| TOTAL INCOME | $ 55,494.40 | $ 4,624.53 | $ 2,134.40 | $ 2,623.98 | $ 2,000.55 |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 3,117.92 | $ 259.83 | $ 119.92 | $ 166.61 | $ 93.22 |
| NET INCOME | $ 52,376.48 | $ 4,364.71 | $ 2,014.48 | $ 2,457.37 | $ 1,907.34 |
| CHARITY 10-15% | |||||
| fast offering | $ 1,056.00 | $ 88.00 | $ 40.62 | $ 88.00 | $ - |
| tithing | $ 5,549.44 | $ 462.45 | $ 213.44 | $ 266.40 | $ 196.05 |
| SAVINGS 5-10% | |||||
| emergency fund | $ - | $ - | $ - | $ - | $ - |
| kids savings | $ 120.12 | $ 10.01 | $ 4.62 | $ 4.62 | $ 5.39 |
| retirement | $ 6,104.38 | $ 508.70 | $ 234.78 | $ 236.16 | $ 272.54 |
| HOUSING 25-35% | |||||
| dream home | $ 260.00 | $ 21.67 | $ 10.00 | $ 5.00 | $ 16.67 |
| homeowner's insurance (Jan) | $ 525.00 | $ 43.75 | $ 20.19 | $ - | $ 43.75 |
| Household improvement/ repair | $ 815.62 | $ 67.97 | $ 31.37 | $ - | $ 67.97 |
| 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 | $ 214.24 | $ 17.85 | $ 8.24 | $ - | $ 17.85 |
| phone- home | $ 189.12 | $ 15.76 | $ 7.27 | $ - | $ 15.76 |
| power | $ 1,713.92 | $ 142.83 | $ 65.92 | $ 168.28 | $ (25.45) |
| water& trash | $ 1,056.38 | $ 88.03 | $ 40.63 | $ - | $ 88.03 |
| FOOD 5-15% | |||||
| groceries | $ 4,576.00 | $ 381.33 | $ 176.00 | $ 33.16 | $ 348.17 |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 349.70 | $ 29.14 | $ 13.45 | $ - | $ 29.14 |
| gasoline- buick | $ 732.16 | $ 61.01 | $ 28.16 | $ - | $ 61.01 |
| gasoline- van | $ 1,489.56 | $ 124.13 | $ 57.29 | $ - | $ 124.13 |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 151.32 | $ 12.61 | $ 5.82 | $ - | $ 12.61 |
| replace | $ 846.30 | $ 70.53 | $ 32.55 | $ - | $ 70.53 |
| 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 | $ 9.88 | $ 0.82 | $ 0.38 | $ - | $ 0.82 |
| kids | $ 34.06 | $ 2.84 | $ 1.31 | $ - | $ 2.84 |
| husband | $ 41.60 | $ 3.47 | $ 1.60 | $ - | $ 3.47 |
| MEDICAL 5-10% | |||||
| health care | $ 6,750.00 | $ 562.50 | $ 259.62 | $ - | $ 562.50 |
| health insurance- med, dent, vis | $ 4,927.78 | $ 410.65 | $189.53 | $ 189.53 | $ 221.12 |
| PERSONAL 5-10% | |||||
| Christmas | $ 72.02 | $ 6.00 | $ 2.77 | $ - | $ 6.00 |
| gifts | $ 31.98 | $ 2.67 | $ 1.23 | $ 7.90 | $ (5.24) |
| personal, me | $ 10.66 | $ 0.89 | $ 0.41 | $ - | $ 0.89 |
| personal, kids | $ 158.86 | $ 13.24 | $ 6.11 | $ 1.32 | $ 11.92 |
| personal, husband | $ 10.14 | $ 0.85 | $ 0.39 | $ - | $ 0.85 |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ - | $ 56.33 |
| work | $ - | $ - | $ - | $ 263.87 | $ (263.87) |
| RECREATION 5-10% | |||||
| entertainment | $ 43.42 | $ 3.62 | $ 1.67 | $ 9.35 | $ (5.73) |
| vacation | $ 95.16 | $ 7.93 | $ 3.66 | $ - | $ 7.93 |
| disney | $ 1,300.00 | $ 108.33 | $ 50.00 | $ 25.00 | $ 83.33 |
| DEBT 5-10% | |||||
| husband's student loans | $ 7,052.16 | $ 587.68 | $ 271.24 | $ - | $ 587.68 |
| husband's student loans extra | $ 3,253.38 | $ 271.12 | $ 125.13 | $ - | $ 271.12 |
| NET SPENDING | $ 52,376.51 | $ 4,364.71 | $ 2,014.48 | $ 1,298.59 | $ 3,066.12 |
| DIFFERENCE: NET INCOME/SPENDING | $ (0.03) | $ (0.00) | $ (0.00) | $ 1,158.78 |
Thursday, March 9, 2017
Budget update
Thursday, March 2, 2017
A few notes, February's challenge results, and March's challenge
You may have noticed we went a ridiculous amount over in February. We used part of our tax refund to pay off my student loans, so it's not nearly as bad as it looks- in fact, it looks good! Now we only have one more loan to pay before we will be completely debt free. It's still a long road, though...
February's challenge went pretty well, considering we only fueled up once the whole month! We really didn't go anywhere outside our normal range, and my husband traveled a lot for work (using his work vehicle), so the resulting savings were $49.83! I would say that's mostly just luck, though, not through any special effort.
March's challenge will be for groceries! This is really a good one for me, because sometimes I lose track of what food we've bought, and some of it goes bad before we eat it. I'll try to do better at that this month!
February's challenge went pretty well, considering we only fueled up once the whole month! We really didn't go anywhere outside our normal range, and my husband traveled a lot for work (using his work vehicle), so the resulting savings were $49.83! I would say that's mostly just luck, though, not through any special effort.
March's challenge will be for groceries! This is really a good one for me, because sometimes I lose track of what food we've bought, and some of it goes bad before we eat it. I'll try to do better at that this month!
February- final numbers
| TOTAL INCOME | $ 52,353.60 | $ 4,362.80 | $ 2,013.60 | $ 4,226.25 | $ 136.55 |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 3,117.92 | $ 259.83 | $ 119.92 | $ 243.21 | $ 16.62 |
| NET INCOME | $ 49,235.68 | $ 4,102.97 | $ 1,893.68 | $ 3,983.04 | $ 119.93 |
| CHARITY 10-15% | |||||
| fast offering | $ 1,056.00 | $ 88.00 | $ 40.62 | $ 88.00 | $ - |
| tithing | $ 5,235.36 | $ 436.28 | $ 201.36 | $ 422.63 | $ 13.65 |
| SAVINGS 5-10% | |||||
| emergency fund | $ - | $ - | $ - | $ - | $ - |
| kids savings | $ 112.32 | $ 9.36 | $ 4.32 | $ 8.88 | $ 0.48 |
| retirement | $ 4,711.82 | $ 392.65 | $ 181.22 | $ 366.41 | $ 26.24 |
| 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 | $ 254.80 | $ 21.23 | $ 9.80 | $ 84.66 | $ (63.43) |
| 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 | $ 16.10 | $ 1.49 |
| phone- home | $ 189.12 | $ 15.76 | $ 7.27 | $ 15.76 | $ - |
| power | $ 1,771.38 | $ 147.62 | $ 68.13 | $ 222.85 | $ (75.24) |
| water& trash | $ 1,059.24 | $ 88.27 | $ 40.74 | $ 90.28 | $ (2.01) |
| FOOD 5-15% | |||||
| groceries | $ 4,576.00 | $ 381.33 | $ 176.00 | $ 395.82 | $ (14.49) |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 410.30 | $ 34.19 | $ 15.78 | $ (27.12) | $ 61.31 |
| gasoline- buick | $ 777.92 | $ 64.83 | $ 29.92 | $ - | $ 64.83 |
| gasoline- van | $ 1,499.14 | $ 124.93 | $ 57.66 | $ 37.75 | $ 87.18 |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 210.08 | $ 17.51 | $ 8.08 | $ - | $ 17.51 |
| replace | $ 1,173.90 | $ 97.83 | $ 45.15 | $ - | $ 97.83 |
| 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 | $ 11.70 | $ 0.98 | $ 0.45 | $ - | $ 0.98 |
| kids | $ 44.20 | $ 3.68 | $ 1.70 | $ 92.28 | $ (88.60) |
| husband | $ 52.78 | $ 4.40 | $ 2.03 | $ 170.69 | $ (166.29) |
| MEDICAL 5-10% | |||||
| health care | $ 6,750.00 | $ 562.50 | $ 259.62 | $ 107.75 | $ 454.75 |
| health insurance- med, dent, vis | $ 4,927.78 | $ 410.65 | $189.53 | $ 379.06 | $ 31.59 |
| PERSONAL 5-10% | |||||
| Christmas | $ 105.04 | $ 8.75 | $ 4.04 | $ - | $ 8.75 |
| gifts | $ 44.20 | $ 3.68 | $ 1.70 | $ 33.31 | $ (29.63) |
| personal, me | $ 14.56 | $ 1.21 | $ 0.56 | $ - | $ 1.21 |
| personal, kids | $ 185.12 | $ 15.43 | $ 7.12 | $ 59.49 | $ (44.06) |
| personal, husband | $ 14.04 | $ 1.17 | $ 0.54 | $ 13.07 | $ (11.90) |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ 42.18 | $ 14.15 |
| work | $ - | $ - | $ - | $ 1,229.20 | $(1,229.20) |
| RECREATION 5-10% | |||||
| entertainment | $ 60.58 | $ 5.05 | $ 2.33 | $ - | $ 5.05 |
| vacation | $ 132.08 | $ 11.01 | $ 5.08 | $ - | $ 11.01 |
| disney | $ 1,300.00 | $ 108.33 | $ 50.00 | $ 100.00 | $ 8.33 |
| DEBT 5-10% | |||||
| my student loans | $ 573.24 | $ 47.77 | $ 22.05 | $ 2,359.79 | $(2,312.02) |
| husband's student loans | $ 7,052.16 | $ 587.68 | $ 271.24 | $ 587.68 | $ - |
| husband's student loans extra | $ 1,098.50 | $ 91.54 | $ 42.25 | $ 140.57 | $ (49.03) |
| NET SPENDING | $ 49,235.64 | $ 4,102.97 | $ 1,893.68 | $ 7,095.54 | $(2,992.57) |
| DIFFERENCE: NET INCOME/SPENDING | $ 0.04 | $ 0.00 | $ 0.00 | $(3,112.50) |
Subscribe to:
Posts (Atom)