Envelope spending totals.
Happy February 1. Now with January in the books, I thought I should do a recap of our envelope spending. As I mentioned in another post, we currently have six categories. So, how did we do? Here is the breakdown.
- Grocery: Budget $400. Spent $357.40, and have $40 to carry over.
- Gas: Budget $200. Spent $126.31 (Hubs filled the tank and doesn’t appreciate even numbers the way I do!) $73 left to carry over.
- Miscellaneous: Budget $100. Spent $12.82. $87 to carry over.
- Pet: Budget $75. Spent $44.27. $30 to carry over.
- Clothing: Budget $50. Zero spent. $50 to carry over.
- Hubs: Budget $500. He received $500, and I don’t track what he does/doesn’t spend. He is trying to spend less as whatever he saves can go towards his future dock and fishing boat.
The difference in what is left to carry over is the change not spent. We are saving that in a separate account with the intention to use it for our future trip to Tennessee. Hubs is also contributing to this fund, so it is a joint effort. This trip won’t happen until we complete baby step two.
I had hoped to spend less in the grocery envelope, but at least we stayed within our budget. I did purchase a few items on sale that will be used over the next few months. Ultimately this does save on future spending.
In other budget news, Hubs is relatively sure that he will be receiving a boot allowance from his company which will save on the clothing budget. August will mark his second anniversary with his company, and this benefit is something that is supposedly given every two years. If memory serves me correctly, the first time he received $150, and we ended up paying $30 something out of pocket. For the time being, I won’t make any adjustment to the clothing budget but may do so at a later time.
How did you do for January? Were you able to stay within budget? Budgeting is challenging, but it sure can make a difference in what is and what isn’t spent!