One of the BIG ways this blog has contributed to my life has been accountability. I don’t promote my blog to friends and family so as far as I’m aware none of them read this blog. I also don’t do much money-talking in real life with the exception of a few friends and family members. Money is still very much a taboo subject and it’s hard not to step on toes.
Speaking of toes… stepping on them is something I really suck at, when talking about something I am passionate about I get foot-in-mouth and a host of other speaking-related ailments that make the words come out bluntly and rudely so I prefer listening to talking, heh, I guess we can’t all be fabulous public speakers. Anyway, back to the point: Accountability. At the end of every month I publish a post where I hash out my financial details of the past month and make plans for the coming month. While the posts don’t get a lot of comments, I do get hits on the blog… you guys read this which encourages me to be honest & real, in addition, the rest of the PF community out there gives me hope and allows me to see the light at the end of the tunnel. All of you are contributing to me being able to make better choices with my money, thanks for that!
The March-plan was
– $200 blow money
– $50 to E-fund
– $850+ Student Loan
– $200 grocery budget
With the exception of the grocery budget, which I butchered again… (that’s becoming a habit) I killed it!
Breakdown by goal
– $200 blow money After a few months of blowing my $100 blow money budget, I upped it to $200 for March and I only managed to spend about $85. Reverse psychology?
– $50 to E-fund I did contribute to my E-fund but then withdrew $100 to throw on the student loan instead (more on that in a future post)
– $850+ Student Loan Thanks to a nice tax refund of $1,059 I put about $2,641.27 on the loan, sweet!
– $200 grocery budget Actual $272.63, a tad over, hmm.
I’m not sure what April will bring, I’m still on the hunt for a car part and I’ve also got some ‘fun spending’ planned so I’m going to play it conservative with my planning (as usual)
– $200 blow money
– $850+ Student Loan
– $200 grocery budget (again)
– put any extra cash onto the student loan
I feel optimistic about the coming month, I know that May-August will probably be different, I’ve been working for 14 months straight (no more than 3 days off in a row) so I’m very much looking forward to having some fun and taking a week off here and there so I’m 100% focused on decreasing my student loan as much as humanly possible ASAP. I’m planning to sell some books and misc. stuff and to ask for a small bonus @ work (keep your fingers crossed!) I ordered a bunch of Air miles grocery cards so the money I save there will be stuffed onto the student loan. I also will be collecting a portion of a small private loan next week and I intend to put my GST refund straight on the student loan.
I’m guessing that in the next few weeks I’m going to be bucking the gates and may ‘take a break’ for a week or so, maybe even spend some ‘fun money’. In March I spent about $180 on new clothing, I checked out all of my summer & winter stuff, donated two big bag fulls and came home with 2 new shirts, a reversible hoodie, a summer dress, a skirt, underwear, an awesome new bathing suit, yoga shorts and yoga capris. Not a bad price for all that!
I’m also going to check out a sale on bicycles today, I’ve been wanting to buy a bike since last summer so it definitely won’t be an impulse buy… but I’m still on the fence on whether I really need it? I could put the few hundred dollars I will probably spend on my student loan… and be debt-free a few weeks sooner. Or I can invest in a simple decent bike and get not only exercise but also fun out of it. Hard choice. This is the bike I’m thinking of.
Are you guys getting that same spring-fever I’ve been getting?