Test of Faith

This weekend was the first of many tests financially. I must admit that I didn't spend TOO much money! I splurged on a few drinks (non-alcoholic of course) here and there...it was HOT! (100 plus degrees) so what the HECK! There were festivals and huge block parties in the city. I wanted to buy everything! Then, as I was sippin on my last drink (some fruity lemonade); I quickly remembered how buying little in-expensive things add up. So...so fresh in my mind a few days ago (May) I had no money and no money saved. Besides, I spent a lot of time and effort on my budget. I have to be faithful and true to me!

Yaaaay! I created a Budget!

Finally, the budget is finished! It may not be official, however; as I stated in previous posts it will be a work in progress. Furthermore, the time I had to create the budget was used wisely. I believe I a constructed a realistic budget that will allow me at least one of my favorite drinks per month (Passion fruit bubble tea) Mmm...Delicioso! Please take a look cause I'm on my way!

June 2008~ My First Budget

Rent $300
Nah’s Tuition $500
Utilities $35
Health Insurance Premium $132
Cell Phone $130
Gas $80
Car Insurance $130
Phone/Internet $24
Dinner/Lunch Out $60
Tithes $40
Clothing $60
Laundry $20
Entertainment (Movies, parks, videos) $60
Education (Tutoring, School trips) $60
Gifts: Holiday, B-Day $20
Groceries $150

Savings

Just in Case $ Account $25
Nah’s College Account $25
My 1st Home Account $25
I Need a New Car Account $25
Getaway Account $25

Total: $1901

Budgeting~Work in progress

This morning I decided to tackle a few of my issues full force. Budgeting! Uhh!!! The word makes me cringe...more so because I know it will be a long project similar to a unsolvable math problem. However, I'm sure I will feel rewarded/successfull once I get budgeting on a roll. I'm ready to buckle down and get serious about money and my future...healthy financially! I have a problem with splurging; so, at this very moment, my bank accounts are dangerously thin and that's scary. I lose sleep at night as I think about how much I do not save or budget daily. I remember my parents stressing the importance of having "Just in case money." You know the money you are suppose to save before an emergency occurs. Well, my current "Just in case" balance is $0. I really want a piece of the American Dream- a house of my own. My sacrifice will be many things during these next months/years.... It's ok! I'm wit it!