|Christmas is Over!|
No, you can't make me...noooooooooooooooooooo!
You know when you are watching a scary movie and you know something intense is about to happen and you squeeze your eyes almost shut or hold a pillow up to your face and just sneak a peek every once in a while??
Well, that's how I feel about looking at my December 2010 monthly spends - I just want to take a quick sneak peek, or maybe just keep my eyes tightly shut and pretend it never happened.
But I know I must face the music, the sooner the better, like removing a bandaid with one quick painful RRRRRRIIIIIIIIIPPPPP!!!
So, I opened up http://www.spendingdiary.com/ (thanks Maureen for this site!) and entered my last few spends.
The results are in so may I have the envelope please.....cue drum roll.......
- overspending on groceries wasn't too too bad - spent $517.04 and budgeted $450 so over by $67.04
- entertainment - a whopping $526.01 - this included $73 for tickets to the ROM, restaurant meals, movies, popcorn, coffees, parking in Toronto, books from Chapters, LCBO, a couple of lunches - didn't really budget for any of this!
- gifts - $697.92 which includes the clothing purchased in Toronto - had $800 saved so did ok there so the extra $100 helped out with my high entertainment costs
- On the plus side I reduced debt by $1171.00 and saved a total of $1050 (includes TFSA, RSP & Emergency Svgs)
So I will start planning NOW for next Christmas so I am in control of my spending (I had to take some $$ out of savings as I didn't set nearly enough aside) so will start saving $100/month in Jan. I don't pay property tax in Nov. and Dec. so always add that into my Christmas account so I will have a total of $1500 for next year's Christmas. I am also going to cut down in some areas and use any leftover to pay down debt.
You know - it could have been a lot worse. In the past I have thrown caution to the wind and spent much much more - I was more restrained in gift buying this year and spent with more awareness but there is definitely room for improvement...isn't there always??