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!
4 comments:
dear budgetBabe,
Hear hear! from your cheering section. Looks like you are well on your way. I have always liked the idea of having spending money in cash. One year I used the 'envelope-method' to see how it all spends. It is really an eye opener.
love,
stopping the uneccesary out-go
in
NE
Looking good!
Keep it up....the cash in the envelope is the hardest for me!
great! As long as I stay away from Walmart I spend less, and I simply quit shopping. Of course I still have to figure out this budget thing & how to figure in some birthdays :)
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