Saturday, November 1, 2008

Had A Good Month Cutting Down Personal Spending

I get a personal allowance of $700.00 a month.  This sounds like a lot of money, but out of it I must purchase every single item that benefits myself personally other than medical expenses and getting my hair cut and my gym membership.   My go lessons come out of that money and my go books and go workshop expenses, technology purchases, clothing, magazines.

This month I made a special effort to cut down on expenses.  I allowed some magazine subscriptions to run out.  I cancelled my membership to Kelbytraining.com.   I resisted some technology purchases.

The one major purchase I made this month was a Bamboo Fun graphics tablet which I bought for $100.00.  But even that purchase was half the price of the larger tablet I really wanted to buy.

My frugality paid off and I managed to keep my spending under $250.00 for the month which allowed me to bank over $450.00 dollars.  

My purchase of an iMac last April brought my personal money account below $5,000.00.  I don't like to let it dip that low, and can't remember when it has been below $3,5000.00.  I like to know that I have the money to buy things when I want them.


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