| TOTAL INCOME | $ 52,353.60 | $ 4,362.80 | $ 2,013.60 | $ 2,186.11 | $ 2,176.69 |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 3,341.78 | $ 278.48 | $ 128.53 | $ 134.31 | $ 144.17 |
| NET INCOME | $ 49,011.82 | $ 4,084.32 | $ 1,885.07 | $ 2,051.80 | $ 2,032.52 |
| CHARITY 10-15% | |||||
| fast offering | $ 1,056.00 | $ 88.00 | $ 40.62 | $ 88.00 | $ - |
| tithing | $ 5,235.36 | $ 436.28 | $ 201.36 | $ 218.61 | $ 217.67 |
| SAVINGS 5-10% | |||||
| emergency fund | $ - | $ - | $ - | $ - | $ - |
| kids savings | $ 93.08 | $ 7.76 | $ 3.58 | $ 1.79 | $ 5.97 |
| retirement | $ 4,711.82 | $ 392.65 | $ 181.22 | $ 188.02 | $ 204.63 |
| HOUSING 25-35% | |||||
| dream home | $ 260.00 | $ 21.67 | $ 10.00 | $ 5.00 | $ 16.67 |
| homeowner's insurance (Jan) | $ 518.00 | $ 43.17 | $ 19.92 | $ - | $ 43.17 |
| Household improvement/ repair | $ 411.32 | $ 34.28 | $ 15.82 | $ 21.44 | $ 12.84 |
| 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 | $ 236.86 | $ 19.74 | $ 9.11 | $ - | $ 19.74 |
| phone- home | $ 189.12 | $ 15.76 | $ 7.27 | $ - | $ 15.76 |
| power | $ 1,840.28 | $ 153.36 | $ 70.78 | $ 97.25 | $ 56.11 |
| water& trash | $ 1,067.04 | $ 88.92 | $ 41.04 | $ 89.99 | $ (1.07) |
| FOOD 5-15% | |||||
| groceries | $ 4,576.00 | $ 381.33 | $ 176.00 | $ 121.19 | $ 260.14 |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 410.30 | $ 34.19 | $ 15.78 | $ - | $ 34.19 |
| gasoline- buick | $ 765.55 | $ 63.80 | $ 29.44 | $ - | $ 63.80 |
| gasoline- van | $ 1,112.88 | $ 92.74 | $ 42.80 | $ 32.45 | $ 60.29 |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 1,703.00 | $ 141.92 | $ 65.50 | $ - | $ 141.92 |
| replace | $ 1,040.00 | $ 86.67 | $ 40.00 | $ - | $ 86.67 |
| taxes, property- county (Dec) | $ 89.55 | $ 7.46 | $ 3.44 | $ - | $ 7.46 |
| taxes, property-town (Dec) | $ 81.44 | $ 6.79 | $ 3.13 | $ - | $ 6.79 |
| CLOTHING 2-7% | |||||
| me | $ 130.00 | $ 10.83 | $ 5.00 | $ - | $ 10.83 |
| kids | $ 234.00 | $ 19.50 | $ 9.00 | $ - | $ 19.50 |
| husband | $ 130.00 | $ 10.83 | $ 5.00 | $ - | $ 10.83 |
| MEDICAL 5-10% | |||||
| health care | $ 4,160.00 | $ 346.67 | $ 160.00 | $ 220.00 | $ 126.67 |
| health insurance | $ 4,564.82 | $ 380.40 | $175.57 | $ 175.57 | $ 204.83 |
| PERSONAL 5-10% | |||||
| Christmas | $ 286.00 | $ 23.83 | $ 11.00 | $ - | $ 23.83 |
| gifts | $ 130.00 | $ 10.83 | $ 5.00 | $ - | $ 10.83 |
| personal, me | $ 78.00 | $ 6.50 | $ 3.00 | $ - | $ 6.50 |
| personal, kids | $ 1,040.00 | $ 86.67 | $ 40.00 | $ 100.00 | $ (13.33) |
| personal, husband | $ 78.00 | $ 6.50 | $ 3.00 | $ - | $ 6.50 |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ - | $ 56.33 |
| work | $ - | $ - | $ - | $ - | $ - |
| RECREATION 5-10% | |||||
| entertainment | $ 260.00 | $ 21.67 | $ 10.00 | $ - | $ 21.67 |
| vacation | $ 500.50 | $ 41.71 | $ 19.25 | $ - | $ 41.71 |
| disney | $ 1,300.00 | $ 108.33 | $ 50.00 | $ 25.00 | $ 83.33 |
| 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 | $ 411.32 | $ 34.28 | $ 15.82 | $ - | $ 34.28 |
| NET SPENDING | $ 42,991.11 | $ 3,582.59 | $ 1,885.07 | $ 1,262.87 | $ 2,319.72 |
| DIFFERENCE: NET INCOME/SPENDING | $ 6,020.71 | $ 501.73 | $ (0.00) | $ 788.93 | $ (287.20) |
Saturday, August 6, 2016
Budget update
Tuesday, August 2, 2016
August's challenge
Are you ready to turn off the lights? Turn up the thermostat? Unplug unused electronics? It's electricity savings challenge time! This is probably one of my kids' favorites, because they like to be in charge of "light patrol", in fact my 10 year old even turns off lights when I think we need them in the early morning hours or in the evenings. He can be a little more thrifty than me, if that's possible.
Where we went over budget
Groceries. Oy. Mostly because it is back to school time in one week, and I'm stocking up on supplies for the entire year. Hopefully I've got most of what we need for the kiddos (three in school this year!), and there won't be too many additional supply requests from the teachers at back to school night this week. It is also partly because there were five Fridays in July as well. Friday is my grocery shopping day, and I keep the dollar amount fairly consistent from week to week regardless of how many Fridays there are in a month, so a 5- Friday month will have a higher total than a 4- Friday month. I still went over though, even with that higher number.
Budget update- final numbers for July
| TOTAL INCOME | $ 52,353.60 | $ 4,362.80 | $ 2,013.60 | $ 4,308.06 | $ 54.74 |
| Yearly total | Monthly | Average biweekly | Actual | Difference | |
| INCOME TAX | |||||
| taxes, work | $ 3,341.78 | $ 278.48 | $ 128.53 | $ 272.04 | $ 6.44 |
| NET INCOME | $ 49,011.82 | $ 4,084.32 | $ 1,885.07 | $ 4,036.02 | $ 48.30 |
| CHARITY 10-15% | |||||
| fast offering | $ 1,056.00 | $ 88.00 | $ 40.62 | $ 88.00 | $ - |
| tithing | $ 5,235.36 | $ 436.28 | $ 201.36 | $ 430.81 | $ 206.83 |
| SAVINGS 5-10% | |||||
| emergency fund | $ - | $ - | $ - | $ - | $ - |
| kids savings | $ 85.80 | $ 7.15 | $ 3.30 | $ 7.16 | $ (0.01) |
| retirement | $ 4,711.82 | $ 392.65 | $ 181.22 | $ 380.57 | $ 12.08 |
| HOUSING 25-35% | |||||
| dream home | $ 260.00 | $ 21.67 | $ 10.00 | $ 20.00 | $ 1.67 |
| homeowner's insurance (Jan) | $ 518.00 | $ 43.17 | $ 19.92 | $ - | $ 43.17 |
| Household improvement/ repair | $ 250.90 | $ 20.91 | $ 9.65 | $ 223.31 | $ (202.40) |
| appliance replace | $ 214.50 | $ 17.88 | $ 8.25 | $ - | $ 17.88 |
| real estate tax, county (Jun and Dec) | $ 1,210.40 | $ 100.87 | $ 46.55 | $ - | $ 100.87 |
| real estate tax, town (Dec) | $ 217.60 | $ 18.13 | $ 8.37 | $ - | $ 18.13 |
| UTILITIES 5-10% | |||||
| internet | $ 461.40 | $ 38.45 | $ 17.75 | $ 38.45 | $ - |
| phone- cell | $ 236.60 | $ 19.72 | $ 9.10 | $ 19.10 | $ 0.62 |
| phone- home | $ 189.12 | $ 15.76 | $ 7.27 | $ 15.76 | $ - |
| power | $ 1,856.66 | $ 154.72 | $ 71.41 | $ 111.74 | $ 42.98 |
| water& trash | $ 1,252.16 | $ 104.35 | $ 48.16 | $ 84.26 | $ 20.09 |
| FOOD 5-15% | |||||
| groceries | $ 4,576.00 | $ 381.33 | $ 176.00 | $ 487.67 | $ (106.34) |
| TRANSPORTATION 10-15% | |||||
| car insurance (Jan and Jul) | $ 410.30 | $ 34.19 | $ 15.78 | $ 205.15 | $ (170.96) |
| gasoline- buick | $ 789.85 | $ 65.82 | $ 30.38 | $ 37.35 | $ 28.47 |
| gasoline- van | $ 1,148.21 | $ 95.68 | $ 44.16 | $ 202.54 | $ (106.86) |
| registration, buick | $ 39.42 | $ 3.28 | $ 1.52 | $ - | $ 3.28 |
| registration, van | $ 44.42 | $ 3.70 | $ 1.71 | $ - | $ 3.70 |
| repair & maintain | $ 1,703.00 | $ 141.92 | $ 65.50 | $ 19.22 | $ 122.70 |
| replace | $ 1,040.00 | $ 86.67 | $ 40.00 | $ - | $ 86.67 |
| taxes, property- county (Dec) | $ 89.55 | $ 7.46 | $ 3.44 | $ - | $ 7.46 |
| taxes, property-town (Dec) | $ 81.44 | $ 6.79 | $ 3.13 | $ - | $ 6.79 |
| CLOTHING 2-7% | |||||
| me | $ 130.00 | $ 10.83 | $ 5.00 | $ - | $ 10.83 |
| kids | $ 234.00 | $ 19.50 | $ 9.00 | $ - | $ 19.50 |
| husband | $ 130.00 | $ 10.83 | $ 5.00 | $ 14.00 | $ (3.17) |
| MEDICAL 5-10% | |||||
| health care | $ 4,160.00 | $ 346.67 | $ 160.00 | $ 195.58 | $ 151.09 |
| health insurance | $ 4,564.82 | $ 380.40 | $175.57 | $ 351.14 | $ 29.26 |
| PERSONAL 5-10% | |||||
| Christmas | $ 286.00 | $ 23.83 | $ 11.00 | $ - | $ 23.83 |
| gifts | $ 130.00 | $ 10.83 | $ 5.00 | $ - | $ 10.83 |
| personal, me | $ 78.00 | $ 6.50 | $ 3.00 | $ 21.12 | $ (14.62) |
| personal, kids | $ 1,040.00 | $ 86.67 | $ 40.00 | $ 2.70 | $ 83.97 |
| personal, husband | $ 78.00 | $ 6.50 | $ 3.00 | $ 3.99 | $ 2.51 |
| pets | $ 676.00 | $ 56.33 | $ 26.00 | $ - | $ 56.33 |
| work | $ - | $ - | $ - | $ (161.68) | $ 161.68 |
| RECREATION 5-10% | |||||
| entertainment | $ 260.00 | $ 21.67 | $ 10.00 | $ 82.20 | $ (60.53) |
| vacation | $ 390.00 | $ 32.50 | $ 15.00 | $ 397.66 | $ (365.16) |
| 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 | $ 251.16 | $ 20.93 | $ 9.66 | $ 250.75 | $ (229.82) |
| NET SPENDING | $ 43,261.99 | $ 3,605.17 | $ 1,885.07 | $ 3,460.12 | $ 145.05 |
| DIFFERENCE: NET INCOME/SPENDING | $ 5,749.83 | $ 479.15 | $ (0.00) | $ 575.90 | $ (96.75) |
Saturday, July 23, 2016
Where we went over budget
We did take our vacation a few weeks ago and I forgot to mention that we did go over budget in a few areas because of that. One of them was gas, and though I tried to plan ahead for that, it is difficult when you are traveling a big distance, and I didn't plan for tolls, of which there were several. We also went over budget for the actual vacation spending as well. I'd like to say it was just $7.66, as it appears in this month's budget, but we did buy things for the vacation ahead of time, as well as reservation deposits, so it came out to be an additional $141.84, bringing the total over budget at $149.50. We could have gone cheaper, but we chose to make it easier on ourselves and eat out at least once a day, rather than packing and eating out of a cooler all the time like we have in the past. I go back and forth on this issue, knowing that packing food and cooking while on vacation can be a point of stress for me, so it makes the vacation less enjoyable, but the tightwad in me cringes at spending so much more money eating out.
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