My monthly budget for my living expenses for a household size of one is $1,600. If you think this is a lot for one person, please note that between late 2011 to mid 2016, my monthly living expenses were approximately $3200, that’s a decrease by a whopping 50%!
Not included in this $1,600 budget are my savings and debt repayment funds. You can find that information tracked within my net worth updates.
Now, here is the breakdown for the month of September 2016!
Under budget categories
- Bills and utilities
- Personal care
On budget categories
Over budget categories
- Food and dining
- Miscellaneous expenses
Overall Budget: Total Expenses: $1,694 (+$94 over budget)
This is the first month I am exploring this new tighter budget allocation and overall, even though I went over budget by $94 (~6%) I still think it went relatively well.
I am currently working on some lifestyle changes for the month of October, that would put me back on track so stay tuned for that update!