October review & November goals

November marks a bunch of deadlines for me. Today I’m reviewing my goals for the month of October and will be setting new goals for the month of November.  I posted my third quarter stats for the year this week, set some weekly goals for the past week, and November also marks my first FULL year of tracking (almost) every single penny in and out. I will be putting together a big article about that later this week so stay tuned for that!

My goals last week were:

1. No spending on clothes. Success!
2. No house spending. Success!
3. No more spending on groceries. Success!

Sometimes just writing up a piece to post on NbN helps keep me on track, so thank you all! Now for the good stuff:

October goals recap:

1. Make a $100 mortgage prepaymentDone, done and done! Total for the year $1,010. If it weren’t for the prepayments my mortgage balance would be dropping at an alarmingly slow rate so I like doing this though I am thinking of making a change.
2. $20 clothing budgetI spent zilch! Still sitting on that giftcard.
3. $150 blow money – FAIL. spent about $250 including a $50 liquor store trip. Hmm.
4. $500 on my student loan and if possible I’d like to get that puppy below $5,000 once and for all this month – Success! You can read about that here. 

November goals
1. Student loan below $4,000
2. Grocery budget of $180.00
I only have two goals, I’m contemplating skipping the mortgage prepayment in favour of focusing solely on my studentloan in the next 3-4 months until it is fully paid off. I just started toying with this idea today so I’m not sure yet. It’s been so encouraging to see the effect of the prepayment on my mortgage balance, where my regular payments barely make a dent due to a 30 year amortization period but I’m also very ready to cut loose that darn rock of a student loan. Hmmm. Thoughts?
Good luck this month everyone! Holidays are around the corner, eek!
  1. LC said:

    That’s a lot of success! Are you going to continue not spending money on clothes, etc. this month?

  2. Kellen said:

    Clothes spending… I can go for months without it, but then you go to grab some new stuff and it’s easily $200, which is still $50/month if you haven’t shopped in the last 3 months…

    Your student loan is getting excitingly close to being gone!

    • Andrea said:

      Yep! That’s what I did, spent a BUNCH this summer… now trying to reign it back in… ONE new wardrobe is enough!

  3. Good luck with your decision on the mortgage – I’d go for the student loan as it would free up cash and then you could take ALL of that and put it to the mortgage if you want and really bring the balance down.

    • Andrea said:

      Hmmm yes that is true, i’m a bit hesitant partly because im scared that by changing it up i may loose sight and not pay off the student loan a fast as I want? I guess Im a bit scared to screw it up that I’m almost clinging to my mortgage schedule a bit.

  4. Looks like a great month if you ask me. I love how many successes you had. Hope next month goes just as well.

    • Andrea said:

      me too me too, thank you!

    • Andrea said:

      Don’t forget I do still have an eating out budget on top of that, not huge I only eat out a few times a month but it still counts. I use armiles a lot, shop the sales, stock up… Grew up with a thrifty mom, i guess I got pretty good at keeping the foodbudget low that way.

  5. Kmoney said:

    I like that the only FAIL listed was partially due to a liquor store trip! Hilarious. Great work by the way!

    • Andrea said:

      lol, thanks :p

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