Each quarter I share a quarterly budget review of our spending so you can see the breakdown of how we allocate our money. It’s also great accountability for me and helps Dave and I to see how we are stewarding our finances.
Budget Review: January – March 2016 (actual spending)
What happened this quarter?
This spring I had the opportunity to offer two sessions at the Hemophilia Foundation of Michigan’s annual conference. I taught my nutrition basics class and my favorite workout, PiYo! I had so much fun, had a great turnout, and look forward to next year. Through this and another class I was invited to teach at a local public library, they brought in a fun paycheck. I can’t believe I get paid to do what I do.
Goodbye to staff writing
For the past 5 years I’ve been a staff writer over at Life and My Finances. I found Derek’s blog when I was fresh out of college, newly married and $30,000 in debt from student loans. I followed Derek for his simple and straightforward financial tips which led to him inviting me to write for him. This wasn’t a big time commitment but I didn’t anticipate my online business venture as a stay-at-home-mom-dietitian to grow the way it has been so I wanted to be diligent about what I spent my time doing.
This was one of our 2016 goals! We got Boflex dumbbells earlier this year which were a great thing to have for doing p90x3 and my current workout plan. We made the investment and now our basement has a bench, a squat rack, barbell, bumper plates, and pull up rings hanging from an I-beam. Dave did pass his Professional Engineering (PE) License exam (of course) so we put his bonus toward this! He works in a cubicle 9 hours a day so having this home gym has been such a great outlet for him and it will pay off quickly compared to both of us having a gym membership that offers childcare. These purchases fell under the Personal/Health category because we view it as an investment in our health!
Grocery budget oops
We went over on our grocery budget quite a bit in June because we threw a party for Dave passing his PE exam. Dave’s bonus covered the extra but that explains why the grocery percentage is a little higher than usual this quarter.
Sigh… without going into details because I don’t know cars- we had to replace some stuff. I am SO thankful my dad knows cars and Dave was able to help him fix it up. I had initially taken the car in for an oil change and something they said was wrong was going to cost THOUSANDS of dollars but of course, I phoned Daddy to hear his opinion to which he said it was an easy fix. It cost us $50…
We got a new pancake griddle and it now has a permanent spot on our counter top. I just love it so much. Why didn’t we get one 6 years ago for our wedding registry?? Other fun stuff- Nora got a puddle jumper (swim vest), Dave bought some drywall stuff for a mini project in our kitchen, we had some baby showers and a few other little things.
Also, this needs a paragraph of it’s own. Nora and Dave were walking to the pool together and he bent over to pick her up and ripped his swim trunks. Thankfully no one was mooned in the process. I guess his butt is getting bigger from all the weight lifting he’s been doing 🙂 🙂 🙂 Therefore we went shopping for another swim suit!
Well that’s it for this quarter! I’m not sure how many of you read this or benefit from it but it’s been super helpful for us to see where we are spending money so we can tweak our budget and make sure we’re staying on track.
How do you track your budget? App? Excel? Mint.com?