Wisedebther Weekly Spending 1/21/18-1/29/18

Well well well.. back to Monday. I spent a good deal of the weekend playing catch up with some work-related stuff. Although it wasn’t the most recreational weekend in the books, I sure did save a lot of $$ as a result. I also have my mom in town for a long weekend, meaning I’ll have plenty of leisure time ahead. My weekly spending is below:

In terms of categories, my highest expense was household, which consisted of a Target run to pick up some cleaning/house supplies. In my debt pay off, I’ve learned to avoid stores like Target, Walmart, etc, because they are spending ‘sieves’ . Money flows out of my wallet a little too quickly in those parts….EVEN when I make a list. I find its easy to rationalize “I need X, Y, Z”, particularly when it relates to household stuff. Now, I realize this is personal and perhaps the same way other people may feel in a clothing store, but for me its one of my weakness areas. $61 seems like a good chunk of change (and it is !), but back in my debt ignorance phase, I would easily slide into the $100 range. Small, little baby steps…

Food expenses were low because I had done my shopping on Saturday of the previous week. And “Funtivities” consisted of 2 coffee dates–both work related. One was for a meeting and the other was a Saturday pick me up before diving back into report writing.¬†Finally, Misc. was office supplies + postage fees.

An easy and simple week. Aside from tallying up my numbers I find there are other benefits to keeping track of spending on a weekly basis. Whenever I add up my numbers, I take a “deep dive” into my bank account statements. It serves as a reality check and keeps me honest. It also keeps me motivated to know where I will be in terms of cash flow once I’m debt free.

This leads quite seamlessly into my exciting decision. By March 1, 2018, I will be officially debt-free! Based on my calculated earnings, upcoming tax-return ( I still don’t know exact amount getting back), emotional comfort with where my emergency fund stands, I am ready to say ADIOS to my debt!

Thus, this next month I’ll be aiming to maintain/lower my expenses wherever possible. I envision using weekly spending for the next few months, particularly as I want to ensure I don’t have any unplanned spending spikes as I adjust to my debt free lifestyle. However, I’ll be frank, I don’t think daily/weekly calculations will continue to benefit me in the long-term. I want to find greater automation in my tracking. I’m not exactly sure what this will look like, maybe Personal Capital or something else. The jury is out on that one.

At any rate, I’m ready to get to watching some “Bachelor” drama. Wishing all a fruitful financial week ahead!