I’m pleased with the total of my January expenses. One of my goals for the year is to keep my expenses below the level of a minimum wage income, which would be about $1274 a month. I managed to do that and even managed to keep my expenses well under my stretch goal of $1000.
My food expense were still higher than I would prefer. This is because I had fast food almost every single day. Fast food made up over $100 of the food total. My goal for February is to keep my fast food spending under $25 for the month. That should result in an overall lower food bill. If I have to spend a little extra to get healthy food that I actually want to eat though, I will do that.
Transportation was where I enjoyed my biggest savings. I went from over $800 last month to under $100 this month. I only had to fill up my car a couple of times and I didn’t have to spend any money on maintenance, insurance, or taxes so it was a very cheap month. Gas prices are going up and I have to make a trip to SW Missouri and back this month so I won’t be able to keep my transportation expenses as low in February. They still shouldn’t be much over $100 though.
Entertainment was also very cheap. I used a free movie gift card for a couple of trips to the movies and other than that I mostly enjoyed free entertainment.
All the other categories were about the same as the month before and will probably be about the same this month. It is a short month so maybe I can get my expenses under $800 this month.