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October 2015 Results

Written by , Posted in Money & Finances

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October budget results are live! Did I stick to my budget, or was I way off this month? Check it out @shoeaholicnomore!

October, where did you go? I can’t believe we’re already into November and I think the rest of this year is going to fly by.

October was a decent month. My savings increased and my debt decreased, so I can call that a win, right? I was even able to put more into my savings than my monthly target of $20. I put an extra payment of $50 into my savings and an extra $50 onto my debt toward the end of October since I out-earned my budget this month.

I could have put more in there, but I ended up having to buy a new pair of Muck boots since my old pair no longer fit right. (For those of you who don’t know, Muck boots are for wearing in mud and slop, which I had to wade around in this last weekend to help on my parents’ farm.)

Here’s how I did with my October budget and my yearly goals:

2015 Goals:

  1. Increase emergency fund savings account to $1,500. – Pass-ish – I don’t know that I’m going to make this goal happen. But I am still glad that I have started to replace my emergency fund since I had to borrow from it last month.
  2. Demolish $5,000 worth of debt (principal). This works out to $416.67/month. ($5,000 goal includes mortgage debt pay down.) – Pass-ish – I’m over my total target by a few dollars, but I don’t think I’m going to make this goal by the end of the year either.
    1. This also includes paying off my 0% interest promotion for my computer by October 2015. – DONE!
  3. Paint and prep home office by April 13. (My birthday!) MUST BE USABLE BY THIS TIME! – DONE!
  4. Attend FinCon15 and pay for everything in cash! – DONE!
  5. Quit my full-time job by December 31,2015 to freelance full-time. (I may pick up some additional hours at my part-time job to help make ends meet for a while.) – DONE!
  6. Limit spending on clothing, shoes, and accessories to $500 for the whole year! – Fail – I’m not tracking this anymore.
  7. Get rid of more books throughout the year than I get. – Pass-ish? – I got rid of a ton of books in my garage sale. I have only gotten 2-3 new books this year. Even though I’d call this a pass, I’m not tracking it anymore.

Debt Totals:

9/30/2015 – $132,099.89 (including mortgage)
$17,797.67 (w/o mortgage)

10/31/2015 – $131,651.16 (including mortgage)
$17,566.71 (w/o mortgage)

Difference – -$448.73 including mortgage
-$230.96 w/o mortgage

Savings:

9/30/2015 – $616.23
10/31/2015 – $693.50
Difference – $77.27 Increase

Budget:

CategoryBudgeted AmountActualDifference
Saving$20.00$77.27$-57.27
Mortgage$852.13$852.13-
City Bill$110.00$114.81$-4.81
Gas Bill$15.99$15.99-
Cable$24.63$24.63-
Internet$49.95$49.95-
Phone$103.32$103.32-
Fuel$50.00$50.43$-0.43
Auto Insurance$101.61$101.61-
Cleaning$90.00$90.00-
Cash Spending$160.00$137.66$22.34
Car Tags & Tax$379.76$379.76-
Dentist$50.00-$50.00
Debt$779.50$829.50$-50.00
TOTAL$2,786.89$2,827.06$-40.17
Business Income$2,790.00$2,827.06+-
Difference$3.11--
October budget results are live! Did I stick to my budget, or was I way off this month? Check it out @shoeaholicnomore!

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Kayla

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

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