Wednesday, April 13, 2011

April bi-weekly update

Tomorrow is payday :) So, here's the numbers for April so far:

As you can see (click on pic to make it bigger and easier to read) I over spent my first bi-weekly budget by $130.18, I had some money come in this month ($48.30 GST and $50 Angus Reid survey cheque) so I went over my actual money by $31.88. This happened because I put the Blue Jays tickets on my credit card and didn't pay it back from my account and the cash that people gave me for said tickets (oops!)

So, my plan is really buckle down for the rest of the month as I would REALLY like to try and stay on this budget even to just to prove to myself that I can! So, the second chart shows the monthly numbers and how much is left $192.32 so even though I will have more money left over after my fixed expenses from my paycheque, this is the amount that I want to "give" myself to work with for the rest of the month.

I'm going to try and accomplish this by doing the following: No clothes, No PC items (except a haircut, but I'm going back to my cheap place, even though is farther away), No books/movies/magazines, No breakfasts/lunches/snacks out (during the week)! Considering how much I've spent so far this month, I can't see how I should come up with excuses to spend more than $192.32 but this is about challenging myself, and I've never been really good at following through :( I'm hoping that I've changed enough since becoming more conscious of my money that I will be able to accomplish this goal.

What will I do with the "extra" money? Basically since I will have $130.18 that would have went to my variable spending ($322.50 - $192.32) I want to make this a "snowflake" towards my debt. Which debt it will be going to is up in the air right now. I haven't actually gotten my credit card from Scotia (my Mom gave me the $3K but its on hold in my account) so my Citi loan is still sitting there, but once I do get the Visa I will need to start making payments on it, and of course, there is still the MasterCard looming over me. Probably the MasterCard will get the snowflake since it will have the highest interest rate once the Citi is paid off - at a whopping 11.4%! :)

OK, this post is now officially long enough ;) Tomorrow I will post what is happening with this next paycheque :)

TTFN, Morgaine

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