Ever since the beginning of the year, I have been incredibly focused on my budget – both in adhering to it and in reducing my costs each month. It has been an incredibly worthy exercise as I began with a monthly expense limit of $2,000 (and often overspending each month) and have since whittled this down to $1,650 (and now often spend far less than that). Throughout these recent months I have not felt constricted by my budget. Rather, I feel grateful and thrilled at the many things that I own and the wonderful experiences that I have on a regular basis. I am richly blessed.
June Budget Results
My June expenses were almost laughable. I knew I spent less than expected in the month, but when I actually pulled up the budget to take a screenshot for this article, my response was, “Really?!” Hahaha. Take a look for yourself.
- Due to my “No Gas Stations in June” (I rode my bike everywhere), I spent $0.00 at the pump this past month. My car did not need any service or repair, so that was a whopping zero dollars as well.
- It has finally warmed up here in West Michigan, so I no longer need to run the heat! And, most days I do not need the A/C either since it gets pretty cool at night. So, my utilities were half of the average which is obviously welcomed. 🙂
- Apparently I did not entertain myself all that much last month either. I only spent $49, but I still feel like I did quite a bit! Trips to the beach, to family, and to nature parks in the area – it turns out that this keeps expenses quite cheap.
Everything else in the budget was as expected and I could not have asked for a better June! Hopefully July and August follow suit to this budget plan. I think I could get used to spending less than $1,000 a month! 🙂
How are you doing with your budgeting?
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.