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October 2014 Results

November 3, 2014


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8082369720_1c066fcf10_zOctober, what a month! Rather than getting CC#4 close to paid off, I ended up having to use it to pay for some necessary software for my new computer. This put the balance almost back up to when I started off the year πŸ™ I’m still hoping to get it paid off this year, but we’ll see what happens. My entire snowball is no longer going toward it either because I diverted part of it to go toward CC#8 to make sure the 0% interest promotion for my new computer gets paid off in time.

November looks to be a good month. I have a fun girls weekend planned for this weekend, and other than that and Thanksgiving, it should be a fairly routine month. Plus, I’m going to try to pay “extra” toward my debt or EF each week. I think this will help me curb my spending habits and make additional progress on my debts with the income from my PT job and side hustles.

Here are my October 2014 results:

2014 Goals:

  1. Increase EF savings account to $1,000 – FAIL– I didn’t get it back up to $700 this past month. Hopefully I can increase it some more this month. I’m still hoping that by some miracle I can get it up to $1k by the end of the year.
  2. Demolish $7,500 worth of debt – FAIL – My debt total did decrease, but I don’t think there’s any possible way I’m going to make this goal.
  3. Clear out clutter. – PASSish – I haven’t really been decluttering like I was earlier in the year. But I did make some progress this past Saturday!
  4. Continue going to CrossfitΒ 3x/week – PASS – I made it 3x/week and sometimes 4x/week!
  5. More books, shoes and clothes out of my horde than new ones coming in. – PASSish – Still a net reduction of 13 books for the year.
  6. Find areas to scale back involvement so I have more free time at home – FAIL – If anything, I have less free time at home, but on the plus side some of my side hustles are now done from the comfort of my couch with my PJs (or yoga pants) on!
  7. Spend more time with family, friends and my pets! – PASS – Don’t ask me how I’m passing this goal (ok, it’s lack of sleep, but some very good times hanging out with friends on the weekends!)

Debt Totals:

9/30/2014 – $134,364.65 (including mortgage)
$17,481.83 (w/o mortgage)

10/31/2014 – $134,148.11 (including mortgage)
$17,477.07 (w/o mortgage)

Difference – -$216.54 including mortgage
-$4.76 w/o mortgage

Savings:

9/30/2014 – $322.35
10/31/2014 – $428.70
Difference – $106.35 Increase

Budget:

CategoryOctober (w/leftovers)SpentRemaining
TOTAL$2,565.71$2,390.85$174.86
Charity$30.00$30.00-
EF$20.00$20.00+-
Morgage$852.28$857.28-$5.00
House Repairs$15.00-$15.00
City Bill$110.00$111.04-$1.04
Gas$15.56$15.56-
Cable$78.19$78.19-
Internet$51.87$51.87-
Phone$102.76$102.76-
Food$120.00$119.89$0.11
Medical$20.00$20.00-
Car Fuel$100.00$100.00-
Car Repairs$15.00-$15.00
Car Insurance$96.26$96.26-
Clothes and Hair$39.12$14.09$25.03
Pets$52.80$52.20$0.60
Household$41.80$13.64$28.16
Personal$50.00$50.00-
Crossfit$80.00$80.00-
Cleaning$162.00-$162.00
Debt$513.07$578.07-$65.00

How did October treat you?

Photo courtesy of: Denis Collette

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18 responses to “October 2014 Results

  1. I’m so impressed with your 3/4x per week Crossfitting (is that a word?). Nicely done! Good idea to pay extra towards your debt every week–good luck! October was pretty cheap for us, which is good since I anticipate November will be fairly expensive as we’re hosting Thanksgiving.

    1. I don’t know if Crossfitting is a word, but that’s what I call it too! πŸ™‚ I’m hosting Thanksgiving too, but usually we split costs between my mom, me, and any other guests (my grandma, aunts/uncles, etc). So it shouldn’t be too much of a cost burden.

  2. Your Crossfit is a great price. You’re getting your money’s worth by going so frequently as well. Crossfit is $125+ in my town! I just can’t stomach it.

    1. Ours is $100/month for unlimited # of visits each month, but only $80 for a “12 pack”. It’s way more expensive than the other gyms in my town, but it’s worth it to me because I actually go!

  3. I haven’t finalized the numbers yet (busy weekend), but our spending was up in October. This is undoubtedly because we had my daughter’s birthday and her party, plus I bought a couple of items of much-needed clothing/shoes. November should be “normal” for us, since we get to just show up for Thanksgiving. πŸ™‚

    1. Glad November won’t be a budget buster for you. We all need clothes and shoes from time to time and I don’t blame you for still spending $$ to celebrate your daughter’s birthday. Sounds reasonable to me πŸ™‚

  4. I think you’re smart to start making weekly payments to your debt or EF weekly. It will help curb those “extras” and help you rebuild and/or pay down your debt more quickly. It’s human nature for people to spend whatever amount of money they have available, so moving the extra weekly will help make sure it’s goes to a good cause. πŸ™‚

    1. That’s exactly what I want to do. I usually end up spending the surplus from my projections on eating out or shopping πŸ™ Hopefully this will help!

    1. I LOVE crossfit! It really appeals to my competitive nature and gets me to commit to working out each week on a regular basis. You should def try it if you have the funds. πŸ™‚

  5. Our spending was slightly up but that is because we have just financed a car. Had to also pay off the other car loan and what a relief that was. It was def. worth it in my opinion even if it left me a little lighter in the cash department.

    1. I understand. Sometimes you have to do that… I’m considering taking my brother on as a renter. If I do I will either use his rent money to pay down debt quicker, or I may use a portion of it to go toward a car payment (if I decide to trade my car in).

  6. October was “okay” for us. I would have liked to see more money going into our checking account, but sometimes there’s just too much in the form of one-off expenses like auto repairs or home improvement costs, which was the case in October.

    1. Ugh! Hate when all those one-time expenses pile up all at once. That’s the worst! Hopefully November will be better for you! πŸ™‚

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