weekly budget check


This is my second week with the detailed budget and tracking the expenses in separate categories.

First of all; I saved $19 out of my weekly allowance. When I add on top of this the would-be-expenses (those that I was tempted to do but did not; mostly the cab fare replaced by bus or walking), this amount increases to $103. Great :). Over-spending would make me feel not good; I am really happy with making the effort to stay within my limit and achieving it this week, too. Psychologically it makes me excited, feel accomplished, and most importantly I still feel free to make expenses should I wish it. Not having a feeling of deprivation seems to be essential for me….

A no-deprivation-budget + Seeing tangible results = Satisfaction.

I have also had a chance to look at the expenses in each category (transportation – cab), eating out (including weekend breakfasts, dinner, and snacks at the office), grocery shopping, and others. In the two weeks I made almost the same amount of expenses in each category, which is interesting 🙂 I know I cannot generalize this information yet, but I found it intriguing.

When examined a little bit thoroughly, I see that my grocery bill is relatively high for one person; certainly an area to contemplate more. Also I have extra expenses that I can live without – they could beef up my savings. These expenses and the eating out category can be subject to “expense-freeze” time to time (maybe for a week once a month); this way I would not feel deprived off them but at the same time save additional funds and have fun with it! 🙂

I also notice that I make the majority of the expenses during Friday-Saturday-Sunday time frame, with much less in the remaining days. And through the end of the week (my budget week ends on Thursday), my motivation to not spend increases because of this. During these days, I try not to get anxious thanks to my `unexpected` expenses account (highly recommended) so that I will not feel like falling through the cracks by inevitable expenses – I have an annual amount of funds budgeted for this category, which is a relief 🙂 I do not forget to pamper myself (my weekend breakfasts are good examples) along the way, which also makes me feel like I am indeed not depriving myself.

Budgeting and being realistic and analytic is one thing, dealing with the feelings (fear of deprivation, fear of spending money, excitement of experimenting with a spending plan and staying on track, satisfaction coming with the sense of accomplishment and the confidence followed by it, and learning about myself, my patterns, priorities, and abilities) is another.

This experience has been valuable in more than one way 🙂

10 thoughts on “weekly budget check

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  1. Now this is great start. U have done trend analysis of ur budget vs spending week on week which is really good. Also. U r right one must avoid being a prey to instant gratification which leads to over spending.
    Cheers

    Liked by 1 person

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