ABOUT MY BUDGETING

i started budgeting and saving seriously on August 2024. i want to reach my super duper ultra goal of retiring early so i can stay home and rot in bed allll day.

i live with my parents so i dont have a lot of living expenses

the cashed out category in my budget is cuz my sister uses my card to buy stuff and pays me back in cash. i dont put it back in my account so i still consider it a loss.

Most Recent Paycheck

$2,161.79
$281.2 into 401k
$1,400 into savings
$761.79 into checkings
OCTOBER BUDGET
Shopping $520
Groceries $150
Cashed Out $80
Eating Out $120
Car $120
Going Out $50
Subscriptions $7.49
Gifts $150

My monthly base income is $4,922.
$592 is contributed into a 401k.
This leaves me with a take home of $4,330.
I plan to put $3,131 into savings.
Thus, this piechart represents the $1,199 I have left to play with!

SPENDING GOALS
Future Planned Expensive Purchases
$0
$1,200 iphone 15
$0
$500 sewing machine

Short-Term Savings Goals
$6,290.77
$7,000 roth ira and traditional ira
$1,000
$17,000 emergency fund

Long Term Savings Goals

I would like to start saving for a house and retirement after I build more savings... I also just dunno how much i want in here yet

SEPTEMBER COMPARISONS
LAST MONTH SPENDING

Shopping $641.77
Groceries $116.76
Cashed Out $50.18
Eating Out $151.87
Car $109.02
Going Out $113.66
Subscriptions $7.49
Gifts $55.04
PROJECTED BUDGET

Shopping $507
Groceries $200
Cashed Out $181
Eating Out $150
Car $155
Going Out $80
Subscriptions $7.49
Gifts $18

My monthly take home income was $4,792.
$579 was contributed into a 401k.
This left me with a take home of $4,213.
I put $3,031 into savings.
Thus, I was left with $1,182. I budgeted out $1,299 to spend in comparison.
I spent a total of $1,243, which put me $55.22 under my budget but $66 over what I earned this month... oopsie...

COMMENTS:

I spent wayy over my shopping budget in order to pay back that Klarna debt I took on with that Urban Outfitters haul early ($154), so I guess without that I would have stayed under budget?? Even so, the fact that I earned less than I projected is something I never really considered until now. I have a lot of padding in my checking account to accomodate for that, but if I continue 2 earn less than usual that will eventually run out. I guess thats a lesson that even though I have a set maximum budget for a category, that does not necessarily mean I should be hitting it.