October Finance Chat

I’ve had a few requests to write some more posts about money, budgeting, and how I sort out my personal finances. I thought about it a little bit and decided that the easiest way for me to do this is to include a monthly ‘finance chat’, where I’ll give a general overview of where I’m at with my finances and what my goals for the following month are. I recently wrote up a savings plan for our trip the US next year, and it was a bit of an eye-opener for us. We are not the most careful people when it comes to spending money, but it was a wake up call that we need to start taking better care and stop being so frivolous when it comes to our finances.

November Goals
My goals for this month are mostly to assist me in working towards bulking up my travel savings fund. I have a specific savings account set up that accrues more interest than a regular account, and you’re charged for taking money out of the account. Works for me. My first goal is to NOT dip into my travel savings account for money to use elsewhere. This is to be for travel only, and the total should not go down at any point. I also want to try and cut down our weekly grocery shop (excluding fresh fruit and vegetables) to below $100. Currently we fluctuate anywhere between $150-$250 a week, which is just ridiculous. We can definitely do better in this regard. I’ve also implemented a ‘noodle night’ once a week, where we eat something out of the pantry that otherwise wouldn’t be set aside for dinner (ie: noodles). This is an easy way to save money, and also helps us work through the food in the pantry that can sometimes get overlooked and sit there for months on end.

I’ll be sure to check in again at the end of November and let you all know how I’m doing. I’d love to hear any of your goals for the month, and if you decide to include something similar on your blog please let me know!

8 Thoughts on “October Finance Chat

  1. Back when I had a steady paycheck, I used to portion off about 25% of it solely for travel. I hadn’t been into makeup then, so I didn’t really have anything I spent on besides books. Thanks for the reminder! I would like to put a little bit of money back into that account 🙂

  2. I love finance chats! Definitely do it more often. 🙂
    I’ve been on the 52 Week Money Challenge all year. I love my bags but realised that I don’t actually need that many bags a year so this year, I decided to do the challenge and save up to buy just ONE bag. It was hard resisting temptations to buy during the challenge especially when there were so many sales going on. But I’m going to stick to it and will be able to finally get one after Dec 31.
    Another way I save money that I don’t even realise I save is empty all the coins in my wallet at the end of each day. All the coins go into a biscuit tin. I hate carrying coins with me so whenever I have coins in my wallet, it goes into the tin. Whenever the tin is full, I bring the entire biscuit tin to the bank to deposit the coins. The first time I did it, whaddyaknow, I saved over $400 without even knowing it!

    • Jessica on November 12, 2014 at 9:35 pm said:

      Wow, $400 out of the biscuit tin must have been a real treat! That’s such a good way to save money without even realising you’re doing it. I’m definitely going to take that on board!

  3. Love reading this! We do okay at weekly groceries but love the idea of noodle night – we are pushing through all of the food in our pantry and fridge so it is bare before we head to the US next week lol. Now that we don’t have a wedding to save for I’m hoping it will be a lot easier to put more money aside for house reno’s, rainy days and more holidays!

    Btw, your floorboards are divine! (and Pepsi, of course)

    • Jessica on November 12, 2014 at 9:33 pm said:

      Thanks lovely! Having that travel motivation must have made it easier to eat the food out of the cupboard and save pennies where possible! I’m sure you’ll have a LOT more disposable income without the wedding looming overhead. I hope your Honeymoon is/was wonderful!

  4. Kimberley on November 15, 2014 at 11:39 am said:

    looove your finance posts – I’m so bad with money but I’m getting better! Something I only just did (which I should have done years ago) is set up a regular transfer from my bank account into a different one which is just for bills. They always come at the same time and it’s always a stretch so this will be a big help to me – as it has already.

Leave a Reply

Post Navigation