Saturday, December 26, 2015

Where we went over budget

Christmas- yipes!  Thankfully, we had a very large paycheck to make up the overage, and we have 32 cents left in the fund for starting to save for next year- haha.  I also went ahead and put more than the average amount in our gift fund, since 5 of the 6 in our family have February/ early March birthdays, so hopefully things won't come crashing down in February like they usually do.  Usually, Christmas sends us reeling, and February is the knockout punch, but I'm hoping to come out ahead this year!  Wish us luck in no major unexpected expenses coming up!

Budget update


TOTAL INCOME  $  43,992.00  $ 3,666.00  $              1,692.00  $  4,142.15  $   (476.15)







 Yearly total   Monthly   Average biweekly   Actual   Difference 
INCOME TAX




taxes, work  $    2,710.24  $    225.85  $                 104.24  $     261.17  $     (35.32)






NET INCOME  $  41,281.76  $ 3,440.15  $              1,587.76  $  3,880.98  $   (440.83)






CHARITY 10-15%




fast offering  $       719.94  $      60.00  $                   27.69  $       60.00  $       (0.00)
tithing  $    4,399.20  $    366.60  $                 169.20  $     424.22  $     (57.62)
SAVINGS 5-10%




emergency fund  $              -    $           -    $                         -    $             -    $             -  
kids savings  $         59.80  $        4.98  $                     2.30  $         3.60  $         1.38
retirement  $    1,319.76  $    109.98  $                   50.76  $     122.17  $     (12.19)
HOUSING 25-35%




dream home  $         26.00  $        2.17  $                     1.00  $       16.11  $     (13.94)
homeowner's insurance (Jan)  $       503.00  $      41.92  $                   19.35  $             -    $       41.92
Household improvement/ repair  $       173.42  $      14.45  $                     6.67  $       34.68  $     (20.23)
real estate tax, county (Jun and Dec)  $    1,210.40  $    100.87  $                   46.55  $     605.20  $   (504.33)
real estate tax, town (Dec)  $       180.70  $      15.06  $                     6.95  $     217.60  $   (202.54)
UTILITIES 5-10%




internet  $       251.40  $      20.95  $                     9.67  $       24.44  $       (3.49)
phone- cell  $       242.32  $      20.19  $                     9.32  $       16.03  $         4.16
phone- home  $       189.12  $      15.76  $                     7.27  $       15.76  $             -  
power  $    2,089.62  $    174.14  $                   80.37  $     141.64  $       32.50
water& trash (odd months)  $    1,298.96  $    108.25  $                   49.96  $             -    $     108.25
FOOD 5-15%




groceries  $    4,576.00  $    381.33  $                 176.00  $     215.12  $     166.21
TRANSPORTATION 10-15%




car insurance (Jan and Jul)  $       451.66  $      37.64  $                   17.37  $             -    $       37.64
gasoline- buick  $       685.10  $      57.09  $                   26.35  $       43.88  $       13.21
gasoline- van  $       923.53  $      76.96  $                   35.52  $       88.75  $     (11.79)
registration, buick  $         39.42  $        3.28  $                     1.52  $             -    $         3.28
registration, van  $         44.42  $        3.70  $                     1.71  $             -    $         3.70
repair, maintain, and replace  $       224.38  $      18.70  $                     8.63  $             -    $       18.70
taxes, property- county (Dec)  $         89.55  $        7.46  $                     3.44  $       89.55  $     (82.09)
taxes, property-town (Dec)  $         84.86  $        7.07  $                     3.26  $       81.44  $     (74.37)
CLOTHING 2-7%




me  $         15.86  $        1.32  $                     0.61  $             -    $         1.32
kids  $         40.04  $        3.34  $                     1.54  $             -    $         3.34
husband  $         21.84  $        1.82  $                     0.84  $             -    $         1.82
MEDICAL 5-10%




health care  $    2,600.00  $    216.67  $                 100.00  $     192.35  $       24.32
health insurance  $    5,994.30  $    499.53 $230.55  $     461.10  $       38.42
PERSONAL 5-10%




Christmas  $         15.34  $        1.28  $                     0.59  $     288.39  $   (287.11)
gifts  $         10.40  $        0.87  $                     0.40  $             -    $         0.87
personal, me  $         15.34  $        1.28  $                     0.59  $             -    $         1.28
personal, kids  $       123.50  $      10.29  $                     4.75  $         1.35  $         8.94
personal, husband  $         13.00  $        1.08  $                     0.50  $         5.29  $       (4.21)
pets  $       676.00  $      56.33  $                   26.00  $     118.72  $     (62.39)
work  $           8.32  $        0.69  $                     0.32  $   (110.98)  $     111.67
RECREATION 5-10%




entertainment  $         17.16  $        1.43  $                     0.66  $       22.99  $     (21.56)
vacation  $         74.88  $        6.24  $                     2.88  $             -    $         6.24
disney  $    1,300.00  $    108.33  $                   50.00  $             -    $     108.33
DEBT 5-10%




my student loans  $       573.24  $      47.77  $                   22.05  $       47.77  $             -  
husband's student loans  $    7,052.16  $    587.68  $                 271.24  $     587.68  $             -  
husband's student loans extra  $    2,920.84  $    243.40  $                 112.34  $     175.34  $       68.06
NET SPENDING  $  41,254.78  $ 3,437.90  $              1,586.72  $  3,990.19  $   (552.29)
 DIFFERENCE   $         26.98  $        2.25  $                     1.04  $   (109.21)

Saturday, December 19, 2015

Where we went over budget and challenge update

Big surprise- we went over on Christmas at Christmas- time.  I'm afraid it's only going to get worse the next few days, but my goal is to not carry a balance on the credit card.  Sadly, that's as good as my goal gets this year.  Last year, I was so much better at staying on budget.  This year, I'm afraid I just didn't plan as well, so things keep "coming up", even though I knew they were coming, I didn't leave enough money for them.  Sigh.
The good news is, we are actually doing really well on staying on course with our challenge this month, and haven't blown that one yet.  Maybe it will balance out?

Budget update


TOTAL INCOME  $  43,992.00  $ 3,666.00  $              1,692.00  $  1,947.55  $  1,718.45







 Yearly total   Monthly   Average biweekly   Actual   Difference 
INCOME TAX




taxes, work  $    2,710.24  $    225.85  $                 104.24  $     120.37  $     105.48






NET INCOME  $  41,281.76  $ 3,440.15  $              1,587.76  $  1,827.18  $  1,612.97






CHARITY 10-15%




fast offering  $       719.94  $      60.00  $                   27.69  $       60.00  $       (0.00)
tithing  $    4,399.20  $    366.60  $                 169.20  $     194.76  $     171.84
SAVINGS 5-10%




emergency fund  $              -    $           -    $                         -    $             -    $             -  
kids savings  $         59.80  $        4.98  $                     2.30  $         2.40  $         2.58
retirement  $    1,319.76  $    109.98  $                   50.76  $       57.08  $       52.90
HOUSING 25-35%




dream home  $         26.00  $        2.17  $                     1.00  $         1.15  $         1.02
homeowner's insurance (Jan)  $       503.00  $      41.92  $                   19.35  $             -    $       41.92
Household improvement/ repair  $       173.42  $      14.45  $                     6.67  $       34.68  $     (20.23)
real estate tax, county (Jun and Dec)  $    1,210.40  $    100.87  $                   46.55  $     605.20  $   (504.33)
real estate tax, town (Dec)  $       180.70  $      15.06  $                     6.95  $     217.60  $   (202.54)
UTILITIES 5-10%




internet  $       251.40  $      20.95  $                     9.67  $       24.44  $       (3.49)
phone- cell  $       242.32  $      20.19  $                     9.32  $             -    $       20.19
phone- home  $       189.12  $      15.76  $                     7.27  $             -    $       15.76
power  $    2,089.62  $    174.14  $                   80.37  $     141.64  $       32.50
water& trash (odd months)  $    1,298.96  $    108.25  $                   49.96  $             -    $     108.25
FOOD 5-15%




groceries  $    4,576.00  $    381.33  $                 176.00  $     198.90  $     182.43
TRANSPORTATION 10-15%




car insurance (Jan and Jul)  $       451.66  $      37.64  $                   17.37  $             -    $       37.64
gasoline- buick  $       685.10  $      57.09  $                   26.35  $       33.75  $       23.34
gasoline- van  $       923.53  $      76.96  $                   35.52  $       61.88  $       15.08
registration, buick  $         39.42  $        3.28  $                     1.52  $             -    $         3.28
registration, van  $         44.42  $        3.70  $                     1.71  $             -    $         3.70
repair, maintain, and replace  $       224.38  $      18.70  $                     8.63  $             -    $       18.70
taxes, property- county (Dec)  $         89.55  $        7.46  $                     3.44  $       89.55  $     (82.09)
taxes, property-town (Dec)  $         84.86  $        7.07  $                     3.26  $       81.44  $     (74.37)
CLOTHING 2-7%




me  $         15.86  $        1.32  $                     0.61  $             -    $         1.32
kids  $         40.04  $        3.34  $                     1.54  $             -    $         3.34
husband  $         21.84  $        1.82  $                     0.84  $             -    $         1.82
MEDICAL 5-10%




health care  $    2,600.00  $    216.67  $                 100.00  $     192.35  $       24.32
health insurance  $    5,994.30  $    499.53 $230.55  $     230.55  $     268.98
PERSONAL 5-10%




Christmas  $         15.34  $        1.28  $                     0.59  $     118.88  $   (117.60)
gifts  $         10.40  $        0.87  $                     0.40  $             -    $         0.87
personal, me  $         15.34  $        1.28  $                     0.59  $             -    $         1.28
personal, kids  $       123.50  $      10.29  $                     4.75  $         0.90  $         9.39
personal, husband  $         13.00  $        1.08  $                     0.50  $         5.29  $       (4.21)
pets  $       676.00  $      56.33  $                   26.00  $       94.76  $     (38.43)
work  $           8.32  $        0.69  $                     0.32  $       36.78  $     (36.09)
RECREATION 5-10%




entertainment  $         17.16  $        1.43  $                     0.66  $             -    $         1.43
vacation  $         74.88  $        6.24  $                     2.88  $             -    $         6.24
disney  $    1,300.00  $    108.33  $                   50.00  $             -    $     108.33
DEBT 5-10%




my student loans  $       573.24  $      47.77  $                   22.05  $       47.77  $             -  
husband's student loans  $    7,052.16  $    587.68  $                 271.24  $     587.68  $             -  
husband's student loans extra  $    2,920.84  $    243.40  $                 112.34  $     152.84  $       90.56
NET SPENDING  $  41,254.78  $ 3,437.90  $              1,586.72  $  3,272.27  $     165.63
 DIFFERENCE   $         26.98  $        2.25  $                     1.04  $(1,445.09)