November Budget: take a peek!

I thought it would be cool to show you what the blank slate for my budget looks like for the next month. I'll point out some interesting points in the budget to give you an idea of where my heads at. November Budget:
So we're starting out with a good amount In our checking which is great/ a tease because that amount is going to drop fast soon.

Week 1
11.1 L's School: L's School is good at letting us skip a week if we need to.
Gas: We try to stay as close to to our weekly goal as possible. we go by when the car gets to half a tank.
Fitness Reimbursement: A nice surprise!
11.2

Week 2
11.3
11.4
11.5 Ah, my bank account can take a nice breath before it gets beat up
11.6
11.7
11.8 C's Credit Card:
L’s School:
Gas:
11.9 Mortgage: This will be going down soon once the paperwork for the refinance goes
Groceries: through

Week 3
11.10
11.11 Loan #1
11.12
11.13 George’s Credit Card
11.14 Work PayDay. This week is going to be tough because before pay day our bank will get
11.15 Electric bill super low. So we’ll need to pay special attention to what we spend
L’s School
Gas
11.16 Groceries

Week 4
11.17 Furnace Loan
Car insurance This will be lowering hopefully because we just installed a new
11.18 furnace
11.19
11.20
11.21
11.22 Loan #2
L’s School
Gas
11.23 Groceries

Week 5
11.24
11.25
11.26 Car
11.27
11.28 Cable
Work PayDay
11.29 L’s School
Gas
11.30 Groceries

So with everything above, that's not including if we buy anything outside this budget (which sometimes isn't reality). I hope this was a cool insight into how I plan for the month before! It's nice to see I'm not losing money because at the end of the month the checking went up a little over $300.

How do you budget? I’d love to see! Tweet me @DitchinDebt

Comments

Understanding debt snowball and avalanche methods

If you have heard about Dave Ramsey you’ve heard him talk and praise about the debt snowball. The debt snowball is when you pay off debt from lowest monthly payment to highest and disregard the interest. There is another known way of paying off debt called the avalanche method. That is when you pay your highest interest rate debt and disregard monthly payment. But which one is more time efficient? Let’s find out! The following are random amounts and interest rates to give a good idea on the time it will take to pay off the most common kind of debt. The debt: Credit card: Amount: $8,000 monthly payment: $264 interest rate 15% Student loan Amount: $10,000 For 10 years Monthly amount: $88 Interest rate: 6% House loan Amount: $9,000 for 6 months Monthly amount: 125 Interest rate: 0% Car loan Amount: $15,000 for 5 years Monthly amount: $262 Interest rate: 5% Debt snowball method: If we were to do the debt snowball method, the order would be student loans, h...

Weekly Report: Vacation plans while paying off debt #4

This week was crazy for us. We are officially refinanced (which took what feels like an eternity) and this is our first week paying more for a whole week of daycare because my father, who normally watches my daughter on Thursdays, had surgery and is out of commission for a month or so. We are a bit worried about money this week because we've been paying so much debt the past three weeks. I think we went a little too hard but we'll be ok! So this week we didn't pay anything off, but we did start our taxes! We're expecting a lot for our tax return which we're hoping will make a nice dent towards our last credit card and our Disney trip we have planned. I know you're not supposed to go on vacation while doing this whole get out of debt journey but let's be real. As much as I love listening to Dave Ramsey every morning, he would say not to go on vacation until all my debt is paid off. But, I'm not a super hardcore Ramsinite who follows EVERYTHING he ...

Controlling your spending habits

Being able to control what you spend is crucial in getting out of debt. The easiest way to cut costs is to find out what you can cut and what you can't cut. Let's take my budget for example. There are three items that I can't cut because of how fixed they are. Those items are my mortgage, my daughter's daycare, and my debt. Now, there are ways to lower these amounts whether it's refinancing your mortgage, finding an alternative daycare provider, or consolidating your student loans or other loans. But assuming you've done all you can do like we have, then we're sitting at about 83% of my spending I can't touch or do anything about. Now, this number may scare some but we're working on getting out of debt right? So that percentage will slowly go down over time. We got this! Now, the other 17% we can move around and change to an extent. That percentage consists of Utilities, Cable, Groceries, and Gas. Some ways you can cut these cost is by l...

Ditchin' Debt

Search This Blog