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Welcome to month 5 of working in this workbook at the end of each month. :) I'm excited to see that I ended up spending less in quite a few categories this month than last month, even though there were a few blaring red categories as well. My sinking funds are slowly growing and I'm on track for all of my annual bills as well as my short term savings goals (like a grill, safe, and etc). Next month I'm hoping for a few more gains than this month. Fingers crossed! What kind of budget review and comparative items would you like to see on the Budget Reviews in the future? Do you like this format? Until next time!  Welcome to month 4 of working in this workbook at the end of each month. :) I'm excited to see that I ended up spending less in quite a few categories this month than last month, even though there were a few blaring red categories as well. My sinking funds are slowly growing and I'm on track for all of my annual bills as well as my short term savings goals (like a grill, safe, and etc). Next month I'm hoping for a few more gains than this month. Fingers crossed! What kind of budget review and comparative items would you like to see on the Budget Reviews in the future? Do you like this format? Until next time, Every year I create a forecast for what I think the next year will hold when it comes to expenses. It isn't the end of my budgeting journey for the year though, rather the beginning. Creating a forecast allows me to determine if my template (the amount I put into my budget in each category every month standardly) is going to work for my anticipated income as well as decide what goals are feasible for the year. Whether I can do the landscaping project I want to do in this calendar year or have to wait until next year for instance- if I do it this year then I will have to give up other things that are important to me, or at least cut back spending on them. It lets me focus my priorities and set attainable (as well as stretch) goals for my year. There is a template below if you would like to create your own yearly forecast. It is fairly simple in design so feel free to let me know of any tweaks you would like to see for future versions. Until next time,  October was an expensive month to be sure, and the amount of red cells certainly shows that this month. Eek! But all in all it was a good month: I got to see my love, made a little progress towards my goals and even started going back into the office more frequently which has helped my mental health quite a bit. Next month I'll be working on my One Year Forecast for 2021 and will have an estimate on (hopefully) getting out of credit card debt completely. Until next time, |
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