Saturday, October 10, 2009

Monthly Financial Report #2, September

It’s now October 8th and I have finally finished with tracking the September expenses, and we actually turned out to be under budget by 0.33%. Gas topped the charts again at 31% of the budget, followed not so closely by groceries and household expenses both amounting to 15% of our monthly spending. Gas at 31% of our budget came 5 percentage points more than last month!

I am happy that we have been able to spend less than 10 percent of our monthly funds on restaurant meals; I think this shows how we have been able to cut back, even on things that we really enjoy. Other key differences between September and August were: in August admissions were 17% of total spending but in September they were only 3%. Household expenses had the reverse situation where in August they were 2% but in September they were 15%. One of the reasons admissions was much higher in August is that we bought an annual National Parks pass, which we then got a lot of value out of September. I’m not really sure why household was higher in September, but will be watching it closely.

So far, we are just slightly under budget on a trip-to-date basis, but October is likely to be a very expensive month, mainly because of our trip to Churchill to see the Polar Bears.

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