October 2017 Budget Review | ZERO BASED BUDGET

I feel capable. Earning money makes me feel capable.

I’ve worked for approximately 60 days and it has been very challenging to maintain my balance and find my stride with work.

This year of rest has taught me so much about what work really means and I don’t want to lose touch with those insights as I become healthier and more capable.

Hustle is so attractive to me right now because all I can think is Stacey, if you hustle for the next few months you’ll be out of this hole faster. However, I’ve learned that faster is always better. As a matter of fact, it’s almost never better because you miss the understanding that comes with learning things over time.

I’m happy-ish with the state of my finances as of today.

Given my financial position a month ago I can honestly say I’m happy-ish.

Mostly because of a month ago:

  • I did not earn income
  • I could not pay my own bills and expenses
  • I didn’t have as much hope as I do now.

My point here is every little step adds up. I count every single step of this journey as a privilege. I don’t know of any other place in the world where I could start over from a financial rock bottom. For that I am so very grateful. 

I am currently on Baby Step #1: Save $1000.00. My balance is $100.00

  • Starting Cash: $300.00
  • Debt Paid: $0.00
  • Income: $2,336.00
  • Expenses: $2,435.00
  • Savings: $100.00
  • Cash Paid to Debt: 0.00
  • Accumulated Interest:
  • Total Assets: 0.00
  • Total Liabilities: $208,453.27
  • Net Worth:

Important Goings-On in October

My financial goal was to earn $2000.00. I exceeded my goal by $336.00. This makes me oh so very proud. Next month I the goal is to earn $3000.00

I visited my hometown for 18 days. This trip had a major negative impact on my budget mostly because I ate my feelings.

My car was repossessed on October 31, 2017, and I’ll talk more about how this impacts my November budget as it happened on the last day of the month.

I fell in love in with Nola (aka New Orleans). I didn’t expect to have so many feelings about NOLA but I absolutely loved it.

Important Lessons Learned in October

Projecting my income works. I predicted last month that I’d earn $2000 and I exceeded my goal. So I’m projecting $3000.00 for next month.  

My budget is too tight for starting over. I wasn’t realistic with myself about how’d spend, what I needed and wanted for the month of October. So for next month, I’m going to give myself some grace so I can finish the year on a solid foundation.

Emotional eating is a real thing. I had no idea that eating my feelings could destroy a huge chunk of my budget but it did. Next month I going to focus my therapy on finding healthy coping mechanisms.

That’s all for October. Overall I’d say it’s been a swell (no one says swell anymore) month for me. Any month where I’m earning an income is a good month for me.

 

If you enjoyed reading this post you should definitely watch me talk about my October 2017 budget in the video below. 

Smile,

Stacey

 

Disclaimer: Honesty is awesome, so I share numbers and dollars in this post. I trust you’ll honor my honesty. Just so we’re clear, everything written here is based on my personal experiences + opinions. Not everything I say here will work for you, but I have faith that you’ll take the information presented and apply some of it to your own finances in a new and creative way.

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