mbitheh

The paper is a detailed analysis of my monthly expenditure, which has been grouped in different categories. I had initially set up a budget of One Thousand and Five hundred dollars per month, which was divided into Two hundred dollars for clothing, Three hundred and Ten dollars for food, Seven hundred dollars for household, Fifty dollars for medical expenses and Eight hundred and Thirty Three dollars for entertainment. The information that I can see in my spreadsheet shows me that my greatest expenditures for this past month has been household items and entertainment, and this is compatible with the fact that I just moved into a new home. While the entertainment and households expense looks big, it was actually due to the purchase of a television, as without that I only spent One Hundred and Fifty dollars on going out and having a good time.

Other than those two areas, the budget I had set for myself as part of my financial Goals continues on track, as I am careful to go out to eat only on occasion, and my clothing and food expenses are within the limit I have set. My short term spending goals are to eat out four times a month. My Short-term financial goal is to start saving Three hundred dollars a month starting in March, which will help me accrue some stability if one month I have a hard time. As for long term financial goals, I am currently looking into a possible investment that will not be touchable for several years, but that will reap good benefits in the end. I also plan on funding this long term goal with the money I am saving by sticking to my monthly budget.

The area I plan to change most about my spending habits for next month is the amount I spend eating at restaurants, as well as how much I spent on entertainment, as a trip to Disneyland is not an every month occasion. My goals have changed now that I am at the end of the month because now that the expenses of moving into a new place have been taken care of, I can get back on track with my more restricted spending habits. The strategy I have used so far for tracking expenditures has been successful, but I found a program called MINT that has a mobile app that will allow me to track it with even greater accuracy, as well as allow me to see my progress as the month goes on.