On Friday night, Mr. Money and I sat down and went over our budget. We’ve gotten a little lax over the past few months to say the least. I totaled up our monthly spending for the month of August (since we weren’t on vacation at all that month) and it was pretty surprising. After viewing the totals on some of the categories I wanted to throw up. However, that isn’t really very productive, so we decided to be a little more strict with our budgeting and try to work a little more at staying in line. It will help us reach our goals, and enable me to stay at home with the baby.
Because I’m crazy, and I think it will help keep me accountable if I post the actual numbers of our variable expenses here, I’m going to do it. Feel free to shame me if you want; I deserve it.
Groceries, including household items= 371.76
Clothing (work shoes for Mr. Money)= 42.39
Eating Out= 369.95
I wasn’t too surprised about the grocery category, because we try to buy grass fed local beef and other meats from a farm close to our house, as well as purchasing many organic items. I knew that our grocery total was going to be more than I wanted it, but there’s little I can do unless I want to compromise the quality of food I’m eating. With me being pregnant, that’s not something I really want to do.
The eating out part of our spending? Is completely ridiculous and I can’t believe that we let ourselves spend that much on eating out. I know part of the problem was that I was still experiencing “morning sickness” and when I had a craving for something that actually sounded pretty good, we indulged. Apparently I had a lot of cravings during the month!
We’ve decided to cut back on the expenses that we can control. Of course, the fixed expenses we have we don’t really have much wiggle room, so we’ll have to leave those how they are. Here’s what we’re proposing for the new budget:
Gas= $300 (I’d like to make this lower)
Eating out= $120
Here are some of the things that I know we’ve been slacking on, causing us to spend so much money: not meal planning, not having things for lunches for me, and being lazy. I guess it all boils down to being lazy. :) I have now realized that I can’t afford to be lazy, so I’ve got to change.
Of course, I decide to do this right before Christmas! And then after Christmas, I’ll be quitting my job, and then we’ll be having the baby! It’s more necessary now than ever, so I’m going to have to suck it up and not have any excuses. Any freelancing income I get will have to be used for monthly expenses, but I’m happy with that. If it needs to be done, it needs to be done.
Have you ever realized you’ve gone way over budget and had to change it? Any advice for me?