This is the catch-up post for these two months. I’m not too sure how March was in general, but I know in April the bank account got hammered.
This was due to pumpkin events, and the trip to Gisborne (still sorting photos out from that). Petrol was almost all budgeted for, but it was the food that destroyed that part of the budget. I had grand plans of not buying too much stuff, and taking food with us, and I did do a bit of that, but not as much as I would have liked.
It was a great trip and will have to do it again.
Also before that trip, I got my excess back from the insurance company, which was great news, I got a microphone for the camera and while not a necessity it sure does help with the quality of videos, and this is something I want to do more of.
No Other HP’s
While the credit card has been going up and down like a yoyo lately, I have managed to not get any more debt via the awesome people at GE money, remember how I mentioned they had a special deal for me? Well because I am super amazing apparently, they have bumped that offer up to $8000 now.
Something that isn’t reflected in the amount I’ve paid off, is the amount I’ve saved, both for an emergency fund and upcoming expenses, YNAB is helping a lot with this planning and to me, that is one of the biggest strengths of the new YNAB.
While it would be beneficial to throw every last cent into the debt, I’m being realistic and making sure I have everything else covered as well. It’s a balancing act and if one thing goes out of whack, you end up taking from something else or going backwards.
Reviewing the Data
Knowing where you are spending money is so beneficial, in YNAB it’s easy as you can look at the reports. Looking back over my data it became apparent I was spending little tiny bits of money of random food. One of the places I was doing that was at petrol stations. Both when I fill up myself, but also when I was there filling up a work vehicle. To combat this, I don’t have my EFTPOS card or Credit Card on me when I don’t need it.
What about emergencies I hear you ask, well if it is a super emergency I probably have time to go home and get the cards, or I could get someone to bring the cards to me. It removes that temptation of spending, and it might seem like a silly little thing, but you have to do what works for you.
Immediate Saving Goals
I’m saving up for some equipment I need for a new project, things like that make a lot more sense to me if it is a tool and something I will use and it can help me move forward in my goals then it makes sense. Spending money on random unneeded food doesn’t. So that’s where I am with all of this.
How’s your money situation going? What are you struggling with? Let me know in the comments below.