Tuesday, August 26, 2008

Revised Budget 8/26 - 09/02

So I screwed up my Budget royally due to my Sister's Wedding Weekend and all the unexpected expenses. I'm not too bummed about it. It happened. Awesome wedding and amazing memories with my family were shared. Did I need to spend $95 on makeup? IMO no but far be it from me to ruin my Sister's day.

What happens when life doesn't go according to plan? Well, you just make a new plan, that's what! And thus, here is my new budget compared to the old Budget I made:

Rent - 725/0
Sprint - 83/83
Capital One - 20/20
Beauty - 60/230
Travel - 40/40
Wedding Weekend Money - 50/230
Repaid Mom Debt - 0/100
Old Roommate Wedding Shower Gift - 50/103
Utilities - 0/102
Savings Account - 0/50

Total Remaining = 334

Okay, so big exciting news is that today, I opened up a Savings Account for my Emergency Fund!!! This isn't such an exciting event as I have had a Savings Account since I was 12 years old but it's never had much of "savings" in it, especially in the past couple of years. I decided I needed to have an account linked to my Checking Account so that I can conveniently save money while still diligently avoiding the Evil Overdraft Monster. Bank to bank transfers take way too long for my usual type of "emergency" so I did not open up a high yield savings account. Not yet anyway. I started small and put $50 in this account.

I paid my utilities early so that I don't have to deal with them in the next pay period.

I went ahead and bought Old Roommate's Wedding Shower gift since I know I won't be able to afford to do so in the next pay period with rent and other debts coming due. Though I spent more than I anticipated, $60 of that money came from the $100 my Dad gave me so I only actually spent $40 of my own funds.

I cannot pay my rent on time in September and my landlord agreed to hold the check until September 3rd. But I want to end out August with $200 left in my Checking Account so that I only need to pay $525 out of the new paycheck for my rent. I think I can do this as I currently have $334 left in the account. Boyfriend and I are going to a festival over Labor Day Weekend. I originally budgeted $60 for the festival but I think I am going to increase that amount to $100 since we will be gone for four days.

Here's hoping the amended Budget works out this time!


Anonymous said...

hah! i just realized that i adore your blog so much that i was supersad to not see a new update this morning :) guess that goes to show, you've got fans!

Sallie's Niece said...

Oh thanks I'm working on one soon! If only they paid me to blog I would have so much more time!

Sallie's Niece said...

Update: Old Roommate Wedding Shower gift was only $87 - and only $40 of my own funds were spent. Just wanted to clarify.