Monthly Expenses

To continue on with the fact that I want to budget out every cent I am spending in April, I decided to see exactly where my money went the last 30 days.  Again, to see if there is any category that I can cut down on.

I have always found it interesting to see how people allocate money. I understand everyone has a different situation, but that is what makes it interesting.  This did make me realize I have to spend less on random shopping such as new clothes and little trinkets. As well, I bought way more fast food than I wanted too this past month.  On the bright side though, I still spent way less on coffee than normal.   March is also a huge birthday month for me.  It seems that a lot of people close to me have their birthday in or around this time, causing a major hit to my bank account.

Lets hope I can increase my savings and cut down the fast food and shopping categories for next month.  Yet, I think I am doing pretty well cutting down my disposable expenses,  which makes me realize I need to start finding ways to increase my income. Hum....

Where in the world did my money go?

You know that time when you put your mind to something, then you take a few steps back? Yeah, that has been March for me.  Can't say this has been the best month for putting my frugal ways to the test. But I suppose you need to fail to learn right?

Definitely made some bigger purchases this month that were wants and not needs. I've noticed that my  perception of those two extremes is still flawed. I suppose I didn't need that pair of heels, that picture frame... and mind draws a blank. Clearly, there's my problem. I don't even remember everything that I have purchased this month. Because of that depressing revelation, I decided that for the month of April, I am writing down every single purchase that I make, no matter how small.

I'm hoping that this tracking system will allow me to see where my money is going, and the areas I need to cut down. I already corrected my coffee problem, and you'd be happy to know I have only purchased a coffee once over the last two weeks. I'm darn proud of myself for that, definitely a step in the right direction.

So, starting April 1st, lets find out where all my money is going, because I evidently can't be trusted to keep mental notes.  Fingers crossed!... Maybe I should start practicing in March.

Spending cash instead of plastic

Today I had someone bring up to me the idea of using cash over plastic. I've seen tons of articles on both of these opposite ideas.  Different ways work for different people I'm sure, but lately I've been going with the cash option.

Starting in march, I want to take out $150 cash every payday (every 2 weeks) and have that be my entertainment and more fund. Now, this doesn't include major bills such as rent, credit cards, phone etc. This is strictly entertainment, groceries, coffees, and meals out.

I have done this before and it's worked really well in the past. Because for me personally, if I can see the physical cash dwindling down in my wallet, I'm much less inclined to spend it.  With plastic, it's easy to swipe and just forgot you ever spent money, which is a very bad habit.

With this system, I'm hoping I'm able to survive. I should be able to considering I've already cut my grocery and morning coffee costs.

Anyone else have luck with the cash over plastic system?