April Budget
Take Home Pay - $9,215
Husband Allowance - $105*
Wife Allowance - $75*
Food - $580 (Includes Groceries & Dining)
Clothing - $50*
Household - $80*
Personal Care - $40*
Child Care - $775
Mortgage - $2,531
Fuel - $260
Gas/Electric - $229
Storage - $89
Trailer #2 - $147
Insurance - $141
Security - $30
Water/Trash - $80
Life Insurance - $60
Cable - $60
Car #1 - $622
Car #2 - $691
Internet/Phone - $42
Cell Phone - $180
XM - $18
Bugs - $35
Student Loan - $175
Minimum Credit Cards - $923
Additional Credit Card Payments - $1,195
I think you budget looks good and great job on putting the extra $1195 towards additional credit card payments! Keep it up!
ReplyDeleteTwo ideas:
ReplyDelete1. About the $770 in child care -- do either of you have a flexible savings account (FSA) that would dramatically cut the net cost of child care? If not, since you are on the management team of your company, can you suggest that the company implement FSAs and HSAs? You can contribute up to $5,000 to an FSA....
2. Second "job"
Are you being paid as a contractor or as an employee? If you are being paid as a contractor, you can deduct business expenses (such as cell phone) against revenue. There are tons of web sites and books about this. You file on a simple Schedule C at tax time.
Kudos for putting an extra $1200 toward the cred it cards! Great Job! :)
ReplyDelete