I like to think I’m good with money and saving, but I know I’m bad at budgeting, which is the #1 rule of finance: know where your money is going! So part of this blog will be to keep track of monthly expenditures. I’m hoping I will find some patterns and areas where I can improve.
June was a wild month of transitions.
Mr. FM worked in a different city for three weeks. I started a new job. I also underwent a series of unfortunate events that racked up a small amount of health expenses, doctor visits, and consequent feeling-sorry-for-myself splurges on bulbasaur planters and ice cream out.
A note on reading these expense reports: when budgeting, it’s tempting to leave out big-ticket items that only come around every so often. You might be tempted to leave off the road trip because you don’t go on a big vacation every month (or maybe you do, now I’m jealous) so it’d be easy to dismiss those things. I try to buy big ticket items all in one go, such as car insurance this month, and that will be reflected on the month’s report where I paid it instead of splitting it up.
Without further ado, here is the expense report for June!
|Rent||$930||This covers everything rent + utilities|
|Monitor||$390||This is definitely a guilty line item for me, where my justifications fall a bit flat, since I definitely could have spent more time on Craigslist shopping around. For the past three years as a software developer I have not had a monitor set-up at home, which is pretty insane. I decided to go a bit big on a nice Dell monitor that was on a big sale that will last me years for when I work from home, but enough of me trying to justify myself…|
|Car Insurance||$524||I pay a lump sum every six months, so about $87/month in car insurance. This is a problem, because my coverage only cost $408 last year. I should call but I’ve been putting it off since I’ve been planning to sell the car in the coming months anyway.|
|Groceries||$111||This item made me realize that monthly budgets might get a bit complicated since I split the bills with Mr. FM, and we don’t settle-up very often. However, I’m pretty sure I’ve covered every grocery trip this month so I halved it for myself.|
|Chase Sapphire Preferred Dues||$95||I signed up for this card last year and got over $600 in rewards. This month Mr. FM signed up for it as well so I will be getting a referral and he will also be getting the reward. Will probably cancel the card before the next due payment though, which is once per year|
|Restaurants||$54||This is an item I was trying to cut back on, so I created a meal plan and stuck to it. Even so, this totals about 7 meals. The first week of my new job I ate the costs in order to socialize with my new coworkers. And we went out for ice cream.|
|Blog||$48||I created this blog this month in an exercise to write and talk about money! I shopped around a bit but ended up chosing to go straight through WordPress for $4 a month.|
|Entertainment||$92||I went with a friend to go see Insomnium, a Finnish melodic death metal band from Finland. The ticket was $27 and I bought a $20 T-shirt (before my clothing ban started!)
Also I bought myself a planter to sit on my desk at work. It’s a bulbasaur with a succulent on top.
We went kayaking!
|Personal Care||$47||Because of pinkeye, I had to throw out all of the eye make up I use. While I was at it, some other face products that are now almost a year old were starting to smell mouldy so I tossed those too. I’m hoping to keep this line item down.|
|Fuel||$20||Haven’t been driving very much, as I’ve been biking and busing to work.|
Oof. That seems like a lot for one person. I will start looking into either selling the car or lowering the car insurance rate. I don’t have much to compare the expenses to, so I’m not sure where I’m doing well vs where I could improve, but that’s the point of the post!
Do you see anything that surprised you about these expenses? How much are your monthly expenses?