December Expenses

As I am living at home, my Expense Tracker does not portray my average income and expenses over the year. My parents subsidise my living expenses dramatically as I don't have to pay for rent and bills. My only costs are personal which consist of the Humor Foundation, gym membership and a mobile phone. However, due to Sydney being expensive and living beyond my means I am in debt to my parents of $8500. Thus my repayments to my parents will be similiar to rent, bills and other living costs. I aim to create a budget where I will only spend $150 a week on personal expenses for living in Sydney which will include food, mobile phone, gym, travelling and miscellaneous. I don't know yet if I am being overambitious as every year I come home with debt so I shall see if I can create a budget by the end of the blog that can satisfy my personal needs without putting too much pressure on myself.


Education -29
Healthcare -54.8
Income +4178.09
Telephone -27.45
Food -43.75
Professional -18
Miscellaneous -172.6
Financial -3492.13
Charity -25
Gifts -583.52
Clothing -427.38
Computer -61
Personal -40
Transport -184.8
Holidays -375
Total -1356.34

This month I have overspent by a lot which is completely UNACCEPTABLE! This means I need to reevaluate my spending habits.

However a few expenses were due to the christmas period or paid for in advance. Next month my gifts column will be reduced dramatically as I will only have Mavis' bday to account for. Transport and holidays were flights I have paid for in advance and thus were one-offs. I will no longer have a computer expense as I no longer have a computer. However, I am looking into getting a laptop for uni. I need to evaluate whether this is a necessity or a luxury and whether my budget can accommodate it.

This month my healthcare is going to sky rocket as I need to go to the dentist and naturopath. These are necessary and important. I am lucky as I am under my father's HCF private cover as I am still a dependent as I am a student for and this will reduce costs for me. I need to research what I am covered for and what the different private covers are as I will soon graduate and will no longer be under my father's cover.