Daily Archives: February 10, 2012

Budget Attempt February 10 to February 23



First up, and most importantly, Judy is back! You can find her new blog here:


Thank you Rafiki for giving me the link!

One challenge pay period down, two more to go. I’m keeping a very keen eye out for Murphy, because I know he’s watching me.

Category Budgeted Spent Remaining
Mortgage w/ Taxes $610.00 $609.40 $0.60
RRSP $100.00 $100.00 $0.00
RPP $65.00 $66.63 ($1.63)
House Insurance $40.00 $35.50 $4.50
Car Insurance $35.00 $31.52 $3.48
LOC $400.00 $400.00 $0.00
Utilities $150.00 $85.72 $64.28
Internet $65.00 $65.10 ($0.10)
Phone $100.00 $98.02 $1.98
Fuel $50.00 $53.16 ($3.16)
Food In $70.00 $59.10 $10.90
Food Out $10.00 $3.35 $6.65
Bank Fee $15.00 $13.95 $1.05
Other $30.00 $8.96 $21.04

So far so good. I’ve basically told myself that I’m not allowed to spend money at all. That’s put a stop to spending on, well, almost everything. I’ll be honest, it’s stressful some days. It’s frustrating knowing that I currently have $400 going to debt every two weeks rather than going to me.

But if I thought the last budget was going to suck, this next budget is going to suck even worse…

Category Budgeted Spent Remaining
Mortgage w/ Taxes $610.00 $0.00 $610.00
RRSP $100.00 $0.00 $100.00
RPP $65.00 $0.00 $65.00
LOC $400.00 $0.00 $400.00
LOC Interest $50.00 $0.00 $50.00
Utilities $200.00 $0.00 $200.00
Fuel $50.00 $0.00 $50.00
Food In $60.00 $0.00 $60.00
Food Out $10.00 $0.00 $10.00
Other $50.00 $0.00 $50.00

I’m trimming this sucker as tight as I can, because I want to put $400 on my LOC and I don’t have any late shift premium on this paycheque.

Mortgage will be the same until next July when they readjust it due to this year’s property taxes. I anticipate it’ll be higher then, but at the same time I’m hoping to have my debt paid off before that.

RRSP is sticking at $100 for the next two paycheques until I’ve paid back 2011′s first time homebuyer’s RRSP repayment. RPP comes off the top of my cheque at work. It’s actually $66.63, but it’s just easier mental math for me to put down $65.

Utilities… this is where any wiggle room will come from. Despite my usage going down, the bill keeps going up. It was almost $180 last month, so I’m keeping this at $200 just to be safe.

I don’t believe my interest rate has gone up since last month, so my interest payment this month should be below $50.

Fuel is pretty much stuck at $50 – 8 round trips to work and 2 round trips to The Boy’s house.

I could knock $40 out of my food in budget by putting my produce delivery on vacation mode, but I don’t want to abuse it. I’d rather the vacation option be there when I really need it, and the longer I put it off the longer I’ll be in the program (joining meant signing up for a minimum number of deliveries). Basically $40 of this goes to produce, and $20 of it goes to everything else (mostly milk products and eggs). The last little while I’ve been eating more rice, lentils and beans out of my pantry. Actually, last night at work I had green lentils with salsa and chopped avocado for dinner. It’s quite filling, and between the protein in the lentils and the fat in the avocado it’s surprisingly well balanced. I’d need to add some rice to get a complete protein, but I get enough from other sources that I’m not concerned.

The food out is sticking at $10 just to cover any coffee shop trips with friends that may potentially pop up.

I’m going to try to not touch the other category so that at the end of the two weeks I can get the oil in my car changed. I got a coupon in the mail for a $39.99 basic oil change. I’m going to brush up on my car’s volumes first so they can’t over charge me for fluids; the change includes 5 liters of oil.

I can’t wait for this debt to be gone.

How are your budgets doing? Did you join Carla’s Low/No Spend and Decluttering challenge?

Recommended Reading: How I Managed to Graduate from University Without Any Debt.