My Journey to Financial Independence and Retiring Early

January 2017 Spending Report

January Spending Report |

Here’s everything I spent money on this month!

January 2017 Spending |

  • Car:
    • Auto Insurance: $82 – This is greyed out since I pay that every 6 months, so it holds over a portion of my monthly budget to account for that payment.
    • Gas & Fuel: $84 – Under budget, whoo hoo!
    • Service & Parts: $201 – I got an oil change and had some other maintenance done on my car. This portion rolls over every month, so I should be good on car stuff for a while.
  • Bills/Utilities:
    • Mobile phone: $35 – I use Cricket which includes all taxes and fees.
    • TV + Internet: This actually went up this year. I pay more for faster internet service now so we can stream and game at the same time without either lagging. This also includes Netflix & Hulu subscriptions.
  • Entertainment: $20 – I took myself to the movies once.
  • Food & Dining: $339 – this is the overall category and includes spending on lunch, groceries, and any other dining out that I do. I went over in this category by about $70 which means I either need to scale back or increase my budget. But I also took a weekend trip to Atlanta, so we’ll see if I need to adjust this next month.
  • Home: $37 – I bought a couch pillow and a frame for some art that I bought last year in Kenya (bad photo below). 🙂

    Maasai Warriors Painting |
    Maasai Warriors Painting
  • Personal Care: $12 – I purchased some face wipes, which worked out to $12 and received two $5 Target gift cards that I can spend in the future.
  • Travel: This category is negative since I have it roll over the unused amounts every month. I budget $200 per month in travel and only bought a $96 roundtrip ticket to Atlanta last month, so there’s a lot of carry over from December and previous months. I did actually spend $44 on Uber rides in Atlanta while I was there.
  • I didn’t spent anything on gifts/donations (though I did donate some items I no longer use to Goodwill), health & fitness, pets, or shopping.
  • Everything Else: $214 – Slightly over budget…This includes things I don’t really budget category for like fees, parking, and various online services/classes I sign up for.

Overall, I spent $1,065 this month (not including any rollover category credits). Not bad.

What’s not included here?

  • I bought a few things in cash this month and I can’t quite remember what they were. I spent about $15 on food and a drink at a bar…and maybe $20 somewhere else…probably also food related.
  • I received an Amazon gift card in December that I’ve been slowly spending down. I bought a few books, some toiletries, and a part for my car for about $60 worth of the balance. Still $140 left! I was looking to spend this on a handheld clothing steamer so I could get rid of my bulky floor model, but I was able to get one that my mom thrifted a while back for free!
  • I put $2,000 towards my student loan balance and added $115 to my HSA.

In other News…

I stopped my 401k contributions for now. 🙁 I am trying to get these student loans paid off, and that was the best way to free up my cashflow. I should be able to start them up again later this year, so we’ll see if I can get back to maxing that out later.

I’m getting a bonus (& a 401k match)! This was unexpected and I’m still not sure how much, but that was a nice surprised that I learned about in January. Good thing I maxed my 2016 contributions!

That’s all I have for January! How did you do on your January budget?

Related Posts

April 2017 Spending Report

April 2017 Spending Report

Here’s everything I spent money on in April! The chart below also comes from Mint, my primary budgeting tool. You can find this view in the Trends tab and select spending by category for the time period you’d like to review. Travel: $538.57 – About $200 […]

March 2017 Spending Report

March 2017 Spending Report

Here’s everything I spent money on in March! I know this is late but April has been a super busy month. The chart below also comes from Mint, my primary budgeting tool . You can find this view in the Trends tab and select spending […]

Share your thoughts