January Budget Recap

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Wow! Where I have been for the past 3 weeks. Busy with work, getting our apartment more organized, cleaning out my closet. Nothing that important, but I’m back!

Here’s how we did for January (not too bad, but not the best either)

 

Housing

BUDGETED ACTUAL +/-
Rent $856.00 $856.00
Heat/Hydro $40.00 $0.00 -$40
Phone/Cable/Internet $275.00 $272.96 -$2.04
Insurance $27.75 $27.75
TOTAL $1,198.75 $1,156.71 -$42.04
       
Living      
Groceries/Household Supplies $300.00 $399.64 +$99.64
Dry Cleaning $15.00 $16.10 +$1.10
Personal Care $110.00 $160.56 +$50.56
TOTAL $425.00 $576.30 +$151.30
       
TRANSPORTATION      
Insurance $186.60 $186.60
Gas/Repairs/Maintenance $350.00 $314.69 -$35.31
TOTAL $536.60 $501.29 -$35.31
       
PERSONAL      
Personal Spending $200.00 $228.66 +$28.66
Date Nights $80.00 $91.96 +$11.96
Hobbies $25.00 $23.05 -$1.95
Club Memberships $20.86 $20.86
Gifts $100.00 $43.89 -$56.11
Donations $25.00 $60.00 +$35.00
Miscellaneous $203.79 $94.06 -$109.73
Wedding $0.00 $42.73 +$42.73
TOTAL $654.65 $605.21 -$49.44
       
FINANCIAL COMMITMENTS  
Student Loans $505.00 $505.00
My Parents $350.00 $350.00
Line of Credit $200.00 $200.00
TFSAs $500.00 $500.00
Emergency Savings $100.00 $100.00
TOTAL $1,655.00 $1,655.00
GRAND TOTAL $4,470.00 $4,494.51 +$24.51

We were able to save in a few areas, and did buy some wedding stuff that we didn’t budget for. I think we stayed within a decent amount of our budget.

However, there are a number of areas we really need to work on! Our grocery bills were out of hand again this month (we’re trying to shop the flyers more, and we have a good stock in our cupboards now which is nice, but I’d like to spend a little less). We also spent too much going out together. There were a few times we went out with friends and spent more than necessary. Oh well, we’ll just try harder this month! 🙂

How was your January? Any special plans for Valentine’s Day? We’re going to have a nice night in and spend some quality time together!

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2 thoughts on “January Budget Recap

    • We live in a smallish Southern Ontario city, and our rent is actually fairly low compared to other apartments we’ve seen of the same size. No car payments for either of us, and we’ve actually already started snowballing out debt and are doing quite well I think. 🙂

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