February Budget Recap

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Well, another month is gone. How do they fly so fast?

This month wasn’t so bad, we came in under budget! We only had to pay 25cents for hydro because of a credit we had (woohoo!), and we’re trying to use as little data on our phones which we saw result in a minus for that area (not much, but it means something). Our biggest savings was in gas – I love that it’s been (relatively) cheap lately! So nice!

HOUSING Budgeted Actual +/-
Rent $856.00 $856.00
Heat/Hydro $40.00 $0.25 -$39.75
Phone/Cable/Internet $275.00 $264.15 -$10.85
Insurance $27.75 $27.75
TOTAL $1,198.75 $1,148.15 -$50.60
   
LIVING  
Groceries/Household Supplies $300.00 $440.04 +$140.04
Dry Cleaning $15.00 $0.00 -$15.00
Personal Care $100.00 $45.71 -$54.29
TOTAL $415.00 $485.75 +$70.75
       
TRANSPORTATION  
Insurance $186.60 $186.60
Gas/Repairs/Maintenance $350.00 $144.43 -$205.57
TOTAL $536.60 $331.03 -$205.57
   
PERSONAL  
Personal Spending $200.00 $279.05 +$79.05
Date Nights $80.00 $95.28 +$15.28
Hobbies $25.00 $0 -$25.00
Club Memberships $20.86 $20.86
Gifts $50.00 $24.76 -$25.24
Donations $25.00 $27.00 +$2.00
Wedding $50.00 $33.89 -$16.11
Miscellaneous $143.79 $46.36 -$97.43
TOTAL $594.65 $527.10 -$67.45
   
FINANCIAL COMMITMENTS  
Student Loans $505.00 $505.00
My Parents $200.00 $200.00
Line of Credit $200.00 $200
TFSAs $500.00 $500
Emergency Savings $100.00 $100.00
TOTAL $1,505.00 $1,505.00
   
GRAND TOTAL $4,250.00 $3,994.03 -$255.97

Not too bad, I’d say. How was your February?

February Budget

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I know February is more than half over, but I haven’t posted our budget yet. I’m not sure how well we’ll do. It’s been a weird month, lots of little things that seem to be adding up; prescriptions, household items, gifts. We hope that we can cut costs in some other areas, but this might not be the best month for us. But, for now, here’s the budget for February:

Housing
Rent $856.00
Heat/Hydro $40.00
Phone/Cable/Internet $275.00
Insurance $27.75
TOTAL $1,198.75
   
Living  
Groceries/Household Supplies $300.00
Dry Cleaning $15.00
Personal Care $100.00
TOTAL $415.00
   
TRANSPORTATION  
Insurance $186.60
Gas/Repairs/Maintenance $350.00
TOTAL $536.60
   
PERSONAL  
Personal Spending $200.00
Date Nights $80.00
Hobbies $25.00
Club Memberships $20.86
Gifts $50.00
Donations $25.00
Wedding $50.00
Miscellaneous $143.79
TOTAL $594.65
   
FINANCIAL COMMITMENTS  
Student Loans $505.00
My Parents $200.00
Line of Credit $200.00
TFSAs $500.00
Emergency Savings $100.00
TOTAL $1,505.00
   
GRAND TOTAL $4,250.00

We’re hoping that our TFSA could have a larger contribution, and maybe our Emergency Savings Fund as well, but I’m making no promises!

How is February looking for you?