This month was a little rough as far as going on dates goes. I’m not going to lie, I thought we were going to have to skip it. Then I realized that we have some big goals coming up this year (travel, paying down debt, both girls in college in the fall) and we will probably need to be better about budgeting. So, we had a Create a Budget date at home.
I wish I could say that we didn’t find any surprises when we dove into our finances, but I would be lying. It is amazing how much we have been spending on restaurants – and I have actually been cooking a lot, so I would hate to see what it was just a couple months ago. Rising prices have not helped, but we have definitely gotten used to the convenience of grabbing food on the go or treating ourselves to a nice dinner more than we should.
We’ve also been spending more on coffee shops (Tim Hortons, Dunkin’ Donuts, and Starbucks) than I would have ever suspected. I will take full ownership that this is mostly me, and I have been taking steps to eat breakfast at home more, so I know this will improve dramatically.
After analyzing several categories over the past few months, we have made a budget that should allow us to pay down some debt and also save some money towards other goals. We did not include my income in the budget, so that is where our Adventure and Create dates will likely come from and also where things like hair cuts, mani/pedis, and gifts will come from. It isn’t perfect and will likely need adjusted, but it should make a real impact on our spending habits.
For your viewing pleasure, here is our workspace and our faces when we finished.
Do you have a budgeting system? Any tips on things we should always include? Let us know in the comments! 🙂