.00 ======$20.00
Entrainments= $12.00
Garden =====$10.00
Gifts & Donations =$35.00=== $153.00
Medical =====$15.00=====$59.90
Misc ======$9.00
Personal Allowance =$85.00 ==$55.13
Note only one amount is no spend

Budgeted for this period $530 spent $624.10
No Spending days over the 28 days =14 days in total.

Personal allowance covers confectionery, lotto, books, stamps, craft & hobby supplies, and stationary. I got strung on buying Christmas stamps now I have enough for next few years. I also had a blow out on confectionery /candy buying some Christmas candy and box of chocolates for myself. I did donate some money for our floods as well buy some gift cards for the family. Eating out included my input into the Christmas dinner this year. As for medical this is the extra out of pockets amounts that came up this month. My credit cards are still paid in full each month.

I do keep my bill money separated from this summery. This year I will be budgeting around $630 per period month to cover all my bills. I have started to bank each month out of this amount $180 to cover my medical & hospital cover so that I will have it available at the end of the year. These funds do cover all my fixed bills for the year if I can stick to this schedule as I have done for the past ten years or so. This budget will be tight but just doable. If any changes to my spending habits will need to come out of my daily living allowance categories of my budget as my bill categories are very tight now.

Strategy: - Track your daily spending down to the cent by writing it down daily.

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