Annual Summary Daily Living Allowance parts of my budget for 2012

Here are my final totals for last year.

Eating out- $455---------- $441.95---------under target by $13.05
Groceries -$1655-----------$1368.82--------under target by $256.18
Non-Food -$195------------ $200.41---------over target by $5.41
Clothes -$400---------------$250.28.--------under target by $149.20
Grooming -$260-------------$339.05--------over target by $79.05
Gas -$200------------------- $122.71------- -under target by $77.29
Pets -$200--(5 months)-----$274.52--------over target by $74.52
HH items -$520-------------- $468.29--------under target by $51.71
Fares -$380-------------------$360.75 ------- under target by $19.25
Entrainment -$520-----------$658.58-------- over target by $138.58
Garden-$100------------------$7.00-----------under target by $93.00
Gift & Donations -$455-------$584.73---------over target by $219.95
Medical & Diabetic-$910------$1045.22 -------over target by $135.22
Misc. -$75--------------------$29.00----------under target by $46.00
Personal Allowance-$1170----$1004.28--------under target by $165.72

Daily Living Allowance allotted amount for 2012 was $7495 and I spent total $7155.59 under target by $339.41

Even with being over in six categories, I still manage to come under my budget allotment for 2012.
I did buy new Camera and had interstate holiday that has been included in the above totals.

This does give me the idea that I am subconsciously set myself amount to spend then holding back on some things if I think that I have to cut on my spending because I spend a lot one area that was needed like the medical.

One thing this summery proves that averaging out over whole year is better than worry if you go over month as you can try to cut on other months.

Ok this Daily Living Allowance is the area that I will be working on to stretch and find any extra money I can. I also am looking at cutting back other on bills where I can. We will have a very large hike in household insurances this coming year as I haven’t received the bill, I don’t know how much it will be as yet!

I know that my medical out of pocket costs will much higher for 2013 so some this need to be add to bills section as I already am over by $1000 and the first month isn’t over yet! I will set aside $3500 for this one next year. This is for just out of pocket costs.

I know that my medical out of pocket costs will much higher for 2013 so I need to up my bill budget by known cost. Dentist, 2 specialists with op so will add these bills there. So I will just track medicine and vitamins, glasses and diabetic section in this section of Daily Living Allowance. Allowing around $1250 for these items in next year tallies.

No Spending Days 154 of 365 days

Strategy - Review your bills every six months that you are still saving money with your changes that you made since renewed or changed bill companies. Change your habits if you can’t change the company.