The long weekend gave me a chance to take care of some overdue tasks, like revisiting our budget.
It was time to revisit our budget for a couple reasons:
- I have a new job, so my salary has changed. Therefore, the budget has to change.
- Matt and I were not sticking to our previous budget. In fact, we were hemorrhaging money.
We had to put our automated saving plans on hold in order to deal with these various demands. Once we weren't stashing away our money into savings accounts, we had a bigger "general fund" that gave us the illusion of having a lot of money to spend (that's where the "hemorrhaging money" part came in). We started spending our money more loosely than we otherwise would.
Long story, short: We are back on a budget. I put an index card in my wallet to keep track of our spending. For example, we have $1,060 a month to spend on groceries, eating out, entertainment, and our dog's needs. I wrote $1,060 at the top and I subtract from it each time we spend money. Since the start of September, we've already spent $20 buying supplies from CVS for a sick friend, $25 on Thai food, $15 at Little Bigs, $23 at Mama Ninfa's, $8 on frozen yogurt and something else I can think of, and $20 on pure maple syrup, yogurt, bananas, and chocolate chips for a pancake breakfast. Keeping a running tally of our spending will help keep our budget more tangible.
I think we might be eating rice and beans by the end of the month...