This entire year has been rough when it comes to spending. There has just been a spend bug in my body the entire year. A lot of it is stuff I actually use – or services that make my life better. But as I want to FI, I need to find the areas that spark joy and truly do make my life better for the expense. One of these things has been fake lashes. I love them, but fuck they’re expensive. I go to a great woman, and I technically need a fill next week, but I honestly don’t know if I’m going to go. I should, but it’s so, so, so incredibly expensive. Ugh. And I’ve been into eye makeup more, and the lashes do kind of get in the way… I probably won’t go.
Anyways, what you came here for:
My August Spend Report
A Brief Note on My Expenses: I live with my boyfriend who charges me $550 in rent for rent/utilities/groceries. Recently, I’ve been into credit card churning and have been paying for groceries, Netflix, and Hulu rather than giving him $550 a month. I reconcile this monthly and carry forward any remaining negative balance. Some groceries I do pay for myself and don’t bill him (like if it’s part of a Target run).
I break my categories into Category1 and Category2, Category2 is a sub-category of Category1. I try to get as detailed as possible in my Excel budgeting model. If I go to Target, I break out every item. If I go to the grocery store and only buy groceries- I lump it all together, but if I buy household items, they get categorized accordingly.
Below is my August 2018 Spending, This is a Pivot Table in Excel. I’ve purposefully broken out Category2 for Certain Categories
This was a heavy spending month. I spent more than I have left over after I invest and save cash. $3,064 is definitely a lot of spend. Thankfully, most of that increase were due to unforeseen expenses (or foreseen, since I did have savings for them.
A few specifics:
- Annual There were a lot of gifts this month!
- My boyfriend’s birthday is next month. I bought him a very expensive, very nice kitchen knife.
- My mom needed a new purse so I bought her one.
- Our friend’s baby turned 1!
- Personal Care I spend a lot of money on myself. Mainly on beauty.
- High End Make Up stands out, Sephora had a 20% off sale so I got the < a href=”https://amzn.to/2LLRVLk”> Tatcha Silk Canvas Primer</a> . I also made a stop at Ulta because I needed more eyebrow pencils.
- Skin Care Stands out as well. Turns out I’m a sucker for everything Drunk Elephant. But in reality, I needed to refill my Vitamin C and buy a full sized Glycolic Acid . I had the mini, it was time to upgrade!
- I also decided to purchase a meal plan from the fitness trainer I’ve been working with.
- Transportation Car repairs
- This month I needed my oil changed. It also came with $800 in car repairs. A cracked radiator, something wrong with the gas fumes leaving the car (I reported it). It adds up. But I love my mechanic! and the 2003 Hyundai Sonata chugs along.
- This also came with ~$30 in Uber rides since I didn’t have a car for 3 days.
- <strong> Household</strong> New furniture!
- Although I’m not paying for it, my boyfriend bought a new coffee table and rug this month. We’re adulting pretty hard and this is definitely an abnormal expense.
- <strong> Business</strong> Buying Domains and Ads
- I started my venture into earning money online! Read that post here (if no link, it isn’t written yet 🙂 )
<h4> All of the Unusual Expenses added up to 40% of my monthly spend </h4>
<h3> Lessons and Spend for Next Month </h3>
September should calm down a little bit. Maybe. I’m anticipating getting my hair done, which will be anywhere from $200 – $600, depending on if I choose to get extensions or not. I’ve always wanted to try them and can fit them into my budget. I may or may not get lashes (eeek, what to do). I also plan on throwing a huuuge 25th Halloween themed birthday party. So shopping for that will definitely add up as well.
I should have fewer business expenses, although I plan to build up my Poshmark and upgrade this Website to WordPress business, which is another $200.
I have a feeling the rest of the year is going to be expensive. But as long as I keep contributing to my Brokerage, Roth, and Cash savings without skipping a deposit, I’ll be okay.