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Reworking Budget

January 17th, 2014 at 07:33 am

Husband got his first big check. Smile

It could not have came at a better time, since our bills are about $120 over budget this month, and the $300 plumber bill. (Still have not got a hold of him yet. We are playing phone tag.)

Since our income will be changing, we finally sat down and I shared my budget plan.

This is a bi-weekly budget.

My Check $470
House $100
Tithes $50
Lunches $30
Phone/Insurance $50
Gas $80
Savings $150

Remaining $10

Of course other expenses usually come up and eat some of my savings money. But I am hoping that with husband raise we will budget some discretionary money, and I wont have to eat into my savings.

His Check $860
Bills/House $300
Food $150
Gas $100
Insurance/Phone $40
Tithes $90
Savings/Bills $50

Remaining $130

Our remaining money will be saved, used for date nights, and remodeling our house.

2 Responses to “Reworking Budget”

  1. snafu Says:

    How did DH react to your proposed budget plan? Would you consider adding a 'Maintenance' category to help fund auto and household maintenance/repair? I acknowledge it takes some time until that fund genuinely covers costs - it's often feels like one step forward, two steps back! Any 'found money from extra work or unexpected $$ can help bump that category.

  2. klarose Says:

    At first he thought it was unfair that I am not contributing as much to our bills as he is. But I reminded him that he makes twice as much money as me. And if I help pay more bills, then he would have to save more. Who cares what pay check it comes from, we are still going to be paying for everything. He just has not seemed to grasp that the money is all ours now, and not yours and mine anymore. But he agreed to the budget.

    A maintenance fund was thought about. I am sure we will add that in the future. Right now it just comes out of our discretionary spending left over each month. I want to finish the EF before we start saving for too many things.

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