| TOTAL INCOME | $ 54,184.00 | $ 4,515.33 | $ 2,084.00 | $ 4,700.55 | $ (185.22) |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 3,251.04 | $ 270.92 | $ 125.04 | $ 290.47 | $ (19.55) |
| NET INCOME | $ 50,932.96 | $ 4,244.41 | $ 1,958.96 | $ 4,410.08 | $ (165.67) |
| CHARITY 10-15% | |||||
| fast offering | $ 1,056.00 | $ 88.00 | $ 40.62 | $ 88.00 | $ - |
| tithing | $ 5,418.40 | $ 451.53 | $ 208.40 | $ 470.06 | $ (18.53) |
| SAVINGS 5-10% | |||||
| emergency fund | $ - | $ - | $ - | $ - | $ - |
| kids savings | $ 120.12 | $ 10.01 | $ 4.62 | $ 9.24 | $ 0.77 |
| retirement | $ 5,960.24 | $ 496.69 | $ 229.24 | $ 507.91 | $ (11.22) |
| 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 | $ - | $ 43.75 |
| Household improvement/ repair | $ 783.38 | $ 65.28 | $ 30.13 | $ 43.53 | $ 21.75 |
| 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 | $ 217.36 | $ 18.11 | $ 8.36 | $ 22.14 | $ (4.03) |
| phone- home | $ 189.12 | $ 15.76 | $ 7.27 | $ 15.76 | $ - |
| power | $ 1,661.40 | $ 138.45 | $ 63.90 | $ 113.58 | $ 24.87 |
| water& trash | $ 1,059.24 | $ 88.27 | $ 40.74 | $ 76.09 | $ 12.18 |
| FOOD 5-15% | |||||
| groceries | $ 4,576.00 | $ 381.33 | $ 176.00 | $ 292.29 | $ 89.04 |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 349.70 | $ 29.14 | $ 13.45 | $ - | $ 29.14 |
| gasoline- buick | $ 716.66 | $ 59.72 | $ 27.56 | $ 20.78 | $ 38.94 |
| gasoline- van | $ 1,481.63 | $ 123.47 | $ 56.99 | $ 64.99 | $ 58.48 |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 315.12 | $ 26.26 | $ 12.12 | $ - | $ 26.26 |
| replace | $ 733.98 | $ 61.17 | $ 28.23 | $ - | $ 61.17 |
| 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 | $ 8.58 | $ 0.72 | $ 0.33 | $ - | $ 0.72 |
| kids | $ 29.64 | $ 2.47 | $ 1.14 | $ - | $ 2.47 |
| husband | $ 52.52 | $ 4.38 | $ 2.02 | $ 25.45 | $ (21.07) |
| MEDICAL 5-10% | |||||
| health care | $ 6,750.00 | $ 562.50 | $ 259.62 | $ 531.95 | $ 30.55 |
| health insurance- med, dent, vis | $ 4,927.78 | $ 410.65 | $189.53 | $ 379.06 | $ 31.59 |
| PERSONAL 5-10% | |||||
| Christmas | $ 62.40 | $ 5.20 | $ 2.40 | $ - | $ 5.20 |
| gifts | $ 27.82 | $ 2.32 | $ 1.07 | $ 8.90 | $ (6.58) |
| personal, me | $ 9.10 | $ 0.76 | $ 0.35 | $ 3.00 | $ (2.24) |
| personal, kids | $ 137.80 | $ 11.48 | $ 5.30 | $ 184.64 | $ (173.16) |
| personal, husband | $ 9.10 | $ 0.76 | $ 0.35 | $ 10.23 | $ (9.47) |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ 81.00 | $ (24.67) |
| work | $ - | $ - | $ - | $(1,012.95) | $ 1,012.95 |
| RECREATION 5-10% | |||||
| entertainment | $ 37.44 | $ 3.12 | $ 1.44 | $ 20.33 | $ (17.21) |
| vacation | $ 82.68 | $ 6.89 | $ 3.18 | $ - | $ 6.89 |
| disney | $ 1,300.00 | $ 108.33 | $ 50.00 | $ 100.00 | $ 8.33 |
| DEBT 5-10% | |||||
| husband's student loans | $ 7,052.16 | $ 587.68 | $ 271.24 | $ 587.68 | $ - |
| husband's student loans extra | $ 2,186.34 | $ 182.20 | $ 84.09 | $ 578.00 | $ (395.81) |
| NET SPENDING | $ 50,932.86 | $ 4,244.41 | $ 1,958.96 | $ 3,280.11 | $ 964.30 |
| DIFFERENCE: NET INCOME/SPENDING | $ 0.10 | $ 0.01 | $ 0.00 | $ 1,129.97 |
Thursday, May 25, 2017
Budget update
Thursday, May 18, 2017
Where we went over budget
This time of the year is fraught with peril for me. With it, comes teacher gifts, soccer trophies and team celebrations, and all kinds of things I'm not very good at budgeting for. We went over in entertainment and gifts. We are also struggling with the cell phone bill. It went up significantly after my husband's contract was up, and the phone sales person insisted it would be cheaper to pay rent on a phone from month to month rather than buying a new phone every few years. It's probably true over the long term, but I am used to paying for a new phone all at once, so it will take some adjusting.
Budget update
| TOTAL INCOME | $ 54,184.00 | $ 4,515.33 | $ 2,084.00 | $ 2,383.58 | $ 2,131.75 |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 3,251.04 | $ 270.92 | $ 125.04 | $ 150.96 | $ 119.96 |
| NET INCOME | $ 50,932.96 | $ 4,244.41 | $ 1,958.96 | $ 2,232.62 | $ 2,011.79 |
| CHARITY 10-15% | |||||
| fast offering | $ 1,056.00 | $ 88.00 | $ 40.62 | $ 88.00 | $ - |
| tithing | $ 5,418.40 | $ 451.53 | $ 208.40 | $ 238.36 | $ 213.17 |
| SAVINGS 5-10% | |||||
| emergency fund | $ - | $ - | $ - | $ - | $ - |
| kids savings | $ 120.12 | $ 10.01 | $ 4.62 | $ 6.93 | $ 3.08 |
| retirement | $ 5,960.24 | $ 496.69 | $ 229.24 | $ 262.19 | $ 234.50 |
| 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 | $ - | $ 43.75 |
| Household improvement/ repair | $ 783.38 | $ 65.28 | $ 30.13 | $ 11.80 | $ 53.48 |
| 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 | $ 217.36 | $ 18.11 | $ 8.36 | $ 22.14 | $ (4.03) |
| phone- home | $ 189.12 | $ 15.76 | $ 7.27 | $ 15.76 | $ - |
| power | $ 1,661.40 | $ 138.45 | $ 63.90 | $ 113.58 | $ 24.87 |
| water& trash | $ 1,059.24 | $ 88.27 | $ 40.74 | $ - | $ 88.27 |
| FOOD 5-15% | |||||
| groceries | $ 4,576.00 | $ 381.33 | $ 176.00 | $ 179.47 | $ 201.86 |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 349.70 | $ 29.14 | $ 13.45 | $ - | $ 29.14 |
| gasoline- buick | $ 716.66 | $ 59.72 | $ 27.56 | $ 20.78 | $ 38.94 |
| gasoline- van | $ 1,481.63 | $ 123.47 | $ 56.99 | $ 64.99 | $ 58.48 |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 315.12 | $ 26.26 | $ 12.12 | $ - | $ 26.26 |
| replace | $ 733.98 | $ 61.17 | $ 28.23 | $ - | $ 61.17 |
| 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 | $ 8.58 | $ 0.72 | $ 0.33 | $ - | $ 0.72 |
| kids | $ 29.64 | $ 2.47 | $ 1.14 | $ - | $ 2.47 |
| husband | $ 52.52 | $ 4.38 | $ 2.02 | $ 25.45 | $ (21.07) |
| MEDICAL 5-10% | |||||
| health care | $ 6,750.00 | $ 562.50 | $ 259.62 | $ 607.10 | $ (44.60) |
| health insurance- med, dent, vis | $ 4,927.78 | $ 410.65 | $189.53 | $ 189.53 | $ 221.12 |
| PERSONAL 5-10% | |||||
| Christmas | $ 62.40 | $ 5.20 | $ 2.40 | $ - | $ 5.20 |
| gifts | $ 27.82 | $ 2.32 | $ 1.07 | $ 8.90 | $ (6.58) |
| personal, me | $ 9.10 | $ 0.76 | $ 0.35 | $ 3.00 | $ (2.24) |
| personal, kids | $ 137.80 | $ 11.48 | $ 5.30 | $ 183.98 | $ (172.50) |
| personal, husband | $ 9.10 | $ 0.76 | $ 0.35 | $ 10.23 | $ (9.47) |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ 81.00 | $ (24.67) |
| work | $ - | $ - | $ - | $ 261.02 | $ (261.02) |
| RECREATION 5-10% | |||||
| entertainment | $ 37.44 | $ 3.12 | $ 1.44 | $ 20.33 | $ (17.21) |
| vacation | $ 82.68 | $ 6.89 | $ 3.18 | $ - | $ 6.89 |
| disney | $ 1,300.00 | $ 108.33 | $ 50.00 | $ 75.00 | $ 33.33 |
| DEBT 5-10% | |||||
| husband's student loans | $ 7,052.16 | $ 587.68 | $ 271.24 | $ 587.68 | $ - |
| husband's student loans extra | $ 2,186.34 | $ 182.20 | $ 84.09 | $ 578.00 | $ (395.81) |
| NET SPENDING | $ 50,932.86 | $ 4,244.41 | $ 1,958.96 | $ 3,708.67 | $ 535.74 |
| DIFFERENCE: NET INCOME/SPENDING | $ 0.10 | $ 0.01 | $ 0.00 | $(1,476.05) |
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