budget,  fashion

Revisiting your Budget

August 14, 2020 /

I have written several posts about budgeting over the past year and a half:

These are a few of them. After the past 6 months of not really trying to be thrifty, I decided it was time to get back to my roots of wanting to share more about budgeting in all areas of my life. Now budgeting in my current situation may look different than it looks last year when our income was different but the principles are the same:

  • know your income and necessary expenses (bills)
  • save every month whether it is $100 or $1000+
  • give yourself some “play” money: I find that if I do not allow myself a treat whether it is an outing, some clothes… then I tend to just go a little overboard. Have an amount or item in mind
  • see where you can cut expenses whether it is bills or your groceries budget or your miscellaneous spending
  • plan ahead (I love using The Budget Mom Budget by Paycheck workbook) so you know what expenses are coming up each pay period.

So my goal for the last 5 months of 2020 is to be conscious of what my food and miscelleaneous spending. I will go back to challenging myself to spend less on groceries (and hopefully sharing some of that on Instagram) and make more snacks to cut on food expenses and I will have a plan for my fun money and not click add to cart at will (that is an exageration but I do want to exercise more self control). And yes, I do have some things I want to buy (which hopefully will resock) during the Nordstrom sale such as these  grey Wit and Wisdom Jeans .

Your budget is never a one and done thing: you need to REVISIT it when your circumstances change, when you want to start saving more or spend more in an area. Even though we are not planning any big trips anytime soon, I am still diligently putting money into our vacation savings account, putting cash aside for a anniversary getaway or day outing and saving for Christmas. Of course, we are also putting aside money for the future. Each month looks a little different but I am working on our goals and making adjustments as they are necessary.

A bientôt!

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