The Saving Advice Forums - A classic personal finance community.

Social events/eating out killed my budget this week

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Social events/eating out killed my budget this week

    ...or rather, I should say, my inability to control how much I spent during these outings is what killed my budget this week (gotta take some ownership here)

    Event 1 (5 days ago): Friend in town for her birthday
    $30: card and gift
    $12: paid for my friend to valet her car since she picked me up and drove
    $10: alcohol
    $60: dinner (yes, $60...and it should have been less--why does it seem I always pay more than my share in big parties??)

    Event 2 (2 days ago): Ex boss visits from out of town on business (and it happens to be her bday too)
    $10: card/gift
    $30: dinner
    $15: drink @ bar #1
    $15: drink @ bar #2

    I also had another friend in town for a wedding one day after Event 1. She wanted to go out for brunch, but thankfully her hubby overslept so we skipped the brunch thing.

    I'm going on a cash budget for entertainment/dining out/etc next month. Looking at the above, I spent almost $200 going out just 2 times!! Ideally, that would be my budget for the entire month!

    At least now I'm making strides to comb through expenses like the above with a small tooth comb...it's becoming obvious that going out can put a major dent in the budget. I think I need to do better at controlling what I spend...for instance, at Event 1, I should have passed on buying my friend a gift or gotten her a cheaper gift. And probably should have not had any alcohol. I didn't know she was going to be here until 2 days before time.

    Event #2: Should have skipped one of the drinks, I guess.

    Anyways, I think by writing these things down and using cash for a few months, I'll get a better handle on how much I'm spending on "outings". What REALLY sucks is that I really didn't get much food for what I paid for, and it didn't even taste that great

  • #2
    I love that you are fessing up and declaring your overspending to us. I think that is a good first step!

    Comment


    • #3
      You're definitely on the right track to get control of your money - tracking your spending and using a cash budget.

      Most people (excluding this forum) can't even tell you how much they spend on food each month. Once you can answer this question, and it's within your budgeted amount, you'll be in good shape!
      Current Status: Traveling North American in our 1966 Airstream. Check out the remodel here.

      Comment


      • #4
        I have the same problem for this paycheck. My friends and I bought a groupon that was expiring this month so we ended up using it this weekend...and of course I had to buy a round of drinks afterwards and buy dinner and I end up spending 40 bucks for one night, and that's not including the 20 bucks I had already spent on the groupon. Ughh...that's the last time I ever suggest buying a groupon to save money.

        Comment


        • #5
          Good on you for acknowledging to yourself that you blew the budget and it wasn't part of the plan. The awareness helps prevent your repeating that in August.

          Comment

          Working...
          X