Because I really want to pay off my mortgage by the end of this year, I have been buckling down on my budget. Each month, I am trying to keep my spending under $1,995. Since I started this budget in January, I have yet to actually do this, and March has been a similar story unfortunately.
In the month of March, I actually spent $2,660…which means that I overspent by $665, but I have my reasons. For the most part, all of my expenses were in check, but I did buy that Malibu car (that I flipped for a profit), whose taxes and other repairs cost me about $420. Another $135 of this overspend was due to my tax returns. I had my accountant do them for me this year to make sure that I was claiming everything correctly. And, the other $110 was on clothes shopping (believe it or not). As the weather was heating up, I realized that I only had one pair of shorts and a limited assortment of golf shirts (that I also wear to work). So, I paid a visit to my friend TJ Maxx and bought quite an assortment of clothing for a very reasonable price.
All in all, I am actually quite satisfied with March (after all, it did allow me to pay an extra $10,000 on my mortgage). So what is the outlook for my April expenses? I am actually feeling pretty good about this month as well. I don’t foresee any large expenses coming up and on top of that, my utility bills should be lower as the temperature warms up.
It has been a little while since I gave a shout out to all those other skilled personal finance bloggers out there, and they have been putting out some great stuff! Check it out:
How to Win At Everything Online – by Yakezie
How to Recover From a Financial Mistake – by Prairie Eco Thrifter
10 Lunch Menu Items That Cost Less Than $5 – by One Cent at a Time
Travel Hacking on a Budget – by Narrow Bridge Finance
Working Out on a Budget – by See Debt Run
Do You Have a Rainy Day Cash Fund? – by Beating Broke
Build a House for Under $10,000? Oh Yes You Can! – by Little House in the Valley
Margin Net Worth Update – by Project Ikonz
Pain and Suffering Is No Excuse to Quit Moving Forward – by Luke1428
Are You a High Talent, Low Maintenance Employee? by Save on Almost Everything
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.