Tomorrow is DECEMBER! Can you believe that? December already! Our finances are awful. We have really fallen off the wagon lately and I have been spending much more than I should be. I'll figure out the final damage either tomorrow or the following day but I'm nervous to do so. Finances should not make me nervous. We have no real need to be nervous about our finances which only goes to prove that I failed to budget properly throughout November. Tomorrow starts a new month. Tomorrow starts a new budget. Tomorrow starts a new beginning on getting our finances back in order. Tomorrow we start working on our goals together for more tomorrows to come.
-M
Labels: Budget, Goals, State of the Finances
Once again we are not sticking to our budget. We are over in many categories and not because of unexpected events. I think that it isn't for lack of trying. I honestly think our budget does not work and our spending limits are not reasonable. With this realization we have come to the conclusion that we need to do some serious reworking to our budget. Keep your eyes out for a new budget coming next week!
As with most money management issues, budgeting is a live and learn experience. We are working to create a real working budget but it is going to take months to get things just right and even then it will not work 100% of the time.
-M
Labels: Budget
Well, we really aren't working with much money right now. We will need to dip into our Emergency Fund this month as S is out of work much longer than we thought he'd be and do not have enough to cover our car insurance. I can continue to cover all of the rest of the bills plus pay extra to his credit card as well as put a little in savings but did not save for car insurance accordingly. So, I'm going to take the money out of the E-fund so we do not have to hold it on our credit cards and replenish the E-fund as quickly as possible.
On to the budget:
Income - $1280
Reoccurring Bills (car insurance, gifts, car maintenance, etc.) - $330
M's Student Loan - $200
S's Credit Card - $255
E-fund - $25
O's Savings - $25
Travel Savings - $25
Baby Expenses - $100 (diapers, milk, etc.)
Gasoline - $140
Retirement - $50 (I know this should be more, its just slightly under 4% of my income)
Fun Money - $40
O's Gym Class - $90
So, there you have it. Our meager budget for July. I know we do not have any housing expenses right now as we are very lucky to have these paid for us but will in the near future need to start paying them ourselves and then will need to revamp the budget. At that time we will have more income and revamping the budget shouldn't take too much work.
Wish us luck!
-M
Labels: Budget
I am deleting this post because I haven't had a chance to work through it all just yet. I'll just do an end of the month budget recap.
-M
Labels: Budget
As I wrote about earlier this month another blogger, Gather Little By Little, issued a challenge and the G Family accepted! We have never actually lived on a budget. Yes, I have suggested spending limits in Microsoft Money but we've never actually stuck to those limits. This will be our first attempt at having an actual budget. I am hoping that this challenge is just another stepping stone in the right financial direction. I want to say thank you for issuing this challenge and I can't wait to blog about it through the month of May and beyond.
Income:
$1250
Expenses:
Baby: $100
Gasoline: $115
Cell Phone: $55
Reoccurring Bills: $325
Miscellaneous: $50
Student Loan: $190
S's Credit Card: $100
Savings:
O: $50
Travel: $50
E-Fund: $215
Snowflake: anything left over from the other categories
-M
Labels: Budget
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