All in Monthly Check-in

Struggling...

My last post was pretty positive despite being about spending. Today's is also about spending but it isn't as postive.

I'm starting to get really down on myself because of how May is going. It's not going well. I'm on track to have to take $1,000 to $1,500 out of savings to get through the month.

April 2017

I'm trying not to be disappointed with April 2017. I spent less than I did over the last 15 months and I managed to double my average savings rate 31.8% for the month vs. 15.5% monthly average since January 2016. I was able to put $200 aside to contribute against my 401(k) loan (I can only make additional contributions of $1k or more per my 401(k) plan documents). I wish I spent less on restaurants but that will be a focus for May along with continuing my success with buying less.

Let's take a look at how I did:

Buy Nothing Month

I declared April Buy Nothing Month. The definition was pretty flexible. I would buy groceries and household necessities but I wouldn’t buy anything we didn’t need. There were a couple things I purchased that I wouldn’t call necessities but I think I did pretty well overall.

Historical Financial Data - 2016 and Q1 2017

I read Your Money or Your Life many years ago but I remember that it started with an instruction to first take a look at where I’ve been before I start focusing on the future. I have all my financial data in Mint so I took a snapshot of my assets and my debt for the past two+ years. I also reviewed my expenses but that will be another post.