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Final Monthly Financial Summery for 2012

December 31st, 2012 at 01:05 am

I's time that I posted, this Financial Summery for the year.

I have updated my Excel so here are the figures for past month.

This for period of 28 days each as I looks like I missed one somewhere. As I work on 28 day cycles, my dates may be out to calendar months so here are the figures that will bring it up to date as its every near the end of next 28 day cycle.

Reviewing my monthly daily living allowance
These are the categories for this challenge.

Items === Approx. Budget===Spent
Eating out===$35=====$86
Groceries===$125=== =$147.05
Clothes ====$35
HH items===$40
Fares== ====$15 ====$10
Entrainments== $15
Garden =====$15
Gifts & Donations ==$35===$62.10
Medical & Diabetes Expenses ===$70====$66.49
Misc ======$10
Personal Allowance =$90 ===$43.20

Note only one amount is a No Spend

Budgeted for this period $550 spent $ 471.16 under by $78.84

No Spending Days 14 of 28 days

Personal allowance covers confectionery, lotto, books, stamps, craft & hobby supplies.

Eating out including meals out with family and friends, we all go Dutch.

As for Medical & Diabetes Expenses - this is the extra out of pockets amounts that came up over this period just on medicine that is not covered be refund claims.

My credit cards are still paid in full each month, it was $710

I do keep my bill money separated from this summery. This year I will be budgeting around $650 per period month to cover all my bills and bills for this period it came to $637

My grocery bill came in over budget for this period.
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. I was very tight in some areas of this daily living allowance over this period but I did work out in the end.

Still need to work on a Grocery category and personal allowance as I got to stop spending money on books, I think this is my biggest downfall most of my personal spending is spent on books.

Strategy - Do remember what you have stored before you go and buy more of the same.
Strategy: - Track your daily spending down to the cent by writing it down daily.

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