Interested in my other money diary entries? Check them out here!
The last Money Diary entry was back in November 2019! I hate to admit it, buuuut… it took a quarantine to made me smarten up about my spending and develop better financial habits. I’ve been pushing myself every year that I will trim back, and actually start to save and build some savings account but “something gets in the way” (aka reckless spending) and it’s another year of just living paycheck to paycheck and shoving all my money back to my credit cards.
Well, needless to say, I no longer have any CC debt, and the only debt I have is my student loans that is manageable. I’ve gotten a better grip of my money, and started to really recognize where my money is going. I started to prioritize my Emergency Savings and Retirement accounts and ensuring I “pay myself first” after all my bills. I started a general Sinking Funds account and forcing me to save for items I want instead of relying on my credit card. I’m finally confident and no longer afraid to open my bank account or look at my CC statements. Overall, I’m just proud of my personal finance skills and management. When COVID is over, I plan to sit with some investment advisors to open some investments accounts.
So, how did I do for April?
Note – This does NOT include my monthly fixed expenses/bills (eg. rent, student loans, phone bill, Spotify, Netflix, etc). This is just my miscellaneous spending. I also want to note that there’s no groceries because Dan covers our groceries. I cover all the household subscriptions and majority of the entertainments and he covers our groceries.
Oh, I also transitioned into a digital planner! This budget planner from Boss Personal Planner is THE best. I’m no way affiliated with Boss Personal Planner but when I saw this budget planner, I knew I had to have it and it’s worth the price! I saw cheaper ones on Etsy but it didn’t have what I want in a budget planner. This one nailed it all and is what helped me revamp my finances. I couldn’t do with Mint anymore – so I’m surprised the “old school” way of tracking money is what worked for me.
Reflections? Honestly, not bad! I know, I have a lot of blue highlights for take outs but would you believe it if I said this is actually an improvement from previous months? Yep, I know. This is just my spending as well – there were a few other take outs than Dan covered. Given that we’re all locked indoors, my spending for clothes also went down (remember when I was addicted to Poshmark?) The Old Navy spending happened when I saw they had 50% off EVERYTHING and I was feeling down – plus, I also needed some workout tops.
Lowkey still annoyed at Obe Fitness, BUT I lived with it and made the best out of my $40. I went to cancel and they offered me $1 for the month of May and June which I took because I still need to exercise! But, the more I was using Obe, the more I started to enjoy it so I’m tempted to keep it. My Barre membership is $180/month + $15 ClassPass so I’m thinking of keeping Obe Fitness and up my ClassPass subscription so I can use both services for exercise and it’d still be cheaper than my barre membership. We’ll see how things play out after COVID.