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Home > May Spending :( June Goals

May Spending :( June Goals

May 31st, 2015 at 02:34 pm

So ... I spent about an hour entering all the transactions for May into YNAB. I hadn't entered anything since the 12th ... Let's just say it wasn't pretty at all.

The good: $207 in extra income (FB sales, SBs, Pact, Perk, etc.)
Sent 10% of net to EF + $37 ...

The bad: Only had $37 left after an extra $207 in income. Which means I came dangerously close to having to dip into my 10% deposit ... for no real reason.

The ugly: Spent roughly $360 on food/fast food/treats
The most I think I can ever remember spending in one month in those categories ...

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So ... June goals.

The past few months I have been doing an experiment where I did not set out any particular amounts in my flexible spending categories for my budget. For a few months this seemed to work okay ... May though has totally busted this idea. So for June I have decided to modify this approach - I have given myself budgeted amounts in certain categories (Groceries, Treats, Restaurants) and then left the rest unbudgeted (since it isn't the other categories tripping me up.)

My plan/goal for June and perhaps July is thus: 50% of the unbudgeted money will go towards my normal goal of the EF extra deposit (above the 10%.) The other 50% will be used in July (maybe August) to go somewhere for a few days - i.e. get out of town.

As I mentioned in my last post, I have been feeling the travel bug. Feeling kind of restless, listless ... bored in a way. So my idea is that the less money I spend in June (and possibly July), the nicer my little out of town excursion will be.

I could say NO FAST FOOD in June - but I'm hoping that knowing that every time I get Fast Food or get some junky item that it is reducing the quality/length of my getaway, will work better for motivation.

We'll see. (Snafu - the cash thing might work, except I have a bunch of cash on hand right now thanks to the FB sales this month. Getting to the bank to deposit it is a major hassle. So if I did cash only for fast food, etc., I'd have a lot of leeway for it.)

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I'm hoping to get a training shift for my part time job this coming week, so that money could definitely help the "extra" category - and help me also maybe to not be quite so bored ...restless.. listless. Hopefully.

9 Responses to “May Spending :( June Goals”

  1. scottish girl Says:
    1433087138

    What is your EF at now? Good idea putting the money towards your trip. at least you were still able to send 10% net towards your EF Smile

  2. FrugalTexan75 Says:
    1433087813

    My new EF balance is 8210.91 - so 3,789.09 away from the $12k goal.

    I'm hoping that having a getaway trip to look forward to in the near future will help me to curb some of the ridiculous spending I've been doing this month. I made 18 trips to a grocery store / Family Dollar this month ... Ridiculous.

  3. scottish girl Says:
    1433093655

    Nice! Maybe i should count the number of trips for this pay period?

  4. FrugalTexan75 Says:
    1433093765

    That's a good idea. Smile I'm hoping to keep my grocery store trips for June to a total of 6 or less. I don't want to even go into Family Dollar ...

  5. Buendia Says:
    1433094374

    That is a good idea - I seem to spend a lot less on food if I only shop once a week for food. I'm going to try a pantry challenge, too.

  6. rob62521 Says:
    1433097120

    Ouch on the food expenditures...hopefully June will be better.

    I'm with Buendia -- we shop once a week -- two stores, but make a list. It keeps us from picking up this and that in between and saves us money.

  7. FrugalTexan75 Says:
    1433097436

    Yep, I usually don't go to the grocery more than 2x in a week .. but for some reason I went A LOT more than that this past month.

    Buendia - the sad thing is that even with all I spent on food, my pantry isn't that full as of now. A lot of what I bought were convenience/frozen dinner type stuff. Maybe with being sick/tired with the allergies/cough I just did not feel like doing much food prep at all .. so kept going for the convenience stuff. I do really think that was part of it.

  8. VS_ozgirl Says:
    1433141576

    To sightsee would be a good idea as you haven't really explored the area you moved to, have you? Maybe focusing on your next trip will give you a reason to curb the junk food- after all, you can do that while you're away Smile

  9. snafu Says:
    1433174589

    $ 360. suggests spending about $ 90. weekly, $12. each and every day. Would you consider setting restrictions on junk/fast food like alternate days or every 3rd day and funding via cash [$ 45./ $ 30.] Once the sum is gone, spending in that category stops until the following week when you replenish dollars.

    ...merely a suggestion

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