Quarter 4 Review

This is my blog’s first quarter review!

I check in with my financials monthly and every three months to get a bigger picture of where my money is going and to see if I’m on track.

I’ve done all previous quarters, but I’ll instead summarize that into my year end review post (coming soon!).

Here is my Oct-Nov-Dec 2013 in review

Quarter 4 Total Average Percent
Debt repayment 1103.52 367.84 11.66% goal 15%
Savings 2326.02 775.33 24.58% goal 10%
Bills 403 134.33 4.25%  
Housing 2450 816.66 25.89% goal 35%
Transportation 354.43 118.14 3.74% goal 15%
Entertainment 647.55 215.85 6.84%  
Extra 1196.13 398.71 12.64%  
Life 683.03 227.67 7.21% goal 25%
Spending 9163.68 3054.56 96.80%
Income 9461 3153.66  

These reviews and the goal amounts are based off of Gail Vaz Oxlade’s guidelines. You can access her budget guide here.

Breakdown of my review:

  • Second column is the totals spent in these categories in all three months.
  • Third column is the average (totals divided by 3).
  • Fourth column is the total spent in that category divided by the total income for all three months x 100 to get a percentage.
  • Fifth column represents the benchmark for each category.
  • Debt repayment should be about 15%
  • Saving should be at least 10%
  • Housing and bills should be no more than 35%
  • Transportation should be no more than 15%
  • Entertainment, extras and life (I put groceries and personal care items here) all together should be no more than 25%.

Red categories are where I went over, or went too under (in the case of debt repayment). Green categories are where I saved money, or exceeded expectations (like in savings).

The goals represent a benchmark of where you should be spending, but certainly you can adjust those to what is relevant to you.

This was a great quarter for me, as I only spent 96.8% of what I earned. I also earned the most I ever have at $9461 including all gifts.

Spoiler alert, this was my best quarter of the year by far. But let’s just be thankful for the moment until I reveal the financial drama of the rest of the year.

Do you do quarterly reviews? How was your last three months?


One thought on “Quarter 4 Review

  1. Pingback: 2014 Quarter 1 Review | Prosperous Not for Profit

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