For the month of November, I wanted to see how things would go if I didn’t follow a strict budget. I’m now realizing that I probably should have waited until December because I did quite a bit of shopping. My net worth did increase though. The markets performed decently and, as usual, I contributed a sizable amount to my retirement accounts.
|Liquid Assets||Start||End||$ Change|
|Cash & Checking||$1,546||$1,528||($18)|
|Illiquid Assets||Start||End||$ Change|
My liquid assets decreased quite a bit due to my purchases. I also have ~$500 in credit card debt that is carrying over into December. It’s been a while since I’ve had to carry over credit card debt into the next month and I’m not proud about that. Using reverse engineering I can back out my spending and compare it to a typical month:
|(1) Bills & Utilities||$175||$146||$10 under|
|(2) Food||$300||$319||$90 under|
|(4) Everything Else||$300||$1,170||$708 over|
|Total (1+2+4)||$775||$1,635||$860 over|
I went way over my “Everything Else” budget. This is where my miscellaneous spending went:
- New TV – $635
- Christmas Gifts – $125 (With ~$175 left to go)
- Home Decor – $100
- Snow boots – $45
Thankfully the overages were anticipated. I didn’t actually stray too far from my budget, I knew these expenses were coming and so I did establish sinking funds for them (note how my “Savings Goals” category decreased in my net worth). But it was hard for me to gauge whether or not I was going overboard since I made so many extra purchases. It sure felt like I was going overboard, but turns out I did not.
Last month I mentioned November was a 3 paycheck month. Turns out that the third check hasn’t actually processed it will be reflected in my December post. That’s why I have so much credit carrying over into December. I’m not going to be doing too much with the third paycheck due to impending medical bills and a loan payment to my parents. After December I’m going to tweak my budget a bit to try and save more in 2019. Until next time!