January Recap

The January budget held up good. Before I did a budget I thought about what did I want to spend on a few categories like food and household stuff. We decided $500 for each for the month. I took out $500 cash for each and put them in their own envelopes and guess what? We spent only $350 on the food category and $325 on the household category. That blew my mind. But what really got me was looking back in Quicken to see what we averaged per month last year. We spent and average of over $700 per month on food last year. And over $1000 a month on household stuff (this category includes things like dog food and meds, the new rug in our front room, tools and fixing the lawnmower). It could just be a fluke. February might not be as good. In fact I know it wont be as good. I just bought some vitamins that I only buy every few months and I will be making a run to Whole Foods to buy my special gluten free bread. This might be a $500 month. We are well stocked though and feel like if we really want to stick to a $500 limit it shouldn't be a problem. It might mean a few creative meals though!

We were also talking about what to do with the "extra" money left over at the end of the month. The two options we came up with were to roll it over to the next month or put all the extra into an extra spending fund. (I think the TV is on the way out - You can't really read anything printed in small writing anymore and it takes about 15 seconds to "come on" when you turn it on. I'm thinking we will need a new one in about a year) If we roll it over then we really aren't keeping to spending the same every month. I dont want to get used to splurging just because there is extra. So we are going to go with hording the extra to spend on something that we need/want that is not in the budget and to have a plan for the extra. No spur of the moment buys. So all in all I think January was productive financially.

I also got all our retirement/college accounts organized and on Quicken. I had lost passwords and account numbers changed and I just had not bothered to get it all together. Now its all straightened out. Turns out I had made many deposits that had been sitting there in cash for the past year. I hadn't bought any mutual funds with them yet. So now I am slowly buying funds so the money isnt just sitting there. I will also be opening a high(er) interest savings account with an online bank so my savings will make more than the 0.71% it makes now. Duh!! I will give more details about that when I get it done this weekend.

Now to exercise. Well lets just say I'm doing a lot better than I was before which was nearly nothing, but I know I could do better. It really is hard to make time when you are falling asleep before 9pm. I don't like to choose between exercise and reading with Logan. I should be able to do both but sometimes is doesn't work out.