Oy, the question is where did we not go over budget? Our water bill has gone up significantly since our town changed their billing structure to increase charges for heavy water users, and we are a large family, so that's us. I'm still struggling to budget enough for that.
All of us have needed clothes this month, and that doesn't usually happen all at once.
The boys both had camps to pay for, though we'll be getting reimbursed for one of them because one of the boys did a fundraiser.
And, apparently we had too much fun.
I'm a little bit nervous right now with getting the home equity loan. We really need to stay right on top of things and not go over budget, because the temptation will be to bail ourselves out with the loan, and that's certainly not a good idea. The good thing is, we've been holding steady with M's extra income this time of year, but I would like to have gotten more of a cushion built up, instead of just holding steady.
Thursday, June 28, 2018
Budget update
| TOTAL INCOME | $ 58,094.40 | $ 4,841.20 | $ 2,234.40 | $ 4,823.04 | $ 18.16 |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 5,044.52 | $ 420.38 | $ 194.02 | $ 650.30 | $ (229.92) |
| NET INCOME | $ 53,049.88 | $ 4,420.82 | $ 2,040.38 | $ 4,172.74 | $ 248.08 |
| CHARITY 10-15% | |||||
| fast offering | $ 1,140.00 | $ 95.00 | $ 43.85 | $ 95.00 | $ - |
| tithing | $ 5,809.44 | $ 484.12 | $ 223.44 | $ 482.31 | $ 1.81 |
| SAVINGS 5-10% | |||||
| emergency fund | $ 2,384.98 | $ 198.75 | $ 91.73 | $ 40.00 | $ 158.75 |
| kids savings | $ 141.96 | $ 11.83 | $ 5.46 | $ 11.21 | $ 0.62 |
| IRA | $ 6,500.00 | $ 541.67 | $ 250.00 | $ 500.00 | $ 41.67 |
| investments | $ - | $ - | $ - | $ - | $ - |
| HOUSING 25-35% | |||||
| dream home | $ 260.00 | $ 21.67 | $ 10.00 | $ 15.00 | $ 6.67 |
| homeowner's insurance (Jan) | $ 517.00 | $ 43.08 | $ 19.88 | $ - | $ 43.08 |
| Household improvement/ repair | $ 380.12 | $ 31.68 | $ 14.62 | $ 1,434.57 | $(1,402.89) |
| appliance replace | $ 214.50 | $ 17.88 | $ 8.25 | $ - | $ 17.88 |
| real estate tax, county (Jun and Dec) | $ 1,060.00 | $ 88.33 | $ 40.77 | $ 530.00 | $ (441.67) |
| 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 | $ 944.32 | $ 78.69 | $ 36.32 | $ - | $ 78.69 |
| power | $ 1,749.28 | $ 145.77 | $ 67.28 | $ 136.00 | $ 9.77 |
| water& trash | $ 1,162.98 | $ 96.92 | $ 44.73 | $ 118.48 | $ (21.57) |
| FOOD 5-15% | |||||
| groceries | $ 4,940.00 | $ 411.67 | $ 190.00 | $ 294.40 | $ 117.27 |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 342.32 | $ 28.53 | $ 13.17 | $ - | $ 28.53 |
| gasoline- buick and van | $ 2,686.11 | $ 223.84 | $ 103.31 | $ 246.28 | $ (22.44) |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 483.86 | $ 40.32 | $ 18.61 | $ - | $ 40.32 |
| replace | $ 991.12 | $ 82.59 | $ 38.12 | $ - | $ 82.59 |
| taxes, property- county (Dec) | $ 62.69 | $ 5.22 | $ 2.41 | $ - | $ 5.22 |
| taxes, property-town (Dec) | $ 75.54 | $ 6.30 | $ 2.91 | $ - | $ 6.30 |
| CLOTHING 2-7% | |||||
| me | $ 29.38 | $ 2.45 | $ 1.13 | $ 48.99 | $ (46.54) |
| kids | $ 31.98 | $ 2.67 | $ 1.23 | $ 16.72 | $ (14.06) |
| husband | $ 29.38 | $ 2.45 | $ 1.13 | $ 58.39 | $ (55.94) |
| MEDICAL 5-10% | |||||
| health care | $ 6,150.00 | $ 512.50 | $ 236.54 | $ 73.32 | $ 439.18 |
| health insurance- med, dent, vis, disability | $ 4,927.78 | $ 410.65 | $189.53 | $ 379.06 | $ 31.59 |
| PERSONAL 5-10% | |||||
| Christmas | $ - | $ - | $ - | $ - | $ - |
| gifts | $ 34.58 | $ 2.88 | $ 1.33 | $ 19.74 | $ (16.86) |
| life insurance | $ 110.00 | $ 9.17 | $ 4.23 | $ - | $ 9.17 |
| personal, me | $ 39.78 | $ 3.32 | $ 1.53 | $ - | $ 3.32 |
| personal, kids | $ 158.86 | $ 13.24 | $ 6.11 | $ 161.74 | $ (148.50) |
| personal, husband | $ 39.78 | $ 3.32 | $ 1.53 | $ - | $ 3.32 |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ 40.00 | $ 16.33 |
| work | $ - | $ - | $ - | $ 268.93 | $ (268.93) |
| RECREATION 5-10% | |||||
| entertainment | $ 106.34 | $ 8.86 | $ 4.09 | $ 31.34 | $ (22.48) |
| vacation | $ 59.54 | $ 4.96 | $ 2.29 | $ - | $ 4.96 |
| disney | $ 1,300.00 | $ 108.33 | $ 50.00 | $ 194.41 | $ (86.08) |
| DEBT 5-10% | |||||
| husband's student loans | $ 7,052.16 | $ 587.68 | $ 271.24 | $ 587.68 | $ - |
| husband's student loans extra | $ - | $ - | $ - | $ - | |
| NET SPENDING | $ 53,327.57 | $ 4,443.96 | $ 2,051.06 | $ 5,822.02 | $(1,387.22) |
| DIFFERENCE: NET INCOME/SPENDING | $ (277.69) | $ (23.14) | $ (10.68) | $(1,649.28) |
Thursday, June 14, 2018
Where we went over budget
We are starting the process of prepping our home to sell in a couple of springs. We decided to take out a home equity loan to make it happen, but we haven't secured it yet. Our front door decided it was going to give out before that happened, so we went over budget on that. I'm a little uncomfortable with that just hanging out there, so hopefully, the loan is secured soon, and we can have predictable payments with that.
Budget update
| TOTAL INCOME | $ 58,094.40 | $ 4,841.20 | $ 2,234.40 | $ 2,488.63 | $ 2,352.57 |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 4,930.90 | $ 410.91 | $ 189.65 | $ 511.47 | $ (100.56) |
| NET INCOME | $ 53,163.50 | $ 4,430.29 | $ 2,044.75 | $ 1,977.16 | $ 2,453.13 |
| CHARITY 10-15% | |||||
| fast offering | $ 1,140.00 | $ 95.00 | $ 43.85 | $ 95.00 | $ - |
| tithing | $ 5,809.44 | $ 484.12 | $ 223.44 | $ 248.87 | $ 235.25 |
| SAVINGS 5-10% | |||||
| emergency fund | $ 2,384.98 | $ 198.75 | $ 91.73 | $ 20.00 | $ 178.75 |
| kids savings | $ 141.96 | $ 11.83 | $ 5.46 | $ 5.53 | $ 6.30 |
| IRA | $ 6,500.00 | $ 541.67 | $ 250.00 | $ 250.00 | $ 291.67 |
| investments | $ - | $ - | $ - | $ - | $ - |
| HOUSING 25-35% | |||||
| dream home | $ 260.00 | $ 21.67 | $ 10.00 | $ 10.00 | $ 11.67 |
| homeowner's insurance (Jan) | $ 517.00 | $ 43.08 | $ 19.88 | $ - | $ 43.08 |
| Household improvement/ repair | $ 380.12 | $ 31.68 | $ 14.62 | $ 1,426.16 | $(1,394.48) |
| appliance replace | $ 214.50 | $ 17.88 | $ 8.25 | $ - | $ 17.88 |
| real estate tax, county (Jun and Dec) | $ 1,060.00 | $ 88.33 | $ 40.77 | $ 530.00 | $ (441.67) |
| 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 | $ 944.32 | $ 78.69 | $ 36.32 | $ - | $ 78.69 |
| power | $ 1,749.28 | $ 145.77 | $ 67.28 | $ 136.00 | $ 9.77 |
| water& trash | $ 1,162.98 | $ 96.92 | $ 44.73 | $ - | $ 96.92 |
| FOOD 5-15% | |||||
| groceries | $ 4,940.00 | $ 411.67 | $ 190.00 | $ 102.48 | $ 309.19 |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 342.32 | $ 28.53 | $ 13.17 | $ - | $ 28.53 |
| gasoline- buick and van | $ 2,686.11 | $ 223.84 | $ 103.31 | $ 133.99 | $ 89.85 |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 483.86 | $ 40.32 | $ 18.61 | $ - | $ 40.32 |
| replace | $ 991.12 | $ 82.59 | $ 38.12 | $ - | $ 82.59 |
| taxes, property- county (Dec) | $ 62.69 | $ 5.22 | $ 2.41 | $ - | $ 5.22 |
| taxes, property-town (Dec) | $ 75.54 | $ 6.30 | $ 2.91 | $ - | $ 6.30 |
| CLOTHING 2-7% | |||||
| me | $ 29.38 | $ 2.45 | $ 1.13 | $ 6.90 | $ (4.45) |
| kids | $ 31.98 | $ 2.67 | $ 1.23 | $ 16.72 | $ (14.06) |
| husband | $ 29.38 | $ 2.45 | $ 1.13 | $ - | $ 2.45 |
| MEDICAL 5-10% | |||||
| health care | $ 6,150.00 | $ 512.50 | $ 236.54 | $ - | $ 512.50 |
| health insurance- med, dent, vis, disability | $ 4,927.78 | $ 410.65 | $189.53 | $ 189.53 | $ 221.12 |
| PERSONAL 5-10% | |||||
| Christmas | $ - | $ - | $ - | $ - | $ - |
| gifts | $ 34.58 | $ 2.88 | $ 1.33 | $ - | $ 2.88 |
| life insurance | $ 110.00 | $ 9.17 | $ 4.23 | $ - | $ 9.17 |
| personal, me | $ 39.78 | $ 3.32 | $ 1.53 | $ - | $ 3.32 |
| personal, kids | $ 158.86 | $ 13.24 | $ 6.11 | $ 85.87 | $ (72.63) |
| personal, husband | $ 39.78 | $ 3.32 | $ 1.53 | $ - | $ 3.32 |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ - | $ 56.33 |
| work | $ - | $ - | $ - | $ - | $ - |
| RECREATION 5-10% | |||||
| entertainment | $ 106.34 | $ 8.86 | $ 4.09 | $ 31.34 | $ (22.48) |
| vacation | $ 59.54 | $ 4.96 | $ 2.29 | $ - | $ 4.96 |
| disney | $ 1,300.00 | $ 108.33 | $ 50.00 | $ 194.41 | $ (86.08) |
| DEBT 5-10% | |||||
| husband's student loans | $ 7,052.16 | $ 587.68 | $ 271.24 | $ 587.68 | $ - |
| husband's student loans extra | $ - | $ - | $ - | $ - | |
| NET SPENDING | $ 53,327.57 | $ 4,443.96 | $ 2,051.06 | $ 4,070.48 | $ 364.32 |
| DIFFERENCE: NET INCOME/SPENDING | $ (164.07) | $ (13.67) | $ (6.31) | $(2,093.32) |
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