After balancing my final account, I've been waiting on the statement, the numbers are in. Sadly, overall I spent 14% more than the previous year( 2020).
First, my savings accounts increased by $6789.87; liabilities went up by $2400.07. Last month I used the CC for dental work, I'll be paying it off this month, I wanted to use the CC for points, that equal cash.
I paid off $15,429.81 in student loans; decreased the mortgage by $3455.10, and my net worth increased by$2306.14.
Where I spent my money the most was student loans, up 269% (payments); entertaining, up 101%, I bought season tickets to football games, dental up by 125% and personal care, up by 86%, I started back going to the salon and I'm now cutting this out, so my personal care line item should decrease. Clothing was also up, 26%
I didn't see much decrease but the mortgage decreased by 7%, auto registration was down by 9%, cellular down by 9%; and miscellaneous spending down by 4%
Looking at these numbers really put things in perspective. I'll admit, I lost focus in June and hadn't started budgeting again until December.
Some things I'm doing to ensure this is a better year:
- Started the cash envelopes back up
- Started budgeting again
- Cutting my salon visits
- Will not buy season tickets to the games this year