So, first off, I have to ask you all, how is your savings going? The first month is complete – we’re at the last day of January and those change jars are likely starting to fill up!
I’ve broken the $100 mark, and I am happy with that. Far from my monthly goal, but it’s been a cold month and my oil tank seems hungry. It’s also been a slow month at work, so tips were down to almost half of my usual amount. January is a hard month to begin a savings plan. But at least the is something, right?
Next week I will count everything up and give you an actual total as to what I have saved.
One thing I noticed when I started this whole thing was that I really wanted to track where all of our money goes. I know the bills…but all those variable expenses that we just swipe our cards, or dole out the cash for…I wanted to know exactly where it went. And though I have a whole other post in the works for this, I wanted to share with you where we spend our money.
We eat it.
$743.92 of our hard earned income, 20%, went to groceries. And there isn’t a single take out order included in that.
So for February, my goal is to cut that number in half, $371 for groceries. And put the difference into our savings account.
I do not want to feel like we’re going without. So, I guess that means we have to change how we look at food, how we cook, what we cook… it’s all going to be overhauled in February.
So check here on February first for my plan to cut down in our grocery spending and put more into our savings account. Remember, we’re also trying to buy a house this year…so my word(s) for 2013 is Saving Money.
But in the mean time, don’t forget to go enter our Disney Contest!
FYI: I used the Budget app for iphone to keep track of all of our spending…You can easily make your own categories, and edit it to suite your needs. It does cost $0.99, but I think it is worth it. It does not link to your bank accounts so you do have to add every expense and income manually. But it only takes a second, and has become habit for me.