It is the end of July and all my bills for the month have been paid. For the month of July I ended up over-spending my budget in certain categories and under-spending in others. Overall, I did not exceed my July budget, but moved some dollars around. I think I did pretty well for my first time establishing a monthly budget. I will need to continue tweaking my budget as each month comes to a close to reflect what I truly need to spend.
I was a little alarmed at first that I had not spent my entire “Debt Service” category since I was under the impression it was minimum payments for the most part. I took a look and realized that one of my bills is around the first of the month and sometimes the payment is made prior to the first and sometimes just after. The next payment is after August 1st, so it will carry over into my August budget.
I feel ready to tackle August and create an even better budget!
|Personal Care:||$ 20.00||0.00||20.00|
|Pet Care:||$ 100.00||89.50||10.50|
|Debt Service:||$ 1,515.00||1,358.52||156.48|