I’m budget planning a bit backwards. While I’ve got some goals for 2018 I haven’t clearly articulated them but with all the hard work looking at the numbers I felt it important to create the format of the 2018 budget.
|Bell | Rogers||3%||3%|
|Random Charitable organizations||0.4%||0.3%|
|Long Term Savings|
|Short Term Savings|
I got a bit of a raise so I also gave the budget an increase in 2018 while maintaining my buffet. While the Groceries, Eating Out, Misc. and Fashion lines were all really over in 2017, Fashion is the only one that saw a true increase.
The reasoning behind this is:
- we really should not be eating out as much as we do
- We need to just keep an eye on groceries and be more realistic in our spending
- I need to re-learn how to say no to myself. As the Misc. line tends to go over when I think that I’ll be a bit tighter in another area that month. Based on the 2017 spending, I haven’t been good at decreasing other lines to ensure I live within my means
- Fashion is touching on areas that are important to me and impact my health. Shoes and skin care were the big fashion spends. The shoes were to ensure that I keep my plantar fasciitis in check while the skin-care has a definitely mental health benefit.
Going back to the 50-30-20 rule, here’s where the budget for 2018 stands in relation to previous years:
The anticipated budget l is bringing me much closer to my ultimate goal of 20-30-50.
Have you started looking at your budget for 2018?