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New Budget

August 19th, 2008 at 10:22 pm

The past few months I haven't been following the budget I set out (I couldn't even tell you what it is). Thankfully, I've kept my spending in check. The only thing I bought that wasn't a necessity was my bike.

With the school year approaching (less than a week!) I decided to create a new budget that I would stick to.

$300/month into savings
$90/month for groceries
$100/month for gas
$75/month for spending money
Whatever is left over will go into my savings and IRA accounts.

I think this will be an easy budget to stick to. I will probably carry my spending money in cash instead of putting it on my credit card because I don't want to go over the $75.

I need to sit down tonight and update my finance records.... I usually keep my binder and envelopes nice and neat but lately I've just been stuffing all receipts and documents into one of the cubyholes on my desk.

Summer makes me so very lazy.

1 Responses to “New Budget”

  1. boomeyers Says:
    1219209928

    That is what summer is for! Sounds like you have a good plan and you are heading in the "envelope" direction. Put the spending money, grocery money, etc, in different envelopes and when the money is gone in one, it is gone until you replenish it the next time.

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