I think this is the latest I’ve ever been with my monthly recap. I’m usually so excited to post it, and get started on the next month’s budget. This is actually still the case, but I was occupied with the man friend this weekend, and stuck at work late last night–getting me home right around my bed time. Hence no recap, but better late than never, right?
Boom! Over $1,900 in student loan PRINCIPAL payments in February! Next month my auto and transport expense will be way down–it will only be gas and (if necessary) parking. My paycheck should reflect my commuter rail deduction this Friday, since I had money on my computer card to buy my pass this month. A lot of money will probably go to food this month, since I took my boyfriend out to dinner on Sunday night, and am hoping to take my sister to dinner before she has her baby.
Other than my good progress on student loans, I was pretty bad with the staying within budget thing. I spent a lot on “other” and paid for a 2013 doctor’s visit. The good news is I’ve planned for my hair expense this weekend, so I’m more prepared for my “other.”
My other budget overages:
The food and dining overage is mostly the coffee shop budget bust. I’m calling the restaurants overage offset by being under budget on alcohol and groceries. But There’s 5% cash back on Starbucks purchases, so I loaded my card with $50 twice. I’m justifying this with the extra points, and will probably reload before the quarter is up, but starting in April I need to work on making my own coffee way more often.
Additional iTunes purchases–I’ve increased this budget for March, and accepted that I’m not staying within $10. We’ll see if $15 satisfies my need for new 80s music.
Student loan interest is kind of a crapshoot–how much I pay can really vary depending on when in the month I make my payments. Daily interest on $70,000 can make for a lot of variation. The budget underage on gas probably has a little to do with a combination of a short month and timing of gas purchases. Kind of a similar deal for parking in that I happened to not have to drive up as often–though this is partially due to finding another free parking train station. In April I’m having $20 put on a debit card pre-tax to pay for parking on an as-needed basis. This one won’t be a monthly deduction, but I’ll have another $20 deducted when the balance starts to get low.
I didn’t need Proactiv because my skin is clear! I’m sorry–that was a blatant lie, I just tend to get billed three out of every five months because of my current delivery schedule. Clear skin–ha! Also, do people judge me for having an alcohol budget? It really actually means trivia, which is more of an entertainment expense. Whatever.
I’m getting two TiVo charges this month, apparently. Hence the big buffer in the Movies & TV category. I also haven’t rented an Amazon movie in a while.
My clothing budget was two pairs of work pants from eBay. Money well spent. This month’s clothing budget is already blown on two pairs of shoes and five (FIVE!) pairs of J.Crew flip flops. They’re $22 flip flops, on sale for $12. So I bought three pairs for me and two for my sister–because two separate people paying $8 shipping charges on flip flops is ridiculous. She’ll probably pay me back, but I’m fine with gifting the $25. I’m so charitable. J.Crew wedge flip flops are kind of my thing. I hope no one tells me that I’m not a lifeguard anymore and I have to wear adult shoes sometimes…
As for the March Budget, I haven’t broken out my federal loan payment into principal and interest yet (because they refuse to post my payment), but I’ve made $1,750 in payments out of $1804 principal and $676 interest payments budgeted for the month. Instead of $2,480 my total payments this month will probably be $2,600. I’m not mad, but I am going to try to stay under $4,000 in spending the month (my actual Mint budget is $3,963). Or rather, if I go over, I only want it to be because of additional loan payments, and not because of additional spending. I’m hoping for an expense reimbursement and an insurance dividend this month–both of which I’m hoping to send on UG3.
Goal Tracking (from 2/14/2014 post)
- May 5: Pay off UG3 (current balance $2,557) – Current balance of $1,110 — Planning on paying off with my April payment
- June 15: Debt Balance under $100,000 (current balance, about $106,000) — Now I’m around $104,000. Still waiting for my federal payment to post and my updated balance on UG3 to be reflected. If I’m paying off another $1,600 in April and have an extra paycheck in May I think this is easily doable, possibly even before May is over.
- July 31: Pay off UG4 (current balance $3,346) — If I maintain my payment from this month through the summer I’ll pay this one off with a payment of around $100 in July.
- November 30: Pay of UG5 (current balance $4,963) — I think getting this taken care of in October is a better stretch goal.
That’s all I’ve got for you tonight–sorry it’s so disorganized and incoherent. Better my blog posts than my finances, right?