Tuesday, October 30, 2007

November Budget & October Net Worth

Here's our budget for the coming month:

$1127 Mortgage
$240 Car Gas
$30 House Phone
$89 Electricity
$45 Water
$77 Home Gas
$160 Groceries
$450 Tithe
$95 Life Insurance
$30 Mrs' Fun Money
$30 Mr' Fun Money
$30 Dining Out
$30 Toiletries
$25 Mrs' Chiropractic
$150 Christmas
$300 Insulation
$235 Oil Change & Repairs
$50 Cell Phone
$1323 Debt Snowball

Our mortgage lender messed up on the escrow calculations, so we'll be back down a bit to $1127. Our groceries are going up due to Thanksgiving coming around (as well as we totally bombed this past month's goal of cash-only for groceries, made several bad purchases). My wife is starting chiropractic treatment, so we set aside some for her. Our Christmas budget is $300 total ($100 for each of us and $100 for family), so we'll do $150 this month and $150 next month. I really need to finish up the insulation project, it keeps getting delayed due to money problems, about half done. The $300 is an estimate, I suspect it will be lower. My wife's car needs some repairs, which we are having a friend that works for a parts supplier repair for us. Cell phone came down a bit as discussed before.

Debt Snowball:

Here's the fun part! Where it is all going:

$300 Home Depot - Minimum
$100 Capital One - Minimum
$100 Menards - Minimum
$200 Discover - Minimum
$623 Cell phone Debt - Old plan we cancelled a long time ago (long story, not the brightest point of our lives) and other debt on our existing plan (my wife is going to look into our current phone plan, they sent us a bill with too high of an amount due).

October Net Worth:

It was a catch-up month for us after we recently settled on our Chase account. My wife had some chiropractor expenses this month too that wiped away our emergency fund. The coming month will be better!

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