December Budget Recap

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Well, not so surprisingly, we went over budget in December. We hosted a party, went out a lot with friends, and just generally did things bigger in December. We’re going to rein it in this month and hopefully we can cut costs a lot in January.

We were able to contribute more to our savings, which was nice, and hopefully will set a new precedent for 2015.

Housing Budgeted Actual +/-
Rent $856 $856
Heat, Hydro, Water $40 $0 -$40
Phone/Cable/Internet $275 $256.87 -$9.13
Property Taxes, Insurance $30 $27.75 -$2.25
Living Budgeted Actual +/-
Groceries, Household Supplies $300 $433.78 +$133.78
Clothing, Dry Cleaning $15 $0 -$15
Personal Care (eg. haircuts, toiletries) $50 $24 -$26
Transportation Budgeted Actual +/-
Insurance, Licenses $185 $186.60 +$1.60
Gas, Repairs, Maintenance $350 $454.84 +$104.84
Personal Budgeted Actual +/-
Personal Spending Money $200 $339.93 +$139.93
Date Nights $80 $181.13 +101.13
Hobbies $25 $0 -$25
Club Memberships $24 $20.86 -$3.14
Gifts $200 $245.38 +$45.38
Donations (eg. charitable, political) $25 $0 -$25
Financial Commitments Budgeted Actual +/-
My Student Loan $350 $350
The Banker’s Student Loan $200 $200
My Parents $200 $200
Line of Credit $300 $390.54 +$90.54
TFSAs $300 $500 +$200
Regular Retirement Savings Contributions $100 $100
Emergency Savings Fund $150 $0 -$150
TOTAL $4,255 $4776.14 +$521.14

I’m feeling refreshed, and looking forward to a new year where we’ll be buckling down and really focusing more than ever on our finances. I have some big goals to meet this year, and I’m looking forward to sharing my journey with you.

How was your spending this holiday season?

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