Question

Time to Check In Tuesday How did January budget end up for you?  

Answer 1

After a whole year of budgeting, January of 2020 I finally switched to cash envelopes. I see the hype now.  

Comments

@powel where you use cash for your budget categories instead of swiping you debit card.  

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@powel I actually get direct deposit so I pay all my online stuff first and then with what’s left I pull out cash and stuff like my food and gas envelopes. You could probably look up cash envelopes in the group search bar, there’s other posts if your interested in learning more. Or you can check the budget mom on YouTube. She goes over all her budgeting stuff there too  

Answer 2

$121 rollover and extra in savings!  

Answer 3

Excellent. Paid all bills on time and paid $820 cash to my honeymoon!  

Answer 4

I paid all my Bill's and other expenses without using credit and caught up a few that were past due. I said it was a win for me

Answer 5

All of my January bills were paid. Did not have enough left over for cash envelopes so I just made work with what I could and what I had. But we're getting somewhere. little by little.  

Answer 6

We spent less on takeout, but still have room for improvement. Groceries was over $50. We paid off a little over $1800 in debt. Not bad for the first month of tracking everything and being intentional with our money!  

Answer 7

No overdrafts, bills paid and started savings. BIG win for me!  

Answer 8

Not too bad. No extra debt payment, but was able to pay for my sons hockey!  

Answer 9

Saved $3010 plus $100 from the January challenge! And was also able to put $865 in my sinking funds  

Answer 10

Total wipe out and didnt realise it, we thought we did ok. I was slack and didn't track for half the month so when I caught up it was an ouch.  

Answer 11

Ugh. I over spent, over ate and I’m very disappointed with myself. I’m hoping I can make some headway in Feb. I haven’t even looked at my budget yet.  

Answer 12

Stayed on budget at Disney world  and paid almost $1600 in debt!  

Answer 13

For the first time in 6 months we were under budget on groceries! And over 1000 to debt! Hoping to keep this trend rolling!  

Answer 14

Was able to save about $80. It’s not much but considering I’ve been overspending every month for the past 5 months, I’ll take it!  

Answer 15

I discovered exactly where my money goes every month. Too much if it was spending & eating out . I was still able to keep up with bills, but wonder why my savings weren’t where they needed to be ugh.  

Answer 16

I gotta say I don’t think I’m closing out right lol but I’m learning. Overall I have saved! I stuck to my budget and put a little extra into my debt so I’ll call it a win

Answer 17

Better than last month, but still a ways to go lol

Answer 18

I ended up being over budget due to unexpected car repairs that we were unable to cover

Answer 19

A close one. But did ok.  

Answer 20

Amazing! I also saved $1000. 00!  

Answer 21

Not so Good Stuff: - Had $147 unexpected expenses - Had to pay $148 for a dead battery - Some bill's higher than expected - 1 zero-balance credit card closed due to inactivity which I would have preferred had not happened. Good stuff: - Had funds in car maintenance to cover dead battery - Some bills lower than expected - Saved $1000+ in account buffer - Saved $390 from cash categories for jolly challenge - Sent $442 additional payment to debt - Total debt balance (consumable debt + mortgage): Reduced by 2. 95% - Consumable debt only: Reduced by 7. 02%

Answer 22

Went okay. Could've been better. I spend too much on eating out . On a happy note. I have my emergency fund and savings acct ready to go. I'm following through on my sinking funds-which was really hard for me. I was soo nervous transferring money into those accts but i did and feels good that money will be there ready when i need it.  

Answer 23

We just need to fine tune somethings for our budget and spending habits. But we will get this working for us. We will get out of debt before we know it

Answer 24

I got it done. I’m proud of myself. Numbers aren’t great. Always room to grow. Woot!  

Answer 25

Little bit overwhelmed  

Answer 26

Under budget! Saved $89.  

Answer 27

It would have been better if I didn’t double pay on one of my fees I owe BUT at least it’s paid ‍♀️

Answer 28

Overspent on Groceries. As usual

Answer 29

Paid $2330 on our last debt!  

Answer 30

January was awesome. February.  

Answer 31

January went very well  February is looking harder

Answer 32

Went good. Our income was lower this month so we didn’t partake in the savings challenge. BUT I started a full time job and also have a very successful side gig of making farmhouse furniture. So here’s to February

Answer 33

Okay. Just had to use some of my emergency fund

Answer 34

We saved a little but a little is better than none!  

Answer 35

We saved a little, but it’s more than what I would have saved if we weren’t doing the savings challenges  

Answer 36

Discovered lots of $$ being wasted! Developed a budget and gonna stick to it

Answer 37

We were able to pay all bills and debt. We paid $1600 on debt only used the credit card once but paid it back next day. Put some money in sinking funds like auto insurance. But we spent way to much money on groceries $1699.  We are going to give up home chef food delivery to expensive. At least we got good recipes to use now.  

Answer 38

Made a budget, paid off a credit card, saved an additional $300, now trying to figure out how to budget while on short term disability

Answer 39

Missed 2 weeks of work due to surgery- surviving off of $300 is barley possible  

Answer 40

We did pretty good! We paid all our monthly bills and all the quarterly and annual bills that were due in January. Plus we cut back on groceries and tried our hand at meal planning. We went into February with a lower debt number and ready to do it again!  

Answer 41

Paid off 3 debts‼️‼️‼️‼️ Onto the next! Oh & my credit score went ⬆️ a little  

Answer 42

I spent waaayyyy too much money on food, but I’m thankful I was able to track my spending so this month I can put a reasonable budget together. Looking forward to February budgeting!  

Answer 43

Saved a little . not bad not great

Answer 44

Have 26 dollars until payday. The 10th. ‍♀️ I need more time in my day to work on budget.