Photo by Marten Bjork via Unsplash.com
Happy February everyone! I’m happy to say that I’m still on track to be #debtfree by the end of March, though my budget will be tighter due to less income than anticipated and an added expense. Here are the numbers:
As you can see, my income is $20 less per paycheck than I anticipated after lowering my 457 contributions. This means $40 less that I can put towards debt this month, which is difficult but not enough to derail my plans. I’ve added the “rollover” category for any money I have left over from January, which is $19 this month.
I’ll be putting $1,350 into debt this month instead of the $1,382 I had planned last month, before I knew my exact takehome income. I’m fortunately still on track to be done with debt by the end of March.
My savings are remaining the same for the time being– can’t wait to beef up my Iceland fund once I’m out of debt, though!
As you can see, groceries and going out are the same amounts as last month.
I lowered my miscellaneous/pocket money fund to make up for some of the difference in my budget.
Still only paying $100/month for gas, and still not paying the tolls I used to. 🙂
Rent and utilities are remaining the same as well.
This is my newest expense: I finally got renter’s insurance! I should have had this for months, but somehow I forgot about it this whole time until my apartment complex reached out to me about it. Oops! Make sure you have renter’s insurance, people!
It will be tougher to be #debtfree by March due to these differences in my budget, but I’m not opposed to spending less in grocery/going out categories or even dipping into a savings fund if I need to, though I doubt it will come to that.
See anything you think I could spend less on? Let me know in the comments below! I’m always looking for better ways to budget.