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August 2016 Budget and Debt Results

September 1, 2016


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August 2016 ResultsA few weeks ago, I decided to change my budgeting strategy and how I share my information with all of you. There were a few reasons behind why I decided to change budgeting strategies:

  • My old strategy was time intensive and took up two posts/month on my blog. I knew I could provide more valuable content in those slots instead of 2 separate budget posts.
  • I got tired of sharing my budget plan only to have the results of my spending look completely different by the end of the month.
  • As my blog grows and becomes more popular with people I know IRL, it’s harder for me to feel comfortable sharing every cent of my money plan and spending.

I’m still going to be sharing my online income reports (and expenses) and my personal spending will be reported at the end of each month. I started this blog to document my financial journey toward paying off debt and I don’t want to get away from that idea.

That said, here’s my report for August 2016 spending.

Debt Totals:

7/31/2016 – $140,818.44 all debt
$28,729.77 without mortgage

8/31/2016 – $139,985.48 all debt
$28,121.58 without mortgage

Difference – -$832.96 all debt
-$608.19 without mortgage

Savings:

7/31/2016 – $1,543.67
8/31/2016 – $1,570.20
Difference – $26.53 Increase

Budget:

CategoryMonthly Total
Saving$26.53
Mortgage$533.66
City Bill$94.49
Gas Bill$8.36
Netflix/Hulu$15.98
Internet$88.41
Phone$122.97
Fuel$40.74
Auto Insurance$148.59
Cleaning$90.00
Personal Trainer$170.00
Cash/Other Spending$1,013.89
Debt$1,061.59
Travel Savings$100.00
Trip to See BFF$85.63
TOTAL$3,600.84

A few things to remember when looking at my spending:

I got a roommate and that lowered my mortgage payment and my two utility bills are actually only half of what I was actually billed for since we split those costs. I do pay 100% of the internet bill.

My cash and other spending looks super high this month, but I don’t really have anything fun to show for it. I had to buy several things for my house, like a new $30 filter for my fridge, some furnace filters, etc. A bill came for when I had a professional spray my yard for weeds because it was becoming overrun in a few places. I had to visit the chiropractor once and I got some clothes pressed for FinCon. #adulting

How did your August turn out?

August 2016 Results

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9 responses to “August 2016 Budget and Debt Results

  1. How is working with a personal trainer? I’ve always wanted to try it – I feel like I could really achieve my goal a lot better if I was working one-on-one with someone. I’m just working out with online subscription video services now, but if and when my budget expands, I want to try classes/personal trainers.

    1. I am loving it so far. I feel like the personalized attention (vs. being in a “class” with many other members and only 1 trainer) has helped me learn more and be able to do more than I thought I could.

  2. Oh my gosh! I had an unexpected car repair bill to the tune of $1600!! August was not good to me. LOL Silver lining – I had money in my savings to cover it. Phew!

    But still…here is to a better September.

    1. Oh wow! I had one for about $180 in August and about $90 in September now too, but that’s a lot bigger!! Glad you had savings to help cover it!

  3. Similar to Beth – we’d planned on doing certain home repairs, but suddenly others popped up in their place that had to be fixed first. I was disappointed we couldn’t proceed with our original plans (what’s another 6 months of wedging the oven door closed with a vacuum cleaner pipe when we’ve already done it for years anyway?), but we had enough money sitting there to cover the sudden unexpected expenses without affecting any of our other budget items, and that was such an incredible feeling!

    1. That stinks! I hate when that happens! It’s hard to have to put that money toward something else unexpected when you really wanted to use it for your house repairs that you had planned to make.

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