November Budget & October Net Worth

Here is our budget for November:

Expenses:
$1065 Mortgage
$50 House Phone
$55 Cell Phone
$28 Natural Gas
$108 Electric
$40 Water
$250 Food
$200 Car Gas
$140 Dental
$200 Fun Money
$220 Mrs. Student Loans
$70 Mr. Student Loans
$40 Daughter's Health Insurance
$95 Life Insurance

Base Expenses: $2,561

Income:

$3580 Salary Take Home
$1000 Rental Income

Total: $4580

The difference between our expenses and our income will be going into savings to pay off debt. I suspect some of our creditors are getting hungry with the economy not doing so well, since the number of calls this past week has picked up.

Our phone bill went up due to the price of our Internet plan went up and someone had used 411 at the house twice. We have changed our Internet plan as well to the next higher plan to help with me working from home more and watching Netflix (which comes out of my fun money).

Net Worth:

This is the first time in over a year it has gone down. I decided to write off the bad debt owed by someone I had done programming work for. I know I am in the right for the balance, but the fight to get the money is not worth the stress and morally I should not have been working for them while at my full-time job. In addition, I did an accurate check of our mortgage and student loan balances.

We're planning in the coming month to build up the cash position of our net worth, so that we can get back on track paying off debts.