Earlier this month I announced I was going to do a rather inappropriately named financial challenge — No Money May. My goal was to keep my spending, including groceries, down to $50 a week. I realized over the last few months that I was spending more than I should on food. I’ve always been pretty good about not buying new clothes very often, or going out to eat/drink more than once or twice a month, but I realized my ‘quick stop to Publix for sushi and arctic zero’ habit was doing some serious damage on my otherwise frugal monthly budget.
So, how did I do? Here’s my breakdown:
- Publix $320
- Fresh Market, Evermans, Target & Walgreens $80
- Total Spent $400 ($100 a week)
I don’t want to say I failed because I was still much more vigilant about my spending then I have been recently, but I’m still a bit disappointed I couldn’t keep it closer to $50 a week. This doesn’t include a few other items that I forgot to budget for in May!
- Brothers birthday
- Mothers day
- Thyroid Medication
- Parking permit for school
- Total Unplanned Spending: $135
I am happy that while I did go over it was only for groceries (albeit necessary or not.) I didn’t spend a dime on going out, stuff for the house, new clothes/accessories, make-up or anything. I think from here on out I will stick to aiming for under $100 a week. Ultimately, my goal for the month was to pay off my credit card (which I never carry a balance on but due to a series of bad luck I wasn’t able to pay mine off last month!) and I was able to do that so I’d consider this a success!
Next month I think I may have to buy a new pair of my favorite Mizuno’s (the wave sayonara.) My old pair has over 500 miles on them and I think running in the contributed to my new calf issues. I’ll also be registering for a 5k and am in desperate need of a haircut. Oh, and there’s Fathers Day!
Life; perpetually costing me money.
Do you keep a monthly budget?
What is the one thing you ‘splurge’ on every month?