T-Money Version 2.0: Week 2 Recap

Definitely very proud of myself for staying on budget this week and even UNDERSPENDING!  And that was partially due to me staying home this weekend and not touching my fun fund, along with smart spending on food 🙂

As you can see, I overspent in one area, Necessities, which is because I had to replace some toiletries (face wash, conditioner, etc.) BUT I won’t have to buy any of those things for the rest of the month (at the least) so that should help out a LOT.

Also, I saved just about $60 last week which is AWESOME. What am I gonna do with those savings? Well, 1. Part of it will be going towards the “fun fund” for this upcoming weekend since I’m planning to do on my first beach trip for the summer; and 2. Shopping!/School stuff – I have my eyes on a few things from Alloy AND I need to invest in a stylish big bag that can hold my laptop (and case) and whatever’s in my purse. We’ll see how that goes in the recap for next week 🙂

Don’t forget to check out my girl Nat’s chronicle of her budget on her blog, A Blogged Confessional, and subscribe to her blog as well.

See you guys next week!

Love and God Bless,

– T

T-Money Version 2.0: Week 1 Recap

Hey Guys!  So here’s the recap of my budget spending for the past week.  For the first week I didn’t do too bad but I did overspend a wee bit.

Like I said, overspent a little bit but didn’t do too bad.  I really do feel like I can do this again guys!  Especially with my shopping allowance 🙂  Oh, and in case you’re wondering how I’m keeping track of my budget:  1. http://www.mint.com ; 2. Saving ALL my receipts lol

Don’t forget to check out my girl Nat’s chronicle of her budget on her blog, A Blogged Confessional, and subscribe to her blog as well.

Stay tuned for all the T-Money Updates 🙂

Love and God Bless,

– T

T Money Version 2.0 **UPDATE**: Shopping Allowance added to my Budget

Sooooo….after discussing it with my fellow budget buddy Natalie (you can visit her blog, where she’s doing a phenomenal job of chronicling her budget experience and offers GREAT advice as she goes along, HERE), I realized that cutting out shopping cold turkey is totally not good for my health.  Totally. Not.

So I decided to just give myself a weekly shopping budget to which I’d have to stick.  I honestly think that would be just as hard as not shopping at all.  So my weekly Leisure Shopping Budget (and this is for clothes, make up, nail polish, things of that nature) will be $50/week = $650.  This brings my new total budget for the next 13 weeks or so to:  $3,600.

I’ve added all this info to my T Money Version 2.0 Post, so you can see all the OTHER details there, if you haven’t already checked it out.

Hope you guys are getting ready for a fun and responsible 4th of July weekend!

Love and God Bless,

– T

T Money Version 2.0

Hey guys!  So as noted in my last post, it’s about that time again.  I’m pretty much gonna be doing the same thing that I did for the last T-Money Challenge.  I will be “fasting” from buying certain things and trying to adhere to a strict budget for the next three months, until my birthday.  So here are the deets!

TIME PERIODJune 26, 2011 – September 25, 2011 (13 weeks)

BUYING FASTI will be refraining from buying:  clothes, shoes, accessories, beauty products, hair products.  The only time I will buy any of these things is if they need to be replaced or re-stocked.  I seriously do NOT need any extra products/clothes/accessories.  I need to leave shopping ALONE!  Pray for a sistah…

MY BUDGET

***UPDATED 6/30/11***
MAXIMUM SPENDING GOAL = $3,600 FOR NEXT THREE MONTHS
***No clothes, shoes, accessories, beauty/hair products for the next 3 months***
Food = $15/day (including groceries so I can bring my own food from home and also accommodate for going out to lunch/dinner every now and then)= $1,365 in 3 months
Gas = $55/wk (imma need to make that work)  = $715 in 3 months
School Stuff = $300 (for applications, etc, etc.) over the next 3 months
Necessities = $60/mo(toiletries replacements, restocks, grooming/eyebrows, etc.) = $180 in 3 months
Emergency fund = $300 (car breaking down, emergency trips, etc.) over the next 3 months
Fun Fund = $30/wk = $390 in 3 months
Leisure Shopping Allowance = $50/wk = $650 in 3 months
GRAND TOTAL = $3,600 with NO wiggle room

I just really hope that I can stick to it and not go over-budget at any time.

How do you guys make sure that you don’t overspend?  PLEASE comment and let me know.  Go forth, and SAVE! 🙂

Love and God Bless,

– T

T-Money: Week 5

LONG STORY SHORT:
Budget amount for the week:  $250 (+ Emergency Fund and School Stuff)
I spent:  $199 (+ $41 from School Stuff fund)
I Saved:  $51 this week
Total Budget Remaining:  $3,000

You guys, I have been SUPER busy these last few days with school and what not (gotta get my priorities right!  And I still got a ways to go with that….  I love all my readers…but I gotta honor this Peds Shelf!!!!  AAAAh!!!)

But yeah, as you can see, everything’s going well as far as both the budget and the fashion fast.  Still going strong and I hope you are too!

Love and God Bless,

– T