Long time, no finance talk! Last month I skipped my budget post because I was actually reworking my budget. I tried making an annual budget for this year as well as monthly. This way I was able to look at my long term savings goals as well as my monthly spending all at once. It’s been a pretty interesting year so far, reminding me that I still have a lot to learn!
I started my first budget in the middle of the year last year, so it didn’t really make sense to have an annual budget. This year, I wanted to give it a try, and based mine off of this one, from Aja Dang. I changed it up a little bit, so it best fits my financial
January with my new annual budget was a big test. I used a lot of my base data from October, November, & December budgets. It wasn’t the world’s best data, but it worked well enough for the time being! I ended up adding some things and decreasing some others, learning where my spending highs and lows are now versus where it was in October (hint: it was a mess).
New Savings Account
I did open up a new savings account in January. I wanted a higher interest savings account to dedicate to long term goals, most specifically, first months rent when I move out. I’m looking at Washington DC so my ultimate goal is to be able to save at least $1000 by the end of the year. I was originally hoping to hit two thousand, but due to some big financial changes that goal was changed pretty quick.
Emergency Fund Used Up
My standard saving account is what I use as my emergency fund. The money in this account is either for a vehicular or pet
February Budget Overview
This month I’m still experimenting with the numbers. Lining up with my goals for the new year, I increased my total spending
I’m really looking forward to seeing how my February is going, it’s been pretty well so far! The next few weeks are going to be very telling for how my 2019 will go financially, but I’m going into February confident and excited. What are your financial goals for February?