My goal on this blog is to be as honest and transparent as I can. (Within the realm of safety, that is.) So, even though this is a post I hate to write, here’s our horrible financial update for the month of March.
You might remember this post where I told you that our lives had gotten so extremely busy and crisis-filled that we have taken a break from our major get-out-of-debt push. As an unintended consequence of that decision, we evidently decided we weren’t going to worry about our spending AT ALL. As a result:
Some notes on the chart (otherwise entitled “Why It’s Not Quite as Bad as it Looks”):
- We had $700 budgeted for groceries (a difference of $240 excess spending)
- We had about $200 budgeted for restaurants (a difference of almost $700)
- Extracurricular includes ballet and baseball – this was a big month for baseball spending
- Entertainment included a budgeted $400 for a new iPad. The other $400 was un-budgeted spending
As you can see, we had a fun month! We did some fun things with the kids, bought some fun toys, and basically just “coasted” through the month of March. I ended up with a couple of questions:
- Where the heck did we get all that money?
- How do we keep this from happening next month?
My first course of action was to label all of our spending (hence this blog post). My next course of action was to send my husband this instant message:
We agreed that, after the budget is approved for the month of April, there will be no extra spending unless we both agree. (And since I know I’ll have to write another post like this next month, I’m thinking I’ll have some motivation not to spend any extra money in April!)
So, are we the only one who have months like this where we completely blow it? Come on…be honest!