May’s budget update and goal review is going to be easy; I spent most of the month in my unpaid position of ‘beck and call girl’ for my mum, who’s been recovering from a foot operation. Nothing life threatening but it’s meant she’s been completely reliant on me and will continue to be for another couple of weeks. The time commitment has been a lot less than during the week she was in hospital but the distraction and frustration factors have been a little high… I have however, confirmed beyond any doubt, reasonable or otherwise, that I am most definitely not a patient person. Some people come by patience naturally, I imitate it by counting.
Related Post: Goals Review and April Update
May was another great month for sticking to our bare bones budget. It’s especially important we keep on track while large tracts of my time and attention are directed at family obligations rather than revenue raising activities. I’m going to tempt the fates here and say that things should be back to normal by mid June.
Related Post: Taming the Task Tornado
I’m happy to report in this budget update that we pretty much matched last month’s grocery spending. It could have been better but there were a couple of fast food sessions during the month. Regardless, we still managed approx $11 per day for all grocery spending. Also, the pantry still looks much the same as last month so we’re not living on money spent in previous months which is a happy surprise. However, I am making this an opportunity to use up those items that have been lurking in there for a while. I imagine that once we’re back on track, revenue-wise, the pantry will be much more streamlined than it is now. See, look hard enough and you can usually find a silver lining.
Given I now know for sure we can do better on our grocery spending, I’m aiming to report a less than $10 per day grocery spend in my next budget update.
Related Post: How to Slash Your Grocery Bill by 50%
The other main area of my budget that I’ve been specifically tracking is fuel spending. May would have been on target but a last minute trip to the city, which is about a three hour round trip (200kms/125 miles), meant I needed to fill the tank and add another $45 to my fuel spending, bringing the total to $122 spent on fuel during May.
I didn’t set any specific goals for May because, knowing the month that was ahead, I was fairly sure I’d fail them all! It was kind of liberating not having any specific targets to meet as my frustration levels were already high and adding extra pressure wouldn’t have achieved much of anything positive. I’ve set some goals for June though: Simplify, Streamline and Sell Stuff. Hopefully, I’ll be reporting success on all three in the next budget update and goals review.
The one goal I did mention for May was going to see Avengers: Age of Ultron at the cinema. I’m happy to report that I can put a big tick next to that goal. Loved the movie and the ticket was only $10.
Related Post: June Goals – Simplify, Streamline and Sell Stuff
Sitting back and working out this budget update is always enlightening. Sometimes, you feel like you didn’t do enough but, looking at the cold hard numbers can tell a different story. On the whole, I’m happy with our spending in May but hope to pare it back even further in June. I’m also hoping for a significant change on the revenue side of the equation so I can start putting money back in the bank!
How did your budget fare in May? Are there any specific areas you’d like to fix?
Image: Webvilla via Unsplash