Week 8 Budget Assessment
By Matt - Friday, July 25th, 2008
I know this assessment is a bit late but last week’s budget was pretty tight in that I was hoping to stay within a $250 budget and unfortunately I missed it. But the good thing is I only missed it by a whole $8.42 which isn’t all that bad. Here’s the breakdown for the week:
| Weekly Budget July 14-20 |
||
| Budget | Actual | |
| Alcohol | $25.00 | $27.65 |
| Food-Lunch | $20.00 | $30.64 |
| Food | $80.00 | $98.53 |
| Gas | $20.00 | $30.01 |
| Entertainment | $0.00 | $0.00 |
| Smokes | $30.00 | $28.63 |
| Misc | $50.00 | $42.96 |
| Transportation | $$25.00 | $15.00 |
| Total | $250.00 | $258.42 |
I went over in a few categories but nothing drastic which is a great sign. This is two weeks in a row that I have managed to stay essentially on budget. I spent a bit more than expected on food and gas and I am still struggling with the lunch demon though. I think that if I can tackle the eating out for lunch demon I can reduce my weekly budget by about $20-30.
The next item that I will want to tackle is the smoking which would also be a reduction of about $30 per week. Between those two items if I managed to cut them down I could possibly bring my weekly spending to around $200 per week which would be amazing. Quitting smoking is something I am hoping to tackle in August but it’s definitely on my list. I think this is positive momentum in the right direction.
This entry is filed under Budgeting and Planning.
3 Responses to “Week 8 Budget Assessment”
1 Sallie's Niece says:
July 25th, 2008
at 1:17 pm
I need to quit smoking too, it’s costing me SO much money. I’m going to keep reading to see if you can do it as it will motivate me!
2 Money Funk says:
July 28th, 2008
at 12:50 pm
Smoking is terrible for you anyway! Good thing for you to quit. Think of all the money you’ll save.
If you don’t quit, you could always motivate yourself by matching your savings to what you spend in cigarettes. That might make you quit sooner! Good luck with that one!
3 Paul_Z says:
July 31st, 2008
at 12:11 pm
Absolutely right, you gotta quit. It is not easy that’s for sure. Check out my post on smoking, it has some nasty video that might help you quit.
-p
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