Reporting my expenses here has definitely helped bring more consistency in tracking my expenses. As I mentioned before, I slacked off a bit last year in tracking personal expenses when I started working for myself in the summer of last year. The goal wasn’t so much about setting out to change my spending habits, although I would love to see my “food” expenses reduced, but to have hard numbers based on the way I live so that I can properly plan for how to cover those expenses when I no longer have to work.For the most part there hasn’t been any surprises in my spending so far and most of the areas I do spend money on stay within a fairly predictable range. There will be infrequent expenses that occur at a fairly predictable rate, things like property taxes, medical expenses, and travel that may push me over the $13k mark I have predicted my spending to be this year, but the truth is that it’s the routine monthly expenses that really “cost” you. Things like utility bills, cell phone plans, and internet/T.V. and food. These are services that will likely be used throughout one’s life, month in and month out for years. They don’t seem like much on a monthly basis, especially if you can “afford” it, but they really create a drag on liberating money for other things that are truly valued.
This month’s expenses fell within the normal range of he previous months. The only big change was the addition of my health insurance premium that started in February. I was hoping to offset that expense some by reducing spending in the food category, which has been a goal for the past four months, but without much luck. Here is the breakdown:
As you can see not much change from the other months that I’ve reported here other than the addition of health insurance. March should be similar as well and who knows, maybe I will finally begin to reduce my food expenses. Please, who am I kidding? 🙂