I am always so curious to see realistic budgets. This, while laden with more debt than I ever want to see again, is ours.
We have had to estimate our income because my husband's schedule isn't really fixed.
So this is our monthly income versus monthly expenses.
|
Income Type
|
Amount
|
|
Monthly Net Income
|
$5,353
|
|
Other Monthly Income
|
|
|
|
|
|
Available Cash
|
$5,353
|
|
Expense
|
Costs
|
|
Mortgage
|
$1,900
|
|
Verizon
|
$300
|
|
Kia
|
$313
|
|
Forte
|
$338
|
|
School Loans
|
$160
|
|
Car Insurance
|
$185
|
|
Gas/Electric
|
$120
|
|
Water
|
$65
|
|
Alarm
|
$43
|
|
Tithe
|
$465
|
|
Groceries
|
$600
|
|
Gasoline
|
$250
|
|
Pest Control
|
$45
|
|
Sparkletts
|
$22
|
|
doterra
|
$50
|
|
legal shield
|
$40
|
|
disneyland passports
|
$61
|
|
gym
|
$35
|
|
fun/extra expenses
|
$361
|
|
Total Monthly Expenses
|
$5,353
|
By using this method, each and every dollar is accounted for. We will be aware of what is coming in and where it is going on its way out.
We are working on the Dave Ramsey baby step 2, the debt snowball. Any and all extra money will go straight toward paying off the birthing center where we intend to deliver first.
The way the snowball works is that, as time progresses and debts are paid in full, you carry the money formerly spent on a bill over to the next bill, never counting that as extra money.
All overtime will be included in our debt repayment plan.
It will be interesting to see how creative we get at having fun when our budget is set as such!
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