Nov/Dec 2017 Spending

Okay so I’m trying to get caught up on some details that I left out in the November and December net worth updates. Neither month went as well as I would have liked due to the condo purchase and the expenses that come with a new place.

November Spend

Category Budgeted Actual Remaining
Rent $1,050 $1,045 $5 under
Fixed Expenses $125 $122 $3 under
Food $200 $337 $137 over
Moving Exp. $600 $600 $0 over
Everything Else $250 $924 $674 over
Total  $2,225  $3,228 $803 over

In November I was $803 over budget.  I ate out a little more than usual and I made quite a few purchases for my new place. I also used Uber frequently to run errands and purchased Christmas gifts.

December Spend

Category Budgeted Actual Remaining
Mortgage $- $- $0 over
Fixed Expenses $125 $315 $190 over
Food $200 $183 $17 under
Medical $- $52 $-
Everything Else $250 $702 $352 over
Total  $575 $1,134 $559 over

In December I was $559 over budget for many of the same reasons. Thankfully my first mortgage payment wasn’t due until January 1.

I spent a week with my parents which helped cut down on food costs.

I did purchase a new phone and also applied for a new credit card to insure said phone (some credit cards come with this free benefit). In order to get the $200 bonus reward from the new credit card, I need to spend $1,000 in 3 months, so I went ahead and prepaid my internet bill and Netflix. This resulted in high spending in the “Fixed Expense” category.

Under the medical category, I bought new glasses for $52.

I’m satisfied with the amount of additional expenses that came with moving and settling into a new place. I only made one major purchase which was a leather sofa.  I did take out a 0% loan for the purchase because of the interest rate. I’m hoping leather will allow me to sit on this sofa without breaking out in hives. The sofa will arrive in February.

For 2018 I’ll need to tweak my budget to account for additional fixed expenses (an electricity bill and the furniture loan). I also need to come up with financial goals.

I’m still on vacation but hopefully I can churn out a couple more posts when I return home next week.

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