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January spending

I finalized all the tracking for my January spending, and I'm pleased to report that I am right on target. I way overspent in a couple of categories, but made up for it with spending shortfalls in other categories.

Here's a brief:

$0 (paid first and last in December)
Food/House (budgeted $200) $150.68
Apt./Car insurance $96 (on target)
Car gas/oil (budgeted $70) $152.31 - way over, due to an oil change and two trips to the big city (an extra 600 kms)
Phone (budgeted $90) $121.05 - way over, because I wasn't watching my daytime minutes over the xmas holidays
RESP (budgeted $40) $39.20 (on target)
Life insurance (budgeted $49) $48.73 (on target)
Misc. spending (budgeted $100) $310.10 (sickeningly over budget, but the Kiva loan is in there)
Line of credit (budgeted $500) $500
Credit card (budgeted $100) $48.57 - under budget, but I used $47 to top up my RRSP account
Emergency Fund TFSA (budgeted $800 from rent not spent) $1000 - proudly over budget!

Total spent $2914.29 ($918.72 in expenses and $1995.57 in savings/debt reduction)

February goal: $1440 expenses, $1050 savings/debt reduction

Karissa Dee


  1. WOW! $1050 in savings/debt reduction is really impressive.

    Hope you didn't have to scrimp too hard to do that, although that fist/last month's rent thing must've helped :)

    Fabulously Broke in the City

    "Just a girl trying to find a balance between being a Shopaholic and a Saver."

  2. Awesome job!!! You are so lucky not to have to pay rent for a month. Good luck with February!!!

  3. This is espcially good news since we're talking December. I hope the rest of the year works out well too!


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