Sunday, February 25, 2007

April Budget

I know it's a little early for an April budget, but this is our goal for our overall budget starting in April once everything is current.

Income
  • $2400 - System Admin. Job
  • $250 - Huntington part time job
  • $1100 - Rent from 3 roommates
  • $250 - On-call computer support (minimum)
  • $4000 - TOTAL
The on-call computer support can vary from month to month, so I'm setting it at a low amount of $250.

Expenses
  • $1645 - Housing ($1030 mortgage, $100 electricity, $145 gas, $30 water, $40 telephone, $300 maintenance)
  • $100 - Food
  • $555 - Transporation ($200 gasoline, $40 auto insurance, $10 license & taxes, $300 maintenance, $5 tolls)
  • $95 - Insurance ($95 life insurance)
  • $320 - Unsecured Debts
  • $125 - Entertainment ($100 vacation/trips, $15 computer maintenance, $10 sewing supplies)
  • $125 - Clothing ($100 baby's needs, $25 husband/wife needs)
  • $200 - Savings
  • $100 - Medical ($35 foot dr, $20 dentist, $40 prescriptions, $5 eyeglasses)
  • $235 - Misc ($30 toiletries, $15 haircuts, $5 laundry supplies, $25 gifts, $160 cell phone)
  • $100 - Education
For housing, the $300 maintenance is for fixing our driveway, install insulation, install a storm door, repair front door glass, and if possible install a used fence. For transportation, the $300 maintenance is for a replacement vehicle within the next 6-9 months. For entertainment, the $100 vacation/trips is a weekend conference in August for my wife's work and Thanksgiving with my in-laws in Colorado. For clothing, the $100 baby needs is for our child due on 5/21 and all that entails. For education, the $100 goes towards certifications, study material, etc. All the ones marked in blue are going into cash funds to take care of items in those categories when they come up.

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