| TOTAL INCOME | $ 52,353.60 | $ 4,362.80 | $ 2,013.60 | $ 4,128.22 | $ 234.58 |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 3,117.92 | $ 259.83 | $ 119.92 | $ 239.83 | $ 20.00 |
| NET INCOME | $ 49,235.68 | $ 4,102.97 | $ 1,893.68 | $ 3,888.39 | $ 214.58 |
| CHARITY 10-15% | |||||
| fast offering | $ 1,056.00 | $ 88.00 | $ 40.62 | $ 88.00 | $ - |
| tithing | $ 5,235.36 | $ 436.28 | $ 201.36 | $ 412.82 | $ 23.46 |
| SAVINGS 5-10% | |||||
| emergency fund | $ - | $ - | $ - | $ - | $ - |
| kids savings | $ 112.32 | $ 9.36 | $ 4.32 | $ 8.64 | $ 0.72 |
| retirement | $ 4,711.82 | $ 392.65 | $ 181.22 | $ 362.44 | $ 30.21 |
| HOUSING 25-35% | |||||
| dream home | $ 260.00 | $ 21.67 | $ 10.00 | $ 20.00 | $ 1.67 |
| homeowner's insurance (Jan) | $ 525.00 | $ 43.75 | $ 20.19 | $ 525.00 | $ (481.25) |
| Household improvement/ repair | $ 249.08 | $ 20.76 | $ 9.58 | $ - | $ 20.76 |
| appliance replace | $ 214.50 | $ 17.88 | $ 8.25 | $ - | $ 17.88 |
| real estate tax, county (Jun and Dec) | $ 1,060.00 | $ 88.33 | $ 40.77 | $ - | $ 88.33 |
| real estate tax, town (Dec) | $ 190.56 | $ 15.88 | $ 7.33 | $ - | $ 15.88 |
| UTILITIES 5-10% | |||||
| internet | $ 461.40 | $ 38.45 | $ 17.75 | $ 38.45 | $ - |
| phone- cell | $ 211.12 | $ 17.59 | $ 8.12 | $ 16.15 | $ 1.44 |
| phone- home | $ 189.12 | $ 15.76 | $ 7.27 | $ 15.76 | $ - |
| power | $ 1,771.38 | $ 147.62 | $ 68.13 | $ 179.99 | $ (32.38) |
| water& trash | $ 1,059.24 | $ 88.27 | $ 40.74 | $ 85.89 | $ 2.38 |
| FOOD 5-15% | |||||
| groceries | $ 4,576.00 | $ 381.33 | $ 176.00 | $ 287.91 | $ 93.42 |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 421.30 | $ 35.11 | $ 16.20 | $ 205.15 | $ (170.04) |
| gasoline- buick | $ 800.25 | $ 66.69 | $ 30.78 | $ 43.22 | $ 23.47 |
| gasoline- van | $ 1,542.18 | $ 128.52 | $ 59.31 | $ 38.29 | $ 90.23 |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 205.40 | $ 17.12 | $ 7.90 | $ 1,117.38 | $(1,100.26) |
| replace | $ 1,147.64 | $ 95.64 | $ 44.14 | $ - | $ 95.64 |
| taxes, property- county (Dec) | $ 72.41 | $ 6.03 | $ 2.79 | $ - | $ 6.03 |
| taxes, property-town (Dec) | $ 77.45 | $ 6.45 | $ 2.98 | $ - | $ 6.45 |
| CLOTHING 2-7% | |||||
| me | $ 11.44 | $ 0.95 | $ 0.44 | $ 9.80 | $ (8.85) |
| kids | $ 43.16 | $ 3.60 | $ 1.66 | $ - | $ 3.60 |
| husband | $ 51.48 | $ 4.29 | $ 1.98 | $ - | $ 4.29 |
| MEDICAL 5-10% | |||||
| health care | $ 6,750.00 | $ 562.50 | $ 259.62 | $ 1,745.58 | $(1,183.08) |
| health insurance- med, dent, vis | $ 4,927.78 | $ 410.65 | $189.53 | $ 379.06 | $ 31.59 |
| PERSONAL 5-10% | |||||
| Christmas | $ 102.70 | $ 8.56 | $ 3.95 | $ 8.45 | $ 0.11 |
| gifts | $ 43.42 | $ 3.62 | $ 1.67 | $ - | $ 3.62 |
| personal, me | $ 14.04 | $ 1.17 | $ 0.54 | $ 0.90 | $ 0.27 |
| personal, kids | $ 180.96 | $ 15.08 | $ 6.96 | $ 151.80 | $ (136.72) |
| personal, husband | $ 13.78 | $ 1.15 | $ 0.53 | $ 7.31 | $ (6.16) |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ 41.22 | $ 15.11 |
| work | $ - | $ - | $ - | $ 129.36 | $ (129.36) |
| RECREATION 5-10% | |||||
| entertainment | $ 59.02 | $ 4.92 | $ 2.27 | $ 8.00 | $ (3.08) |
| vacation | $ 129.22 | $ 10.77 | $ 4.97 | $ - | $ 10.77 |
| disney | $ 1,300.00 | $ 108.33 | $ 50.00 | $ 100.00 | $ 8.33 |
| 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 | $ 1,073.80 | $ 89.48 | $ 41.30 | $ 140.57 | $ (51.09) |
| NET SPENDING | $ 49,235.57 | $ 4,102.96 | $ 1,893.68 | $ 6,802.59 | $(2,699.63) |
| DIFFERENCE: NET INCOME/SPENDING | $ 0.11 | $ 0.01 | $ 0.00 | $(2,914.20) |
Thursday, January 26, 2017
Budget update
Thursday, January 19, 2017
Where we went over budget
This week, I paid the overdue bill for my boys' physical therapy. I got tired of it being so behind, and not being able to catch up. We'll probably end up covering most of our deficit in savings (we're around $1,200 short) by pulling from our tax refund next month, as well as taking some from our emergency fund and leaving just $1,000 in there for the next emergency that pops up.
After much discussion, we have also finalized the idea of paying off my student loans next month as well so that we can free up some monthly cash flow to go towards fixing up the house. We are now at the three year mark from when we plan to get ready to sell the house in 2020, so we need to get some projects rolling in order for it to be presentable for sale (and so that we can enjoy it more in the meantime!).
After much discussion, we have also finalized the idea of paying off my student loans next month as well so that we can free up some monthly cash flow to go towards fixing up the house. We are now at the three year mark from when we plan to get ready to sell the house in 2020, so we need to get some projects rolling in order for it to be presentable for sale (and so that we can enjoy it more in the meantime!).
Budget update
| TOTAL INCOME | $ 52,353.60 | $ 4,362.80 | $ 2,013.60 | $ 4,125.39 | $ 237.41 |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 3,117.92 | $ 259.83 | $ 119.92 | $ 239.83 | $ 20.00 |
| NET INCOME | $ 49,235.68 | $ 4,102.97 | $ 1,893.68 | $ 3,885.56 | $ 217.41 |
| CHARITY 10-15% | |||||
| fast offering | $ 1,056.00 | $ 88.00 | $ 40.62 | $ 88.00 | $ - |
| tithing | $ 5,235.36 | $ 436.28 | $ 201.36 | $ 412.54 | $ 23.74 |
| SAVINGS 5-10% | |||||
| emergency fund | $ - | $ - | $ - | $ - | $ - |
| kids savings | $ 112.32 | $ 9.36 | $ 4.32 | $ 6.48 | $ 2.88 |
| retirement | $ 4,711.82 | $ 392.65 | $ 181.22 | $ 362.44 | $ 30.21 |
| HOUSING 25-35% | |||||
| dream home | $ 260.00 | $ 21.67 | $ 10.00 | $ 15.00 | $ 6.67 |
| homeowner's insurance (Jan) | $ 525.00 | $ 43.75 | $ 20.19 | $ 525.00 | $ (481.25) |
| Household improvement/ repair | $ 249.08 | $ 20.76 | $ 9.58 | $ - | $ 20.76 |
| appliance replace | $ 214.50 | $ 17.88 | $ 8.25 | $ - | $ 17.88 |
| real estate tax, county (Jun and Dec) | $ 1,060.00 | $ 88.33 | $ 40.77 | $ - | $ 88.33 |
| real estate tax, town (Dec) | $ 190.56 | $ 15.88 | $ 7.33 | $ - | $ 15.88 |
| UTILITIES 5-10% | |||||
| internet | $ 461.40 | $ 38.45 | $ 17.75 | $ 38.45 | $ - |
| phone- cell | $ 211.12 | $ 17.59 | $ 8.12 | $ 16.15 | $ 1.44 |
| phone- home | $ 189.12 | $ 15.76 | $ 7.27 | $ 15.76 | $ - |
| power | $ 1,771.38 | $ 147.62 | $ 68.13 | $ 179.99 | $ (32.38) |
| water& trash | $ 1,059.24 | $ 88.27 | $ 40.74 | $ 85.89 | $ 2.38 |
| FOOD 5-15% | |||||
| groceries | $ 4,576.00 | $ 381.33 | $ 176.00 | $ 200.43 | $ 180.90 |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 421.30 | $ 35.11 | $ 16.20 | $ 205.15 | $ (170.04) |
| gasoline- buick | $ 800.25 | $ 66.69 | $ 30.78 | $ 33.22 | $ 33.47 |
| gasoline- van | $ 1,542.18 | $ 128.52 | $ 59.31 | $ 38.29 | $ 90.23 |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 205.40 | $ 17.12 | $ 7.90 | $ 1,117.38 | $(1,100.26) |
| replace | $ 1,147.64 | $ 95.64 | $ 44.14 | $ - | $ 95.64 |
| taxes, property- county (Dec) | $ 72.41 | $ 6.03 | $ 2.79 | $ - | $ 6.03 |
| taxes, property-town (Dec) | $ 77.45 | $ 6.45 | $ 2.98 | $ - | $ 6.45 |
| CLOTHING 2-7% | |||||
| me | $ 11.44 | $ 0.95 | $ 0.44 | $ 9.80 | $ (8.85) |
| kids | $ 43.16 | $ 3.60 | $ 1.66 | $ - | $ 3.60 |
| husband | $ 51.48 | $ 4.29 | $ 1.98 | $ - | $ 4.29 |
| MEDICAL 5-10% | |||||
| health care | $ 6,750.00 | $ 562.50 | $ 259.62 | $ 1,701.79 | $(1,139.29) |
| health insurance- med, dent, vis | $ 4,927.78 | $ 410.65 | $189.53 | $ 379.06 | $ 31.59 |
| PERSONAL 5-10% | |||||
| Christmas | $ 102.70 | $ 8.56 | $ 3.95 | $ 8.45 | $ 0.11 |
| gifts | $ 43.42 | $ 3.62 | $ 1.67 | $ - | $ 3.62 |
| personal, me | $ 14.04 | $ 1.17 | $ 0.54 | $ 0.90 | $ 0.27 |
| personal, kids | $ 180.96 | $ 15.08 | $ 6.96 | $ 151.80 | $ (136.72) |
| personal, husband | $ 13.78 | $ 1.15 | $ 0.53 | $ - | $ 1.15 |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ - | $ 56.33 |
| work | $ - | $ - | $ - | $ 109.19 | $ (109.19) |
| RECREATION 5-10% | |||||
| entertainment | $ 59.02 | $ 4.92 | $ 2.27 | $ 8.00 | $ (3.08) |
| vacation | $ 129.22 | $ 10.77 | $ 4.97 | $ - | $ 10.77 |
| disney | $ 1,300.00 | $ 108.33 | $ 50.00 | $ 75.00 | $ 33.33 |
| 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 | $ 1,073.80 | $ 89.48 | $ 41.30 | $ 140.57 | $ (51.09) |
| NET SPENDING | $ 49,235.57 | $ 4,102.96 | $ 1,893.68 | $ 6,560.18 | $(2,457.22) |
| DIFFERENCE: NET INCOME/SPENDING | $ 0.11 | $ 0.01 | $ 0.00 | $(2,674.62) |
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