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July 2013 v. July 2012

August 3rd, 2013 at 06:42 am

Last month compared to the same month last year:
- income increased 21%
because my husband is now depositing a consistent amount from his business to our personal account each month
- expenses decreased 19%
because I am watching my spending! (biggest change - food spending! - I've always done meal planning, but I'm planning more with an eye to cost now)
- savings increased 298%
because we weren’t saving very much before (and we’re trying really hard to increase that!)

So overall, very happy!

Posted in Budgeting | 2 Comments »

2 Responses to “July 2013 v. July 2012”

  1. Wino Says:
    August 3rd, 2013 at 06:51 am 1375509113
    1375509113

    These are statistics that really matter. Not how much, but how much compared to a benchmark. I note your blog only goes back three months. Did you keep records like this before coming to SA, or are you reconstructing? There is no real point to my question beyond my curiosity.

  2. Buendia Says:
    August 3rd, 2013 at 07:09 am 1375510191
    1375510191

    Yes, I feel pretty that the comparison is important. I like data, so yes, I've been tracking our spending and earnings in an excel spreadsheet for a few years (before that, I also tracked, but the system for tracking wasn't as refined).

    My spreadsheet is yearly. I copy the previous year, keep the old data, and each month fill in the current data (which I track using Moneywell). That way I can see exactly how our spending compares to the previous year, and also I have a year's worth of data at any one time.

    Then in January I refine our budget based on actual spending and what may go up and what I can reduce.

    My idea of fun!!

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