This is the first installment of my monthly budget report. I always heard that it wasn’t polite to talk about your money, but in the interest of total financial transparency and accountability to my goals, I’m baring it all.
So how did September turn out? Pretty well, actually. My savings rate was just over 50%.
Income: One of my roommates did not pay rent in September so I was $550 short in rental income. It was also a good calendar month for paychecks (I get paid weekly and got paid 5 times instead of 4).
Expenses: Areas where I went over budget include Food, Electricity, Cigarettes, Gas, Pharmacy, and Business Services.
Food and Dining — $583 vs. $450 I continue to struggle in my Food and Dining expenses. First, I made a trip to Costco to load up on supplies. I also ate out 28 times in September — I’m a single guy and I eat a lot of take out, but still that’s really crushing my budget.
Electricity — $309 vs. $245. My electricity bill was a whopping $309… I live in an old Victorian house and we had an unseasonably warm September here in Nashville. One of my goals/ideas is to reduce my total energy consumption, but it’s been slow going!
Cigarettes –$79 vs. $59. I know, I shouldn’t be smoking but it’s been a challenge to quit. I went over my budget for cigarettes because I’ve been smoking more and prices went up. Also, my use of coupons for cigarettes (that I get through the mail or on eBay) has gone down.
Gas — $133 vs. $94. Not sure what drove this… might just be a timing issue on when I filled up. I’ve reduced this budget over the past few months so $133 feels ok. I’ve been trying to drive fewer miles and drove around 1000 miles during September.
Business Services — $87 vs. $37. I bought a Thesis theme for this blog.
Pharmacy — $100 vs. $40. I wound up making more purchases at Walgreens than I normally would. Refilled all of my prescriptions this month which only happens every few months.
Thanks to Budgeting in the Fun Stuff for including this post in the weekly Festival of Frugality