November 2013 Recap
Hey, friends! It’s the beginning of December, which means it’s time for the November recap!! I can hardly believe that we’ve made it through 11 months of serious budgeting and cutting back on expenses. What’s more: we’re even eager to continue our journey for 2014! We’ve cut expenses SO much this year compared to last year, and although I’d like to see debt numbers moving downward faster, they are dropping at a quicker pace than they were in the beginning of the year, so we’re going to be happy with that.
Now, on to the numbers:
566.47 on groceries for our family of six this month. This is our third highest month for the year, but still much lower than last year’s average of $900 a month. Thanksgiving and a general lack of budgeting after we lost our beloved kitty on the 17th contributed to our higher-than-normal numbers. We’ll see how December goes.
$190.08 on gas for my car. This is our third highest for the year too, again, mostly due to a lack of budgeting, but still lower than last year’s average of $205. December will net lots of family gatherings, so it’ll be interesting to see how the numbers look next month.
$151.25 on entertainment. Our second highest for the year, again largely due to losing Jeffy. We really did cast all budget cares aside last month in order to focus on dealing with our grief, and we’re okay with that. And this number is still lower than last year’s entertainment average of $175 a month.
$149.42 on pet costs and toiletries. This is much lower than our goal of $200, and an unexpected surprise this month.
We spent $68.10 on gifts this month too for a couple of birthdays.
Our electric bill this month was $111.20, a fairly good number for this time of year.
We had $159.63 in medical costs this month $100 of which is for our daughter’s emergency surgery earlier this year. We opted to make the interest-free payments as opposed to taking the cash out of our emergency fund.
We had $121.42 in clothing costs this month – all necessity stuff – no “just for fun” clothing. Being it’s the end of the year and we haven’t spent much on clothing, the kids really are starting to grow out of everything.
We had $844.64 in home repair expenses, due to the fact that we had to replace our refrigerator and also replace a heater in one of our outbuildings. OUCH.
Paydown on loan balances
CC #1: $70.12
CC #2: $180.40
CC #3: $47
Extra toward credit cards this month: $30
Total paydown on debt for the month: $831.69
Our total paid towards credit cards this month was $297.52. As I look back, I see that this number is on the lower side, even though we’re still putting extra towards our CC’s each month now, due to the fact that our minimum payments are dropping. Will visit this issue in December and figure out a plan of action. Maybe a minimum monthly total toward CC’s or something.
Total interest paid
CC #3 $0
Total interest paid for May: $1095.05 This is our all-time low for the year. At least we’ve got that going for us. We started out in January paying $1175 in interest payments. Looking to get this number down substantially next year.
Some more good news for November? My highest side hustle month ever. Woohoo!
So there you have it.
What do you think: How do the numbers look?
How did your November budgeting/spending go?