This is my second month of keeping track of my savings for Asia 2017! Don’t get me wrong, I’ve been keeping track of my money for a couple of years now but back in August of this year, I decided to really focus in this area. This will help me make my dreams of Asia 2017 into reality when the time comes!
With a little discipline and sacrifice each month, I want to show you and me, that we can travel anywhere we want without neglecting our current responsibilities in life.
Alright, let’s see how I did in the first month.
What was my goal?
Last month, I wrote an article about what my goals were and how I would like to keep track of all my expenses.
To sum it all up, by June 2017, I would like to save a total of $6000 CAD for everything, including flights, medicines, visa, etc. With the little savings I already had and only 9 months left until June, each month starting in September 2016, I would have to save $570.
Did I save $570?
Sadly to say, I didn’t reach my goal. I was off by a mere $70, saving only $500 in September. Looking back at my expenses, I notice that I spent way too much eating out.
With my current work situation (working part time hours due to the bad economy), I would need to substantially cut this out for now until things get a little better at my company.
What expenses I can cut out
Like I mentioned, food was my biggest expense. I’ll be definitely cutting out those delicious hot wings from pizza hut and just stick to eating at home more. I do still live with my parents so this does make things a lot easier.
I also did have an unexpected expense that popped up. I bought my dad plane tickets to go to Toronto, Canada. He wanted visit his friend that he hasn’t seen in 20 years and I thought I would contribute.
Re-adjustments for next month
If I achieve my goal for next year, I know I must hit my target goal each month. September wasn’t a total disaster but I believe I can do a lot better.
By being off by just $70, you would think I would re-adjust each month for this missing money but since my work situation hasn’t got any better, I decided to keep it at $570 a month.
However, if my work does start picking up in the next few months (it’s possible), I’ll make sure I re-adjust my budget to include this missing money but for now, I’ll stick to $570.
With that being all said, I did reach my goal for my real estate account which is a bit higher than my travel account. Knowing that and the amount of hours I work in September, I am not stressing one bit over the missing $70. I did the best I can but I’ll definitely improve in October.
Follow me on this journey to Asia 2017! Make sure to subscribe to my newsletter and see how I do in October!