Kumiko Love Instagram – Today, I closed out my February budget and started my new tracking period for March.
Here is a breakdown of the steps I completed to close out my budget:
1️⃣ Unstuff my cash envelopes and figure out what I want to do with any cash that is leftover
2️⃣ Update & total my spending for the month
3️⃣ Fill in the “Actual” column on my budget
4️⃣ Fill out my “Where Did My Money Go?” worksheets
Here is a breakdown of the steps I complete to start my new tracking period:
1️⃣ Print and make my cash envelopes
2️⃣ Go to the bank, get my paycheck, and pull out cash for my cash envelopes.
3️⃣ Prep & start new expense trackers
4️⃣ Stuff cash envelopes
5️⃣ Make online transfers for different savings goals
6️⃣ Stuff savings cash envelopes and update savings goals binder
For some, this seems like a lot. To me, it just looks like peace of mind and security.
I love closing out my budget, even when I don’t want to see my spending for the month in some categories. 🤣
I also love starting a new tracking period because it feels like hitting the refresh button. It’s another opportunity to take what I have learned and make better decisions and more progress.
What do you struggle with the most when it comes to closing out your budget for the month?
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