Can you believe we’re already half-way through January already? I swear the older I get, the faster time goes. When we first began the month, I shared our January 2019 personal budget with you. Now, half-way through the month, it is time to update you on how we’re doing. My goal in sharing our personal budget with you is to help you see that everyone struggles from time to time. I want you to learn to celebrate your own victories while learning from your struggles right along with me. As you read through our financial wins and losses this year, I highly encourage you to learn how create a budget that works for your family and to work along with us!
This month has been a month of repairing our finances so far and I have to say, I am extremely proud of how we are doing! We are on track to not only re-build our baby emergency fund – otherwise known as $1,000 – but we’re also on track to double that! If you are currently working to stop living paycheck to paycheck or are in an even worse financial situation, I can not express how rewarding it feels to see those numbers back in the green! It is well worth the work involved!
Our Personal Budget – January 2019 Budget
Before I get into things, I want to say a couple of things to you; if you are one of the 800,000 government employees who are currently out of work, there are things you can do to help yourself. You can learn how to create a crisis budget to help you scale back to what is truly needed and what isn’t. You can learn how to build a stockpile on a budget to help you prepare in case this goes longer. Don’t simply sit around and wait for money or luck to come to you. Once you’ve done those things and you’re back on solid ground, make certain you take the steps to safeguard your family against the next financial crisis you’ll experience. Don’t get caught unaware again because there absolutely will be a next time.
With that said, at the half way mark for January, all of our bills are 100% paid. In fact, even February’s rent is paid so we have a head start on next month’s expenses as well. If you’re wondering why we still rent; the answer is simple. We have not found the place where we want to plant permanent roots so we have not purchased yet. We are hoping our upcoming planned move to Wisconsin will fix that little roots issue.
January 2019 Budget Update
As I said, we are on target to put a minimum of $2,000 into savings. When I first did our January 2019 budget, we were unsure as to how Steve’s checks were going to fall. It looks as if he is going to end the month right around $3,000 instead of the $1,000 that I originally had budgeted. It isn’t a great amount of pay for the work he’s doing, but considering he is working for a new company; we will take it.
We are also working very hard this year to meet our 2019 financial goals (Six Dollar Family). The goals we have set are pretty high ones so we are doing everything we can to slash our expenses and save as much money as possible. Not only am I doing these updates on our budget, but I am also showing you exactly how we are living frugally in 2019. You can check out the two posts I’ve done so far if you’re interested: How we are living frugally in 2019 – Week 1 and How we are living frugally in 2019 – Week 2
Grocery Budget Oops
The one “mistake” – if you could call it that – that we have made this month is in our grocery budget. We are going to end the month close to $150 over budget. I am okay with it though since the overage was caused by a Prime Pantry sale I came across. I used this sale to stock up on things we needed and things Steve needs on the truck. Even though I will go over budget this month, I will save significantly over the next few months. It was a fair trade so I am not counting it as a total oops or loss.
If you’re interested in the Prime Pantry sale I found and how to get the best deals, I typed up the details for you in THIS post.
All in all, I am thrilled with how our January budget is shaping up. It is such a relief to know that our emergency fund will be – at least partially – rebuilt in just a couple of weeks.
How is your budget going for January? I hope it’s going well for you!