So, with our tax return money, we set aside our $1,000 emergency fund, paid off our stove ($577), our computer, ($600), other random stuff ($244), sent $800 to the Citi card, and set aside money for our trip down to NE, which hopefully we won't use all of!
Here's the budget we worked out:
Total Income: $2,930 (Not including Wade's overtime)
Monthly payments:
Mortgage: $615
2 cell phones: $113
Total utilities: $270 (It varies, so this is based off last months bill.. it should be lower since it's nicer out now.)
Home, auto (2 cars) and life insurance: $150
Spending's:
Grocery's: $400
Eating out: $50 *Not including trip, money set aside for that already.
Gas & oil: $240 *Not including trip, same as above.
Clothing: $40
BOLW/gifts: $375 (It was suggested to keep this high for now to cover anything we go over in, like grocery's, since we're still figuring out our budget)
Debt:
Car: $202.15 ($6,757.46)
Citi card: $120 ($7,478.63)
US Bank: $110 ($10,210.50)
Left over: $244.49.49 to add to debt payment.
Next step is to get all our spending money in cash to use to hopefully prevent overspending!
Friday, April 30, 2010
Saturday, April 24, 2010
Barrett Loves Sophie
Meet Sophie, She's Barrett's new friend. He loves her and I do too!
Sophie is made out of all-natural rubber and her paint is food paint. She's the perfect size for B to get his hands in and keep a hold of her. She's awesome for teething because he can just shove whichever part happens to be the closest into his mouth. He also loves that she gives him a little squeak once in a while.
"Mom...
How am I supposed to play with her when I need my hands to hold myself up?"
Yummm!
Thumb or Sophie?
Sophie wins!
I've got my eye on you!
Sophie's pretty nice to cuddle with too.
Mmmm, A rump roast!
Leg's pretty good!
Oh yeah, that's the stuff!
Sophie is made out of all-natural rubber and her paint is food paint. She's the perfect size for B to get his hands in and keep a hold of her. She's awesome for teething because he can just shove whichever part happens to be the closest into his mouth. He also loves that she gives him a little squeak once in a while.
"Mom...
How am I supposed to play with her when I need my hands to hold myself up?"
Yummm!
Thumb or Sophie?
Sophie wins!
I've got my eye on you!
Sophie's pretty nice to cuddle with too.
Mmmm, A rump roast!
Leg's pretty good!
Oh yeah, that's the stuff!
Wednesday, April 21, 2010
Getting a makeover
We're getting a makeover. That's right, we're getting nipped & tucked. Going under the knife.
It will take a while to recover, but we know it will be worth it. After, the wrinkles will be gone. The excess flab will be gone. The assets will be bigger. That's right, I said it.
You've probably heard of the type of makeover we're going for. It's called the Total Money Makeover. (The Dave Ramsey plan)
Every month I'm going to write the previous months spending & etc. on here. I'm also going to put down our months budget.
My reasoning for sharing this is that it will help me take account for what we spend.
If you don't want to read it, don't. ;)
So here's where we're starting at.
We have 561.00 in our emergency fund so far. (561./1,000) As soon as our federal tax return is deposited, we'll have it finished.
We have $8,278.63 on credit card #1
and $10,210.50 on credit card #2
CC #1 just had $3,000 added to it because we sold our pickup 2 weeks ago and that was the remainder of the loan. BUT, selling the pickup frees up $500 a month for us to send to the credit card's.
So that's $18,489.13 in debt. (Excluding the house.)
Since our income isn't the exact same every month we're going to use the previous months income to make our budget for the next month. (So for May's budget, we'll use all the money we have from April, which will be plenty from the tax return. June's budget will be made from May's income.)
Taking that $500 from the pickup payment and putting it on top of what we were putting on the credit cards, the calculator says they will be paid off June 2012. 2 years and 1 month. That's a LOT better than living paycheck to paycheck forever. And that's not counting any overtime money. (That will be added each month depending on how much it is. My budget is written off Wade working a 40 hr. week, but right now they're working around 15 hours of overtime. Plus, I should be having an extra $50/wk coming in in the summer with my pt. daycare girl coming ft.)
Now, I'm not sure whats going to happen with our vehicle situation. Right now since we sold the pickup, we have one car that we own. It's a little '99 Saturn with 140,000 miles on it. So we'll see!
At the end of the month, I'll write out my budget for the next month.
And now I have to do it, right?
It will take a while to recover, but we know it will be worth it. After, the wrinkles will be gone. The excess flab will be gone. The assets will be bigger. That's right, I said it.
You've probably heard of the type of makeover we're going for. It's called the Total Money Makeover. (The Dave Ramsey plan)
Every month I'm going to write the previous months spending & etc. on here. I'm also going to put down our months budget.
My reasoning for sharing this is that it will help me take account for what we spend.
If you don't want to read it, don't. ;)
So here's where we're starting at.
We have 561.00 in our emergency fund so far. (561./1,000) As soon as our federal tax return is deposited, we'll have it finished.
We have $8,278.63 on credit card #1
and $10,210.50 on credit card #2
CC #1 just had $3,000 added to it because we sold our pickup 2 weeks ago and that was the remainder of the loan. BUT, selling the pickup frees up $500 a month for us to send to the credit card's.
So that's $18,489.13 in debt. (Excluding the house.)
Since our income isn't the exact same every month we're going to use the previous months income to make our budget for the next month. (So for May's budget, we'll use all the money we have from April, which will be plenty from the tax return. June's budget will be made from May's income.)
Taking that $500 from the pickup payment and putting it on top of what we were putting on the credit cards, the calculator says they will be paid off June 2012. 2 years and 1 month. That's a LOT better than living paycheck to paycheck forever. And that's not counting any overtime money. (That will be added each month depending on how much it is. My budget is written off Wade working a 40 hr. week, but right now they're working around 15 hours of overtime. Plus, I should be having an extra $50/wk coming in in the summer with my pt. daycare girl coming ft.)
Now, I'm not sure whats going to happen with our vehicle situation. Right now since we sold the pickup, we have one car that we own. It's a little '99 Saturn with 140,000 miles on it. So we'll see!
At the end of the month, I'll write out my budget for the next month.
And now I have to do it, right?
Monday, April 19, 2010
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