Monday, January 31, 2011

Money Diary - Take Two

My co-worker and I have decided to do money diaries again for the month of February.  It will be interesting to compare my February expenses to my October expenses, since I won't have a Halloween party to buy for this time.  My co-worker wanted to do it again this month to compare the cost of her utilities, but I don't think it will make much of a difference to my expenses.  Yes, I use more heat in February than I do in October, but I pay the same price every month to the oil company - we signed up for their budget program.  So I expect I'll only see a difference in my personal spending.

I think that this will also help me to see what I can do to limit my spending and start paying off my student loan and my car more rapidly.  As I said in my post last week - I don't necessarily want to eliminate all of my frivolous spending, but cutting back might not be a terrible idea. has been going an excellent job of showing me just how my frivolous spending I've been doing and, quite frankly, I'm appalled.  I spent $192 at restaurants in January, and that's in addition to the $40 weekly allowance I take out of the bank in cash every week (which almost always gets spent on food).  That is pretty ridiculous.  To be fair, I did take Chris out to dinner for our anniversary and for his birthday, but that's still a lot of money for one month.  I really need to work on that.  Perhaps meal planning would help?

So yeah, I think it should be interesting.  Hooray for budgeting!

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