January 2016 Budget Plan
New year, new budget. This is officially my 24th monthly budget because I started budgeting when I started my blog 2 years ago.
That also means it’s my 2 year blog-i-versary! Happy birthday to my blog! I don’t know where I’d be without it. It has definitely changed my life for the better. 🙂
Now let’s get on down to the numbers in my January budget:
|Business Income Required||$2,675.00|
There are a few changes in this month’s budget. One of them is that my gas bill is higher because of the cold winter temperatures we had in December. Womp! I hate winter!!
Another change is that my cell phone bill is a lot less than usual. This is because I got a new phone in December and it came with a new contract. The good news is that it’s going to cost me less than my old phone and plan. The bad news is I think it will be more like $65/month from now on. This month was exceptionally low because I switched plans mid-month.
Other than that, there’s not really any changes. I need to get more contacts this month so I budgeted for that and I need to make my annual donations to a couple of organizations that are near and dear to my heart.
If this month goes anything like December (income-wise), I should be able to put a lot extra toward debt and savings yet again, especially when you consider that I won’t have any Christmas gifts to buy this month. 🙂
Barring any unforeseen expenses, January should be a nice and easy month. My ultimate goal is to pay off about $1,000 worth of debt (principle) every month in 2016. Where did that number come from? I’m not sure. It’s just nice and round, and it seemed do-able based on my new income level.
Finally, January should be the launch month of my new podcast, which you can check out over at Financial Conversation. It’s been fun to work on this collaborative project and we can’t wait to get it officially launched. I’ll definitely let you know when that happens! 🙂
Do you have any big plans for January? How is your budget looking?
Latest posts by Kayla (see all)
- November 2016 Budget and Debt Results - December 5, 2016
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- How NOT to Save for Christmas - November 21, 2016