I’ve got a lot to learn still about how I spend money.
Spending less doesn’t just happen as a result of setting a lower budget. I knew it was going to be tight this month when I set up the budget. I mentioned that in that post:
£1,634.40 is the lowest ever run rate I’ve set for personal expenses. I know it is doable because a lot of people in my position (and probably with more obligations than I) live on less than that. Up until now, I haven’t been able to do it. It will be a challenge for me. There are things I still want to do this month like getting back into working out at the gym and eating out with friends which all cost money. I’m going to have to take a hard look at all that I’ve got on and see where compromises can be made to meet this figure. I know for sure that if I do nothing, and keep living like I did last month, I certainly won’t be able to do it. But if I’m proactive and take steps to cut things or uncommit from things then it is entirely possible.– Nov 21 budget
Yet nothing is exactly what I ended up doing. I set a low budget but didn’t cut any expenses. In fact I kept living and making decisions in the same way I made them last month. So of course it was inevitable that I would end up blowing my budget.
It’s not enough to just set the budget, I need to be proactive about recurring expenses I’m going to cut and what extraordinary expenses I’m not going to spend on. None of the pre-planning happened hence why I find myself over-budget yet again this month.
I will have to think up an easier way to nudge down my expenses each month bit by bit.
Oh by the way, next month is Christmas—good luck with that.