I had hoped to post this in October, but that didn’t happen, so I am squeezing in our spending summary for Q3. Here are our spending reports for Q1 and Q2.
One thing I learned this quarter is that your FSA (Flexible Spending Account) is your friend. The jury is still out if – or how much – the FSA account is actually saving us on taxes (I’ll let you know next spring when I file my tax return), but it helped me realize that I was charged a copayment at the doctor’s office that, according to my health insurance benefits, I didn’t owe.
When the automatic reimbursement from my FSA didn’t come through, I investigated why. I called our insurance just to find out that we didn’t owe the copayment, and then I called the doctor’s office to get the money reimbursed. I wouldn’t have known if I hadn’t been waiting on the FSA reimbursement.
I am sure I’d have gotten the reimbursement eventually, but it could have been months before the billing office reconciled their records. (I know this, because we did get one reimbursement this year that was from doctor’s visits back in 2017 and 2018, before we had an FSA).
So,let’s dive into our spending for Q3. I pulled this handy pie-chart out of YNAB* (well, actually the pie-chart was done in Excel, but the report came out of YNAB.) Our overall spending was actually up over the last three months compared to Q2 of this year.
I have more subcategories that I track separately in my budgeting software, but I consolidated them a bit for the purpose of easier visualization.
As a reminder: these are percentages based on money spent, not based on my (take-home) income.
Home (36% was 44% in Q2) – The spending for our (rental) home now includes rent, utilities, household items, and rental insurance. We actually spent a little less in actual dollars on this category over the last few months, which is reflected in the percentage.
Groceries (16% was 15% in Q2) and Dining Out (11% was 8% in Q2) – Although the percentages have only slightly increased, we did spend significantly more on groceries and eating out in Q3 of this year, eek. This needs some work.
Travel (15% was 8% in Q2) – We paid for the tickets to Germany. ‘nough said. Don’t regret this spending at all.
Shopping and Miscellaneous (4% was 9% in Q2) – We cut our discretionary spending in Q3 by almost 50%.
Health & Fitness (4% was 4% in Q2) – This category includes my gym membership, and our medical and dental co-payments. This didn’t change much in Q3.
Cable/Internet (4% was 4% in Q2) – Slightly higher spending (because we ordered some movies), same percentage.
Personal Care (3% was 2% in Q2) – This category includes all toiletry items, makeup, J’s beard trims, and haircuts. We both got haircuts this quarter (and I lamented about the fact that as a long-haired lady it’s ridiculous what they charge for trimming the ends these days).
Cellphone (2% was 1% in Q2) – Expenses were almost the same, percentage went slightly up because of a plan change.
Transportation (2% was 2% in Q2) – Gas and parking fees. Even though I’ve been using the bus and bike more to get to work, our spending on gas hasn’t changed much (which could be due to fluctuating gas prices, and gas here is expensive in general).
Clothing (1% was 2% in Q2) – we’re not big spenders when it comes to clothes and we cut expenses by 50% this quarter. We just replaced what needed replacing.
Subscriptions (1% was 1% Q2) – This includes Netflix and Identity Guard Fraud protection.
Car Maintenance (1% was <1% in Q2) – Went up, because our AAA subscription was due in September.
Gifts (<1% was 1% in Q2) – Birthdays, mainly, but not too much going on between July and September.
How did you spend your money in Q3 of this year?
I am doing NaBloPoMo this month. 30 blog posts in 30 days. Come join me. #nablopomo2019
* This is not a sponsored post. I have not been compensated by YNAB for mentioning their product. I just share it for transparency’s sake. However, the post does contain an affiliate link. If you feel like you need a budget software in your life, download the fully functioning trial version and give it a shot! If you like it, you can use this link to activate the software and we’ll both get a month free!