Here is a breakdown of my expenses for August.
I’m very pleased with my expense results for August. If you take out the amount for debt repayment my expenses were well under 50% of my income. This is the kind of month I’ve been wanting to have since I started tracking my expenses. There were no unusual expenses this month such as car repair or dental bills like I have been occurring. Unfortunately I won’t be able to repeat this since I have a traffic ticket, car repair, and quarterly health insurance bill to pay for this month.
I’m going to try again to reduce my food bill. I was very close to my budgeted amount of $100 but I think I can spend less. A large percentage of my food budget is spent on impulse junk food purchases. If I can eliminate or reduce these purchases my food budget should go down plus I’ll be healthier. Since I work in a pizza restaurant I need to take advantage of the free food available to me and use that to satisfy my junk food cravings. Entertainment should stay low because I received a $50 AMC gift card for opening a bank account. Also I stopped seeing the woman I was dating so there won’t be any expense there. Debt reduction will probably also be less since my other expenses will leave me with less available to pay on debt.