I've decided to wrap up my No/Low Spend July today... I have a friend visiting from AZ for a few days (Saturday till Monday) and while I'm not expecting to do any "heavy duty" spending, I'd like to (hopefully) not stress about finances while she's here all the same and just enjoy our few days together!
Here's how my month went!
I had two main goals for the month of July that I wanted to reach...
- I wanted to bump our slush fund back up to $1K. It was at $465.00.
- I wanted to add $349.00 to our House savings.
And how did I do wish these goals?
Well our slush fund is currently sitting at $764.00. It *was* up over $1K, but I sent Dallas $500.00 today to help with his move to Toronto at the end of the month. He's trying to figure everything out and it's easier for him to have that in his savings so he can dole it out accordingly. So, that is why I'm short on this goal. I don't consider this a "fail" as I used it to help my oldest with his first move out of our home. Hopefully I'll be able to get it back up to my $1K goal again quickly, but I'm happy with this all the same!
As for our 20% down payment house savings, I blew that one out of the water!! I added well over $2K to that savings goal and hit our target goal months ahead of my goal date!! I am quite happy with this!
And I've also started working on a new savings goal - doubling our emergency fund. It's currently sitting at $5K, I'd like to get that up to $10K by January. I've added $335.00 to it this week! A tidy little sum to start the way!
It's been a great month overall. I've tweaked our budget to allow for the maximum in savings, and have really cut back on all shopping. The kids have earned some money and spent it on books, video games, etc... But they earned it fair & square and that's ok by me. They want money, they're welcome to earn it, and they do so willingly! They understand hard work = income.
About our budget, after having a month with 2 weeks of going (way) over-budget, i've decided to split up our weekly budget to see if I can do better with our grocery budget as well! Here's my plan for the week:
$310.00 weekly budget:
- $180.00 Groceries
- $10.00 Cat - food & litter
- $50.00 Specialty foods - Anything "special" we need to purchase food-wise. I need to save a chunk of this each week to go towards my monthly GF orders (Namaste baking mixes) and my local pork orders.
- $30.00 - Household
- $40.00 Misc - Everything else basically this has to cover.
Not sure if this budget will work our for us or not, but I'm going to give it a shot & see how I do! With just having a set amount for the week, it's far too easy to blow through most of it in one or two shopping trips then I'm stuck for the rest of the week and end up digging into our slush fund to get through the week. Sticking to this tight budget will allow our savings goals to keep going in the right direction! UP!!! I will continue to do a "main" budget post every week (Thursday or Friday) and will keep you afloat on how I'm doing with my financial goals and our budget! It's an ongoing process but it's nice to have others cheering me on and keeping me accountable
On that note I'm off for now... Enjoy your evening!
How did your July go? Did you reach your goals?