Last year was a major transition for us, going from two
incomes to one and putting money towards starting a new business. There was a
lot of scrambling to adjust and to make ends meet each month. There was a lot
of money shuffling and juggling to get bills paid and deal with some of the
unforeseen events. Add in all the extra hours spent at my “real” job, my side
jobs, and hustling money and it led to a lot less tracking of actual expenses
than I would have liked and a whole lot more spending than we should have done.
For 2015, I intend to do a better job of tracking exactly
where all the dollars are going. Hopefully, I can uncover some ways to reduce
expenditures by taking a closer look at how and on what we are spending our
hard earned money on. I would have thought by three years into the budget/ debt
reduction mission things would have been set, instead I have learned over the
years that there is a constant need to track, assess, reallocate, and reduce as
possible.
Budget Goals:
Track actual expenditures across our budget categories for
each month and make adjustments/ goals for each coming month.
Do a thorough review off all budget line items for
reductions. Focus on bulk meal planning, reducing grocery costs, eliminating
food wastes (it drives me crazy having to toss things that have gone bad
sitting in our fridge), and cutting back eating out.
Cut spending on wants. Slowly but surely some of my old
habits of giving into my wants has crept back into my lifestyle. Time to buckle
down and keep my eye on the debt elimination prize.
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