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March 2019 Monthly Budget

March 2019 Monthly Budget - Join me each month as I discuss my monthly budget. Although my budget remains the same, the goals change as does my debt paydown.

Last month we discussed how using a large monthly planner helped me to plan out my expenses, and that largely worked until I realized that I forget to track my subscriptions on the calendar. As a result, this budget has some rearranging based on paying my subscriptions. Also, I managed to get the second job and so I will have extra income this month. I am required to work a minimum of 10 hours at the second job so I will estimate this income at 40 hours a month to go towards savings. Anything above the 40 hours minimum will go towards debt payments.

Recap February’s Goals

Before we swing into the March Goals, let’s recap the February Goals.

  1. Get back on budget – Mostly happened. I had some unexpected expenses occur so I was only about 80% back on budget.
  2. Locate a second part time remote position – Located and currently working it.
  3. Change Car Insurance from Primary to Secondary PIP – Completed but the change in payment amount wasn’t as much as I expected it to be.
  4. Open an account with my local credit union – Didn’t happen. I don’t know if I want it to.
  5. Pay off one debt. – Completed. Although I must admit that “The Man” gave me the funds as apart of my Valentine’s Day present.

Mostly, I did well with the February goals. I am still learning to deal with unexpected expenses though. Getting the second job could possibly be the best thing I have done in a while.

March’s Goals

This month I am going to be focusing on building my savings, continuing to pay down debt, and keep track of my problem areas. My problem areas tend to be groceries, restaurants/fast food, and personal spending.

  1. Continuing to Build Savings
  2. Pay off Another Small Debt
  3. Focus on Problem Areas

Financial Goals

  1. Saving $1000 as a buffer for my checking account.
  2. Save months worth of expenses so that I can pay all my bills at the beginning of the month.
  3. Save months worth of expenses towards my Emergency Fund (One Year Worth of Paychecks)
  4. Pay off both credit cards
  5. Start saving toward retirement again.

You can see my financial goals for 2019 here – 2019 Budget & Finance Goals

Budgeting Tools and Methods

  • Methods – Zero Based Budget & Simple Banking Expense Envelopes
  • Tools: Simple Banking Expense Envelopes. Pocket Malden turned wallet for list. Mint to capture expenses and categorize
  • For other budgeting apps I often use, check out my other post – Budgeting Apps to Organize Your Finances
DebtBalanceAmount Due
Credit Card 1
$1107.96$154.00
Credit Card 2$2,736.38$239.00
Car Note$21,192.74$425.24

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March 2019 Monthly Budget - Join me each month as I discuss my monthly budget. Although my budget remains the same, the goals change as does my debt paydown.
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