What I’m most excited about in this month’s budget is the fact that our grocery bill is the lowest it’s been since we started tracking our spending in 2016. We budget 20.48% of our monthly income to groceries (which amounts to $935). This is still more than we’d like to spend a month on groceries (for 2 adults and 1 toddler), but we are also realistic about our spending. I don’t want to set the budget at a number that we’re going to consistently go over each month and have to figure out where to pull the extra money from. I’d rather set it at a number we can consistently achieve (based on our average from the past year of ~$900) and then slowly get it down.Read More
If you want some background information about our budget, see my first budget post from December 2018.
I initially thought I was going to do some major revamping of the budget given our focus on paying down our student loans. However, when I took a look at the budget, I was happy with how things were set up. The only change is that instead of throwing extra money to savings, most of it (except for yearly bills and our small travel fund) will go to student loans. Also, the first time I posted our budget I rounded all of the %s and it drove me up the wall, so I’m introducing decimals this time around.Read More
Now that you’re humming For the Love of Money, I’m taking a quick detour from the (academic) planning series to talk about our budget. In addition to really enjoying how people plan out their days and spend their time, I also enjoy seeing how people spend their money. Given the number of personal finance blogs and blogs dedicated to paying off debt, I imagine I’m not the only one.Read More