I mentioned recently that hubby and I are thinking of investing. To prepare for that big financial leap, I've signed up for Expense Register. I know I could've used Excel but I'm on a new MacBook and I don't have Microsoft Office programs yet so I just looked for a budgeting tool online.
Anyway, I figured if I knew where all our money is going, I can pinpoint where we overspend, cut that and funnel it to investing instead. Well, lemme just tell ya, we're spending too much on food!
A huge part of our money goes to meat, veggies, bread, milk (a LOT of milk!), fast food deliveries, cookies, cakes, Coke, etc etc!
The "Other," which is the next biggest piece of the pie, is actually gifts and donations, tips for waiters and delivery boys, and the kids' vaccinations. So we're a generous family. But seeing it on that pie like that makes me want to stop giving gifts! Or just stop eating out and ordering in so we won't have to tip!
The "Personal" slice covers shopping for clothes, shoes, haircuts, etc. But for this particular month, that meant our life insurance policies. Hmm. Maybe I should put insurance policies under another category.
The "Recreation" slice is only huge because this month, we spent a lot on Vito's birthday party. Normally, recreation is books, movies, travel. Since procreating, we've not been recreating (sigh!) so normally, we don't spend a lot on leisure stuff anymore.
So now I'm wondering where I can shave off money so we can invest in mutual funds or stocks. Gifts? Service tips? Dining out? Ordering in? Chips and candy? Coke? All of the above? This is driving me nuts! I don't like budgeting at all!