nikita (hukuma) wrote,
nikita
hukuma

budgeting

I think I'm starting to get the hang of budgeting. I've finally cajoled Quicken into giving me a report that makes sense. The bad news is that we went overbudget for April, and we're a little overbudget this month. The good news is that the main culprit is unplanned wedding expenses, which will disappear in the long term.

Other than wedding, our biggest areas where we are overbudget seem to be groceries and dining out. I've started changing my eating out habits, so hopefully that will help. I'm not sure how to spend less on groceries; my current thinking is to try to track grocery spending more precisely, but I'm not sure if I'm up to keeping such detailed track.

My biggest breakthrough in budgeting was something that happened a few weeks ago, when I started making long-term plans. I realized that what matters is not how much you earn, or how much you spend, but the difference between the two. (And, most importantly, the sign of it.) This means that amounts that seem inconsequential when compared to our household income can still have a significant impact on our financial well-being. I stopped buying lattes after I figured this out!
Tags: budgets, money
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  • China!

    As usual, we left the packing to the last minute, since we were too tired to stay up and wait for the laundry to finish. We ended up rushing out the…

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    I left my house just after 7 to catch the 7:40 train to Brussels and eventually meet fanlain at Schiphol airport at 11. I made it with…

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