January Finance Chat

And we’re BACK for another year of finance chats and just generally being financially responsible! Who’s excited? I know I am! I always seem to have a renewed sense of purpose with budgeting when a new year rolls around. Fresh start, clean slate, etc. December is nearly always an absolute blow out when it comes to the budget, so being extra strict in January is a great way for me to get myself back on track. Let’s check in with how I went with my December finance goals, and then make set some new ones for January.

December Goals
I think I did a good job of being ‘reasonable’ when it came to buying Christmas presents. I didn’t buy anything too extravagant, and stuck to the budget for the most part. I’d say I went over slightly, but nothing too crazy. I’ve reduced unnecessary spending, and haven’t really bought much at all for myself over the last couple of months. I did buy some more planner stickers though, but I had the urge and I had to roll with it. Everything else I’ve purchased lately has been via other people’s money in the form of birthday and christmas gift vouchers. I have not cut back on coffee, and really now that I think about it that was a stupid, unreasonable goal. Coffee is a necessity in my daily morning routine and I just have to live with it.

January Goals
– start using my monthly budget book (pictured above) to track finances for the month
– continue to put money into my travel fund, and only remove what is absolutely necessary for our trip down south at the end of January
– cut back on unnecessary day-to-day spending
– keep track of everything I spend for the whole month

And that’s it for January! What are your financial goals for this month/year?

10 Thoughts on “January Finance Chat

  1. Do you track your monthly spend with an app or do you just do it manually?

  2. Great goals! This year, I decided to cut back on beauty purchases (1 a month, basically) and unnecessary purchases in general. I think I’ve been good… at least compared to before. My financial goal is to a) work more = more dinero, and b) track my expenses to shame myself into saving. Haha.

  3. Hayley on January 13, 2015 at 3:00 pm said:

    Much the same we are trying to cut back again. Also for me to work a few days a week again enabling some saving after nearly a year of maternity leave. I would love more savings and more rainy day/ holiday money

    • Jessica on January 16, 2015 at 5:09 pm said:

      I know what you mean. I’m feeling a little bit stressed without my nice little nest egg! 2015 is the year to build it back up again!

  4. I really need to cut back on day-to-day spending on groceries. I do one big weekly shop, but find I always forget a few things, which end up being another $50 or so. It’s annoying and usually it’s silly stuff I could do without.

    • Jessica on January 16, 2015 at 5:09 pm said:

      I used to do weekly shops and made the change this year to a massive monthly shop. It’s made a big difference in the little ‘on the side’ grocery spending I used to do!

  5. I need to cut back as well, the overseas trip right after the wedding knocked us for a six in regards to savings and I’d love to be back on track sooner rather than later. Since my US haul I’ve been very good when it comes to beauty purchases, but I feel like a sticker haul is in my immediate future…

    • Jessica on January 16, 2015 at 5:08 pm said:

      I feel like I can write-off sticker hauls, because they help me plan and be organised. And the more organised I am, the less money I spend… Right?

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