December 2020 Budget Forecast / November 2020 Budget Review

November wasn’t terrible. To the numbers…

November 2020 Budget Review

This overage is a bit deceptive as it was actually “planned” spending on Christmas gifts. While I could have waited until December so that I didn’t have to count the “overage” in November, it made more sense to save money on some Black Friday/Cyber Monday deals instead. As of December 2nd, I only have two more relatively inexpensive gifts to purchase and then I’m all set for gift giving. While I resisted doing it at the outset of my debt repayment journey, next year, I may finally commit to creating sinking funds.

One change that did materialize in November was my expectation that my part-time paychecks would be much smaller now that I am no longer picking up extra shifts at other sites, and just working hours at my current site. I shared that I needed to do this to avoid additional “costs,” and I am disappointed to see that my monthly part-time income has declined from about $500.00 when I started to now less than $400.00. As I have shared previously, my employer really seems to like me and has reached out to reassure me that the renovations at the site will be completed by New Years day and that my hours should return to what they were. I still don’t know…

When I was in graduate school, I was working for a company that was paying me a miserable wage for what was expected (and they were super smug about it) and I finally decided I was finished and my time and skills were worth more. A very short time later, a new opportunity came along that paid me twice as much. While it was likely just coincidence, I think there is something to be said about appropriately valuing your time and making space for the market to respond…with help from a good gig search of course. I think it might be time for me to do that here.

December 2020 Budget Forecast

So the exciting news I shared on December 1st is that I made my three (3) month emergency fund goal of $5,000.00 and will return to aggressive debt repayment this Friday, with my first part-time paycheck for December! However, I know most eagle-eyed readers will immediately look at that “food, dining, gas, and miscellaneous” budget and say, “What?” Yea, I know. So this month is one of those months where I “know” there is “income” coming in from some other places as a result of some contract work and gifts (December is my birthday month). Additionally, I have quite a bit of time off this month that I will likely spend at my parents’ home where I will have to fight my mother’s inclinations to overfeed me. For that reason, I’m not really worried about overspending this month.

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