April turned out to be a weird month and halfway through we drafted a budget for us to follow. Our purpose: get rid of all our debt, medical and vehicle. I’ve had a loose budget in my mind for some of our expenses that I can control, mainly grocery shopping and I’ve been tracking our expenses for years using the Mint app. Now, we have a true, pen to paper, written budget for everything we spend money on.
I’ve been obsessed with budgeting for years and I am super excited to put everything I’ve read about and learned about into practice. It is now May and I’m pretty pleased with how we did in April. I went over the grocery budget by about $15 buuut the charge didn’t clear the bank until May 2. So on paper I was under budget but I know I went over budget on April 29. I’m not going to get too caught up in that kind of technicality because 1) we are just starting out and 2) almost every article I’ve read cautions that it will take several months to get a good flow going.
I’m pretty glad that I have always had the Mint app running in the background because it was an easy way to track my spending which made it easier to come up with a budget fairly quick. My next step for May is to get a spreadsheet set up that will allow me to input our income and expenses to see how we should be doing at the end of the month. Also, I love spreadsheets so any reason to make another one makes me happy!
We have a huge expense due this month and it will basically leave us breaking even in our main checking for two days. And that is why we are deciding to start this budget process and make it work. There’s some large expenses that we anticipate to pop up every month for the next few months and we want to have a better grip on where our money is going. Having a budget will give us the control and knowledge of what we’re doing with our money!