Under Budget for August

It looks like we’ll come in under our scheduled budget for the month of August, but not without a few bumps in the road.  We were over by quite a bit on groceries for the month, but we were able to make up the difference by not going out to eat as much and some money that we saved on general household items that we didn’t need to buy.

Also, fuel prices dropped this month, which saved us a lot, and I also drove on a business trip that resulted in an extra $240 paid for mileage.  Another bonus came from the fact that we budgeted our income to be a little bit less than it actually was.  All totaled, we had a surplus of just under $600 this month.

We’ve been budgeting $500 a month for saving and investing with a plan to increase that amount by carrying over whatever is left from the previous month.  That means we’ll be able to save a whopping $1,100 with our mid-month paycheck we get in September.  Now, if we can just get rid of the condominium we’ve had for sale for the last five months, we can really start gaining some ground!

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!