These last few months haven’t been great in terms of my progress and it’s been a bit frustrating. I have no one to blame but myself for most of the lack of progress around here. (Myself and my car repairs.)
It gets me down sometimes (like now) and makes me realize that I have to put in more effort to stay in control of my finances. What usually happens is my spending slips when I’m busy, tired, stressed, or just not paying attention to my purchases.
Yesterday I returned a pair of boots that I decided I didn’t really need after all. They were on the approved shopping list of my shopping ban, but I decided I’d rather put that money back on my card instead because even though they fit me (which is hard to find) I didn’t love them.
It’s a small win, but one that made me feel good about my decision.
There is one other factor that I really struggle with when it comes to my spending. I’ve told my family about my debt and my desire to get out of debt once and for all. But sometimes I think they either forget or just don’t take me seriously. Once in a while my dad will suggest I buy things that I don’t really need and I always end up giving in. Does anyone have any suggestions of how to handle this pressure?
Here’s how I did with my September budget and my yearly goals:
- Increase emergency fund savings account to $1,500. – Fail – My emergency fund was decreased by $345 this month as I put that toward the car repairs I had to pay for. If my income keeps up at pace it has been the past few weeks though, maybe I can still get this one accomplished by the end of the year.
- Demolish $5,000 worth of debt (principal). This works out to $416.67/month. ($5,000 goal includes mortgage debt pay down.) – Fail – I had a debt increase again this month. Ouch!
This also includes paying off my 0% interest promotion for my computer by October 2015.– DONE!
Paint and prep home office by April 13. (My birthday!) MUST BE USABLE BY THIS TIME!– DONE! Attend FinCon15 and pay for everything in cash!– DONE! I came in under budget for FinCon and I have paid off my travel credit card for all the expenses already. Quit my full-time job by December 31,2015 to freelance full-time. (I may pick up some additional hours at my part-time job to help make ends meet for a while.)– Pass – I quit my PT job in June and I quit my full-time job effective July 31! Limit spending on clothing, shoes, and accessories to $500 for the whole year!– Fail – I’m not tracking this anymore. Get rid of more books throughout the year than I get. – Pass-ish? – I got rid of a ton of books in my garage sale. I have only gotten 2-3 new books this year.Even though I’d call this a pass, I’m not tracking it anymore.
8/30/2015 – $131,330.43 (including mortgage)
$16,809.03 (w/o mortgage)
9/30/2015 – $132,099.89 (including mortgage)
$17,797.67 (w/o mortgage)
Difference – +$769.46 including mortgage
+$988.64 w/o mortgage
8/30/2015 – $961.51
9/30/2015 – $616.23
Difference – $345.28 Decrease
I don’t even feel like sharing my budget. The numbers above speak for themselves.
Right now I’m feeling pretty upset with myself for this last month’s spending. I’m glad I’m analyzing it now while I still have a chance to do better for the rest of the year and the rest of this month.
Here’s to really cracking down for October.
How was your September?