I recently told you that I’m changing the way I budget with my cash.
Prior to now, I’ve used mostly cash for my spending categories: groceries, pets, entertainment, etc. and I’ve broken them all down into individual numbers in my budget plan and my budget results posts. But as my time got more limited, because my online business is growing, I began to dread having to crunch all those numbers individually to put my budget results posts together.
The new idea behind my budgeting plan is that I’m still going to be using primarily cash for my spending. In fact, I’m putting my debit card away and I’m not going to carry it unless I know I need to hit up the gas station (basically that’s just for ease because cash at the gas station is a pain in the a$$).
Additionally, I’m trying to adopt a more minimalistic approach to my budget. It will be cleaner, neater, easier to read, easier to reconcile, and hopefully I’ll spend less money.
Have you ever seen the budget posts at Frugalwoods? I love their mentality that instead of budgeting and giving themselves spending threshold for each category, they just try to spend as little as possible. With my shopaholic ways, I don’t know that their method would work for me right now, but I’d like to move that way in the future. I think these budget changes are a step in that direction.
With that said, here is my budget plan for July 2015:
|Side Income Required||$500.00|
A few short notes about changes:
I cut cable from my budget recently, so that category went down about $46/month. Yahoo!!
This month I have to get another set of contacts so I can see things more than 2 feet in front of me. This box will last me 3 months. Unfortunately, the price went up by $6 from earlier this year. 🙁
I think that’s it for changes this month.
How does your July budget plan look? What do you think of my simplified budget plan?