August Budget

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DEBT OWED: $146,869 (roughly)

August Budget

Yucky yucky debt

  • Minimum payment: $1300
  • Planned overpayment: at least $2000 in addition to the $1300 budgeted

Necessities

  • Rent: $1300
  • Utilities: $260
  • Cell Phone: $50
  • Groceries: $600- This is higher this month because I know I need a bunch of things at Sam’s Club and that’s never an inexpensive trip. Also, the freezer is out of meat. I gratefully accepted a bunch of pork and beef from my dad, but I’m thinking I need to stock up on some chicken if it goes on sale.
  • Gas: $200
  • Car insurance: $350- Because we drive 15 and 12 year old cars, respectively, our car insurance is pretty affordable. Also, living in a safe are doesn’t hurt either. Because it’s so affordable, we prefer to just take the hit twice a year and pay the whole bill, rather than saving a little toward it each month. We used to do that, it was confusing, this is easier.
  • Daycare: $980
  • Vet: $300- Our dog is due for his yearly check-up, a whole bunch of shots, a medication refill and a bath/toenail cut (I pay someone to do this because I dislike being bitten repeatedly)
  • B.: $500- B. is in charge of managing his own money while deployed. He gets $500, he can spend it any way he wants.

Other expenses

  • Maid: $250- Covering three visits instead of two because the month worked out weird
  • Lawn Care: $150- I think this is high, considering that most of my grass appears to be dead, but we’ll see. I only pay if they actually mow the lawn, so I won’t be paying for it if they don’t need to mow.
  • Clothing: $100
  • Gymnastics: $48
  • Restaurants: $100
  • Netflix: $11
  • Hair/Cosmetics: $50
  • Fun money: $100
  • Miscellaneous: $200
  • Charity: $65- We tend to do most of our charity spending right around the end of the year, but will occasionally spend during the year as opportunities arise. This month’s purchase was $65 worth of school supplies to donate to our local community for students and teachers in need.
  • Vacation: $300- I’m going on vacation in August! Just me, sans toddler- I’m really looking forward to it.

Total planned expenses (excluding debt): $5914

% of projected monthly income: 63%– This is a little higher than I prefer, but we have quite a few extra expenses this month, both necessary (vet, car insurance) and frivolous (vacation).  Oh well. I think September will look better.

We set our budget every month using Every Dollar. The free version is pretty good, but the paid version allows you to link up your bank accounts and any credit cards you may have. It also has a mobile app and both are incredibly easy to use. 

July Budget

Our budget for July

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DEBT OWED: $153,000 (roughly) 

July Budget

Yucky yucky debt

  • Minimum payment: $1400
  • Planned extra payment: no less than $2500 (this is above and beyond the $1400 we would normally pay, so a grand total of roughly $4000 toward debt)

Necessities

  • Rent: $1300
  • Utilities: $260
  • Cell Phone: $50
  • Groceries: $500
  • Gas: $200
  • Daycare: $980
  • Maid: $206 (Trust me, with a deployed husband and a two year old, this is a necessity at the moment. Sanity and sleep allow me to make better choices in budget areas we usually suck at. Like eating out. Oh McDonalds, why are you so close to my house and on the way home from work??)
  • Lawn care: $150 (again, deployed husband + two year old. I feel really grateful that we can afford these small luxuries while Brian is away.)
  • Brian: $500 (Brian is in charge of managing his own money while he’s deployed. I just give him a chunk of money to work with. How he spends it is his own business.)

Other expenses

  • Clothing: $200- This is high this month. I realized that I have exactly zero pairs of shorts (note to self- clothing purging CAN be taken too far) and it’s hot.  Plus F (my rambunctious two-year old) WILL NOT STOP GROWING and has about grown out of the 3T wardrobe I purchased for her approximately two months ago.  So new (to us) clothes it is.
  • Gymnastics: $48
  • Restaurants: $100 (eating out has really declined as taking the toddler out to eat alone is a mildly terrifying prospect)
  • Netflix: $10 (because it’s cheaper than cable, but not by a lot because our Internet is freaking expensive)
  • Hair Care/Cosmetics: $100 (higher this month because I had a rare morning where I didn’t have to work but F had daycare and I got a pedicure! For the first time since…hmmm… I think my best friend’s wedding like 7 years ago. It was glorious. See you again in 7 years, oh great and relaxing pedicure chair)
  • Fun money: $100 (Mine to do whatever I want with over the course of a month. Lunch out? Afternoon coffee date? All coming out of this fund)
  • Miscellaneous: $200 (Because I’m terrible at budgeting (STILL!), I need a “slush fund” to catch random things that come up during the month.  It’s always capped at $200 because otherwise, I could probably find a lot of things I “need”)

Total planned expenditures (excluding debt payments): $4704

% of projected monthly income: about 50% (which is what we like to see!) 

We set our budget every month using Every Dollar. I love this software- it’s linked to both our bank account and our one credit card (that we never ever use except right now because it has lower international fees for my husband).