Week 42 – Spending Allowance and Debt Update

This is my first weekly stats update for awhile! I’m now in the 40’s weeks. The Debt Breakup has been around almost a year 🙂

To keep things simple, moving forward I will only be reporting on my expenses that come from my allocated ‘spending allowance’ per week. All other regular and fixed expenses are outlined in my budget here and automatically debited etc.

By tracking my spending expenses on these updates, you guys can see if I have stuck with my allocated allowance for the week! With all other regular expenses allocated, the spending allowance really will be the make or break of my budget if I consistently meet (or don’t meet) the target.

Spending funds allocated for Week 42 – $90.00

Actual funds spent for Week 42 – $102.35

$12.35 overspent – not too bad considering I wasn’t expecting to go to the lunch on Thursday

Monday: No spend.

Tuesday: No spend

Wednesday: $7.95 lunch

Thursday: $15.00 lunch (this was a work lunch which I kinda had to go too)

Friday: $10.00 lunch for bf, $12.95 gift, $4.95 card, $19.00 drinks

Saturday: $8.50 coffee, $11.00 shoes

Sunday: $13.00 breakfast

I passed my 2 spend free days per week challenge 🙂

Starting debt at March 2013: $14,774.12

Current Debt: $5,925.05

Debt paid: $8849.07 divided by 42 weeks = $210.69 debt repayment per week on average

One thought on “Week 42 – Spending Allowance and Debt Update

  1. morgaine80 says:

    I like the idea of having a weekly spending allowance, I may have to think about that one. Good job on the 2 no spend days! Awesome progress on the debt repayment, looks like you’ll soon be done! 🙂

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