Personal Budget Update #3 October - *New Topic* & How to interpret your numbers

We're back for another month and since transparency is important to the team here at Money Glee, let's get into another month of numbers.

If you'd like to see the facts and figures for September, take a look here. In the interests of keeping it short let's jump straight into how it went down.

September monthly numbers

Books

Planned - 60$                                   Actual - 70$

Books are an important part of personal development and education, happy with how much was spent here although it was somewhat over the number

Entertainment

Planned - 450$                             Actual - 462$

Somewhat over for this during the month, although this was inflated by trips to Brisbane and Canberra.

Food groceries

Planned - 130$                               Actual - 160$

Numbers for groceries were still over, a reduction on last months figures though. Impressed (if we say so ourselves) with the amount spent here

Gym

Planned - 52$                                Actual - 52$

This will stay constant each month unless there is a longer month. Could possibly cut this out due to not being disciplined enough with going although it's nice to have the membership in play. Anyone got any tips on how to stay motivated to hit an early morning gym sesh?

Mobile/Cell

Planned - 39$                            Actual - 39$

The standard monthly fee, nothing too much doing here :)! Out of interest how are your mobile phone bills?

Miscellaneous

Planned - 260$                        Actual - 277$

While over-planned here, a decent effort to stick to those misc expenses. These could be absorbed into other categories although it's nice to have some extra breathing space

Rent

Planned - 750$                       Actual - 700$

After last month's "big loss" due to 3 cycles falling in the one period. No surprises that this was under for the month

Restaurants

Planned - 265$                      Actual - 434$

Were over due to some fancy interstate and birthday dinners. If there's one category we see it's "okay" to overspend in it's entertainment and restaurants

Transport/Travel

Planned - 300$                     Actual - 622$

Costs went up significantly here due to some changes in the Sydney transport system along with car hire in Brisbane as part of a birthday trip. The Sydney transport is one of those "necessary" expenses to make a living and the birthday cost is one we're reasonably happy to incur

As you can see there's a sea of red here unfortunately. More on this later

As you can see there's a sea of red here unfortunately. More on this later

While the above chart is not idea, let's take a look at how to interpret your numbers:

  • Numbers can and will be deceptive. Look behind and at the where the expenses are going. If you're spending money on experiences with people, you're at least living your Money Glee
  • There are many different ways you can slice and dice. Will you look at overall categories or total spend and is it a lot of small purchases or a small number of big purchases
  • The best way to interpret your numbers is put data together over a couple of months. This is a thing we'll look to show you in upcoming months.
Become a student of your finances and your be the master of your spending plan

Become a student of your finances and your be the master of your spending plan

How was your October in numbers?

What are you looking at doing in the last 2 months?

We'll be looking to see more green in our numbers and hopefully plenty of green for you as well in the lead up to Christmas!

Thanks for sending your eyeballs this way and remember to Live your Money Glee!