December bills are now rolling in and I can finally add them to my FI spreadsheet to determine what 2017’s actual expenses were by category. With that I’ve made some budget envelope adjustments to reflect accurate annualized amounts. I’m currently in an experiment with my heating/electric bill which I will write a post on a little later so that category may have to be adjusted several more times depending on how far I can get it down. The below changes will begin January 2018:
|2017 Budgeted||2018 Budgeted|
|eat out||30||eat out||30|
|auto gas||45||auto gas||45|
As you can see 2018 will require a projected $210 budget increase. As per the goals outlined in my last newsletter I’ve added a travel expense category. The past year I’ve had to replace my water heater and a toilet and so the house-expense category will increase for standard maintenance. Until I started tracking this past year I really had no idea how much to set aside for auto maintenance and so this will be a new envelope in 2018 also.
Has anyone else found that they will need to adjust their budget in 2018? What will increase or decrease for you?