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As Promised, Written Budget

December 28th, 2010 at 08:19 pm

Income:

Net pay 2970.00
Child support 452.00
Total Income 3422.00

Outgo:

Mortgage 1285.00
Utilities 428.00
Life Ins 42.00
Car Ins 125.00
Groceries 500.00
Pest Srv 31.00
Visa 400.00
B of A 60.00
Grooming 80.00
Gym 82.00
co-pays 50.00
Savings 100.00
Roth 100.00
Egypt 50.00

Total 3333.00

Unbudgeted: 89.00


Notes:

Utilities includes electric, gas, water, sewer, garbage, telephone, and internet.

Groceries includes household supplies.

Car ins is paid semi-annually.

Visa is not debt repayment, but my budget for gas, Netflix, newspaper, and any other charges.





Posted in Budgeting | 6 Comments »

6 Responses to “As Promised, Written Budget”

  1. scfr Says:
    December 29th, 2010 at 04:37 pm 1293640642
    1293640642

    I noticed that your sidebar says that you want to improve your spending. Have you thought about which of these items you could eliminate or reduce?

  2. Petunia 100 Says:
    December 29th, 2010 at 05:50 pm 1293645005
    1293645005

    I think about it day and night. Wink

  3. krantcents Says:
    December 31st, 2010 at 10:56 pm 1293836181
    1293836181

    Aside from evaluating your expenses, I would set up an emergency fund, you have very little extra money.

  4. Petunia 100 Says:
    January 1st, 2011 at 06:39 pm 1293907173
    1293907173

    I agree, I don't have a great deal of "wiggle room". I do have some savings and I do try to add to them monthly.

  5. scfr Says:
    January 1st, 2011 at 06:47 pm 1293907643
    1293907643

    1. Are there any items you could eliminate completely? Gym (could you walk or workout at home)? Pest service (is DIY an option)?

    2. Which items can be reduced? Utilities (set the temp 1-2 degrees lower or higher depending on the season, take quicker showers, etc)? Grooming? Groceries?

    3. What is B of A? If it's bank fees (one of my pet peeves) I'll bet they could be eliminated.

    Good luck to you!!!

  6. Petunia 100 Says:
    January 2nd, 2011 at 06:52 pm 1293994327
    1293994327

    Hi scfr,

    I am trying to economize and reduce as much as I can. I know there is room for improvement. Right now I am really focusing on groceries and avoiding eating out.

    I'm not willing to cancel the gym membership. It is a family membership and we use it a lot.

    I keep the thermostat at 66, but I do often find lights on in rooms with no people. I'm trying to get nephew and son on board with this. Smile

    B of A is credit card debt. I hate bank fees too!

    I am new at tracking. It may be that I can come in lower and divert some funds away from expenses and towards net worth building. That is my goal anyway.

    Please keep the helpful comments coming.

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