Reset Budget

As promised, here is our reset budget that started September 1st. The current plan/ goal is to stick with this budget until next July.  This represents a combination of both Matt and I regular salary in addition to my extra money earned via Tiny Eye. I will share some additional information if you are interested after the budget

offering 580
Mortgage  944.52
water 30
electric 276
Road runner 138.2
Car Payment 344.02
cellphone 306
Groceries 500
Adobe/Computer 75
AAA/Insurance 100
Gifts 298
Gas 300
Piano 120
Clothing/Hair  80
Medical 100
Saving 120
Chores 200
American Express 200
5/3 Card 200
kids/pool 200
Auto 100
total 5211.74

The last four lines American Express, 5/3 Card, Kids/pool and Auto are all based on my expected income from Tiny Eye. I still do not have a start date nor a steady schedule so these are very fluid at the moment. I hope once things settle ( By December) I can post more realistic numbers.

The following categories are cash: Groceries, Gifts, Gas, Piano, Clothing/Hair and Chores.

Currently any “extra money” is being held in our main checking account. In the near future any extra cash will be place either for fun or in the kids/ pool account.

Medical- $83 a month until April of this is being paid for Zach’s braces. The remaining is for doctor’s visits and prescriptions. I was able to stock up on most medication and doctor’s visits prior to changing jobs so I anticipate keeping this fund at the same level but allowing it to grow after April.

Gas- We are closely monitoring this category for the next several months as I am not sure about traveling and how much we will actually spend. I may need to increase by $50 a month just from observation so far in September.

Chore- I have checked local prices and this is most likely less than I would be paying for house cleaning every other week. Money that is not being used will either roll into fun money or may stay in the main account depending on our needs.

Clothing/Hair- this may seem high at first glance but with 5 heads of hair it is probably a little low. This is again a category I will be closely monitoring.

Gifts- 5 children for both Birthday and Christmas. This will also include gifts for parties or other occasions as well.

Thoughts or Questions?

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