I feel like 2016 is just flying by and here we are at the beginning of August already.
July felt like a very expensive month. I didn’t add it up as I went throughout the month, probably because I didn’t want to see how bad it really was. But now it’s time to look at all of the final numbers.
Part of the increase in spending the last couple of months is that I have finally run out of a lot of household goods that I stocked up on with coupons a few years ago. (Yes, years ago.)
I’ve had to start buying things like toilet paper, paper towels, dish soap, and more.
I still have a stash of a few items, but once those things are gone too, I’ll have to be buying even more household items on a regular basis. My household spending is usually around $50-60/month now. Back at the beginning of my budgeting, I only spent about $20/month. I think I’ll have to increase it another $10 or so each month once I run out of even more things I used to have a stock of.
Have you ever stocked up on things? How did you handle the fluctuations in spending?
Here’s how my July turned out.
6/30/2016 – $141,094.24 all debt
$28,781.41 without mortgage
7/31/2016 – $140,818.44 all debt
$28,729.77 without mortgage
Difference – -$275.80 all debt
-$51.64 without mortgage
6/30/2016 – $1,519.75
7/31/2016 – $1,543.67
Difference – $23.92 Increase
|Dentist and Contacts||$297.00||$305.00||-$8.00|
|4th of July||$30.00||$25.56||$4.44|
Although I came out under budget (for once), it’s not really a good thing. The area where I had the most budget savings was in debt repayment because I didn’t pay as much toward debt as I had planned.
I put my usual amount into savings ($20) and then my bank rolls over my spare change into my savings account each time I make a purchase with my debit card. So if I spend $25.50, it will round that up and put the other $0.50 into my savings. This usually adds up to another $5-10/month that goes into my savings account.
This month I didn’t make much progress on debt. I did buy something for my parents that they took off the bill of what I owe them. But the purchase went on my credit card, so the total debt stayed the same. I plan to pay that off this month instead of paying them a monthly payment.
I also bought a few household things on Amazon on my credit card that I plan to pay for this month too, but they were reflected in my balances at the end of July, so I counted them in the debt numbers above.
Hopefully I’ll be back to making some good progress with my debt in August.
How did your July turn out?